Minister Chandrasekhar to meet Indian startups to see how govt can help them
As the collapse of Silicon Valley Bank (SVB) in the US left the Indian startup ecosystem worried, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Sunday said he will hold a meeting with the startup Founders and CEOs next week to see how the government can help them during the crisis.
The bank’s collapse is going to impact several startups in India which have exposure to its investments and have parked their funds in the bank.
“The @SVB_Financial closure is certainly disrupting startups across the world. Startups are an important part of #NewIndia Economy,” Chandrasekhar said in a tweet