Global investors will benefit from India’s vibrant start-up ecosystem: PM Modi

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Delhi: Prime Minister Narendra Modi on Tuesday called on global investors to benefit from India’s vibrant start-up ecosystem that, he said, stands as the third-largest in the world, adding that he firmly believes that any investment in India’s innovation sector would yield huge returns. While delivering the keynote address at the high-profile financial summit, Future Investment Initiative (FII), dubbed “Davos in the desert”, Mr Modi said, “India is the third-largest start-up ecosystem in the world. Even in Tier-II and Tier-III cities of India, start-ups have come up. Our start-ups have started investing at a global scale. I invite global investors to benefit from our start-up ecosystem. I firmly believe that any investment in innovation would give highest returns.” While highlighting India’s start-up environment, the scope for infrastructure development, sophisticate technology and the government’s bid to promote skills and ease procedures, Mr Modi said that India had risen in the ease of living and ease of doing business, and added that there was “no illusion in policy” and “no doubt in the goal” on the part of his government.