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BUSINESS
INDIA TO ROLL OUT RED CARPET FOR SILICON VALLEY CHIEFS
January 4, 2016
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1.Chief Executives of companies such as Google’s Sundar Pichai, Tesla’s Elon Musk and Apple’s Tim Cook, who met Prime Minister Narendra Modi in San Jose last September, are among the 2,000 startup invitees expected for unveiling the government’s Start Up India initiative on January 16.

2.Indian startups received $9 billion in funding in 2015, which is half the total amount they could raise in the five years preceding 2015

3.The government has had talks with venture capitalists and incubator firms, as well as start-ups and higher education institutions such as IITs and IIMs on the strategies that can be deployed to promote new business ventures and the regulations that can be eased to facilitate risk-taking.