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Invest in Indian start-ups, India urges Chinese firms

India asked Chinese firms to invest in start-ups and asked the Indians to look eastwards towards China not just for capital, but for innovation and experience-sharing.

India sought investments on Tuesday from Chinese firms in start-ups, projecting the country as an “unrivalled economic opportunity” for them.

Around 20 Indian start-ups and over 100 Chinese investors took part in the Start-up India Investment Seminar organised by the Embassy of India in Beijing.

Addressing the event, Charge d’Affaires of India in China, Amit Narang highlighted the big jump of 30 places achieved by India in one year in the Ease of Doing Business Ranking released by the World Bank recently.

He called on Chinese investors to look at India as an unrivalled economic opportunity and urged Indian start-ups to also look eastwards towards China not just for capital, but for innovation and experience-sharing to realise future

Young Indian entrepreneurs heading the start-ups also made a strong pitch for Chinese investments in their fledgling firms.

Speaking on ‘Why Invest in India’, Benny Chen, CEO, managing director India and Global Strategic Alliance, Ant Financial of Alibaba, said he remains bullish on the explosive growth in mobile and internet penetration in India and appraised the various initiatives taken by the government of India to stimulate faster growth.

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