On Thursday, Piyush Goyal, the minister of commerce and industry, emphasised the Startup India Initiative of Prime Minister Narendra Modi and challenged the Indian diaspora to broaden its reach into international markets.
The Indian diaspora has a significant role in this journey because they recognise talent, fresh ideas, and innovation and finance them during his luncheon engagement in San Francisco.
Goyal, who is now spending six days in Los Angeles and San Francisco, claimed that when PM Modi announced the “Startup India Initiative” in 2016, it recognised the expanding significance of innovation and the young talent experimenting with fresh concepts and finding new solutions.

According to him, India has a thriving startup environment, with many ideas being created in the comfortable surroundings of a sizable home market. However, it’s possible that the companies didn’t interact with the outside world as much as they could have. Silicon Valley is the ideal location for a concept to become worldwide, but we need more possibilities for Indian business ideas to reach the global market.
The minister continued, “The Government of India is playing the role of facilitator between Indian entrepreneurs and investors based in the US and acknowledges the necessity for international involvement.”