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Chinese Investors May Just Boost ‘Start-Up India’
China businessmen to invest in Indian start-ups
On Sunday, a significant number of Chinese investors offered to jointly provide funding of about $50 million to Indian start-ups during a technology summit.
Cyber Carrier, a Hong Kong-based Chinese internet enterprise that has set up a $30 million fund with primary focus on India, is set to make 10 more investments in India, after already investing in 10 companies since it was started late last year.
Jessica Wong, a Carrier partner, said that some of the investing delegates were eager on first grasping the Indian market, while others were keen on investing in the start-ups here. Wong said:
Around 35 Indian start-ups made pitches to a roomful of
investors, who had flown down from China. Participating in the summit, Aarin
Capital Partners and former Infosys director T V Mohandas Pai stated the
opportunities for investment in India were immense and added:
While India does not have a shortage of entrepreneurial
minds, access to capital is not very easy, mainly because of the complicated
regulatory structure. Hence, such initiatives are essential to boost the
start-up scene in the country, a view that overlaps with Prime Minister Narendra
Modi’s theme of “Startup India, Standup India” .
It also shows how China has proper differentiation of how to handle its foreign ties. Even though on the geo-political scene New Delhi and Beijing are not on cordial terms, it seems the Chinese are not reluctant to invest in India if it can make profit out of it.
With inputs from IANS.
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