The partnership between India and the Indian diaspora all over the world will truly help us fast-track India’s journey to being a developed nation. He was interacting with media in Los Angeles today, the last day of his visit to the US said Piyush Goyal Indian Minister for Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles today while having interactions he US with business persons and investors from the Indian community.

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He said that they had shared their experiences and given a lot of suggestions which served as food for thought. Goyal expressed confidence that they would be stakeholders in India’s growth story with a sense of duty in giving back to their motherland. Members of the diaspora are generally very successful in their chosen profession. Each one of them has made a mark in the society and economy of the United States, he said.

Responding to a query, the Minister said that there were a number of suggestions relating to some role that the government could play in connecting ideas and entrepreneurs from the US to stakeholders in India. The Minister explained that India already had two initiatives, Invest India which handholds investors from around the world, and a very vibrant Start Up India team which supports start-ups in India, helping them connect with investors in India and abroad and setting up incubators, accelerators, training and skilling facilities.

Pointing out that the start-up initiative he had launched in Palo Alto—SETU held tremendous potential, the Minister expressed confidence that once the idea gathered steam across sectors, it will definitely help us mentor and support start-ups even in tier 2 and 3 cities and remote areas. We have many young people with bright ideas on ways to make life easier for the common man. I am sure this SETU will help them by connecting entrepreneurs and ideas with investors, he said.

Earlier in the day, he visited Shree Swaminarayan temple in Los Angeles and interacted with the business community of southern California.

The Minister concluded his US visit with a meeting with Venture Capitalists and representatives of Singularity University in San Francisco.

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