No Indian Startup Affected By US Banking Crisis, Says Union Minister
NDTV
Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.
Immediate action by the government to help Indian startups in the aftermath of Silicon Valley Bank (SVB) collapse ensured they were not adversely impacted by the "minor crisis", Union Minister Ashwini Vaishnaw said on Monday.
He also exhorted the entire startup community to think of the Indian banking sector as their trusted partner.
Vaishnaw, Minister for IT and Communications, also noted the rapid strides taken by India in areas of Artificial Intelligence (AI) and quantum computing.
Speaking at India Global Forum event, the Minister said while there was a time when India was only seen as a consumer of technology, today "many global developers like to have Indian startups, entrepreneurs and academicians as their partners, as technology gets developed".
