Immediate action by the government to help Indian startups in the aftermath of the Silicon Valley Bank (SVB) collapse ensured the “minor crisis did not adversely impact them”, Union Minister Ashwini Vaishnaw said on Monday. He also urged the entire startup community to think of the Indian banking sector as their trusted partner.
Global developers willing to collaborate with India: Vaishnaw speaking at the India Global Forum event, the minister said that “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.”
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