Union Minister, Start-Ups To Meet To Discuss Silicon Valley Bank Crisis
NDTV
One of the most prominent lenders in the world of technology startups Silicon Valley Bank, struggling under the weight of ill-fated decisions and panicked customers, collapsed on Friday.
Union minister Rajeev Chandrasekhar said he will meet Indian startups this week to understand the impact of SVB Financial's collapse on them and how the government can help during the crisis. The @SVB_Financial closure is certainly disrupting startups across world .Startups are an imp part of #NewIndia Economy.I will meet wth Indian Startups this week to understand impact on thm n how @narendramodi govt can help durng this crisis.#IndiaTechade@PMOIndiapic.twitter.com/1HLTwAs9IF
"The @SVB_Financial closure is certainly disrupting startups across world. Startups are an imp part of #NewIndia Economy," Union Minister of State for Entrepreneurship, Skill Development, Electronics and Technology Chandrasekhar said in a tweet.
One of the most prominent lenders in the world of technology startups Silicon Valley Bank, struggling under the weight of ill-fated decisions and panicked customers, collapsed on Friday, forcing the US federal government to step in, The New York Times reported.
