National, 13 February 2025: Shri Piyush Goyal, Minister of Commerce and Industry, virtually addressed the second day of the IVCA Conclave 2025, commending the Indian Venture and Alternate Capital Association (IVCA) for its role in shaping India’s alternate capital ecosystem. In his address, he emphasized the government’s commitment to fostering an investor-friendly climate and outlined key growth drivers for India’s startup and investment landscape.
“As India strives toward becoming Viksit Bharat, the role of investors and venture capital becomes pivotal. Hon’ble Prime Minister Shri Narendra Modi has said that experts and investors around the world are excited about India. We have seen a 130% surge in private equity and venture capital-backed IPOs in 2024, with landmark listings reflecting growing public market participation and investor confidence,” said Shri Goyal.
Reaffirming the Modi government’s pro-investment stance, he highlighted the key initiatives in the Union Budget aimed at strengthening India’s startup ecosystem. “The government remains committed to creating a favorable investment climate, ensuring regulatory stability, and enhancing ease of doing business. The Union Budget reinforces this commitment with an additional ₹10,000 crore for the second Fund of Funds for Startups and the Deep Tech Fund, empowering entrepreneurs to scale and innovate. Enhanced credit guarantees and tax parity for investors will further unlock new investment corridors and expand capital access for startups,” he added.
Shri Goyal urged investors to focus on four key areas—the “Four Cs”—to drive India’s next phase of growth:
- Catalyzing innovation by investing in artificial intelligence and frontier technologies.
- Channeling domestic capital by strengthening local investments in startups.
- Championing self-reliance (Atma Nirbhar Bharat) by supporting indigenous solutions in electric vehicles and clean technology.
- Cultivating emerging hubs by unlocking the immense talent pool in Tier-2 and Tier-3 cities.
Encouraging deeper collaboration between investors, startups, and policymakers, Shri Goyal called on the global investment community to take part in Startup Mahakumbh 2025, scheduled from April 3-5 in New Delhi. Concluding his address, Shri Goyal lauded IVCA’s role in fostering a strong PE-VC ecosystem in India. “The strong partnership between the government, the private sector, our young talented innovators, and academia is driving India’s economic transformation. I once again congratulate IVCA on this milestone event and wish you insightful discussions and transformative outcomes,” he remarked.
Leave a Reply