Current Affairs - State - Discussion

The Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry and the Government of Goa hosted the annual #startupindia Global Venture Capital Summit in Goa. The theme of the Summit was: 'Mobilizing Global Capital for Innovation in India.' The International Finance Corporation (IFC), a sister organisation of the World Bank Group, Invest India and the Indian Private Equity and Venture Capital Association (IVCA) were the partners for this initiative. Participation came from around 100 funds from countries like United States of America, China, Japan, Hong Kong and Singapore. Government of Goa through its participation aims to make the state, one of the most preferred start-up destinations in India, and one of the top25 start-up destinations in Asia by 2025.