Invest India Round Table Addressed Key Concerns for Startups in Pharma, NBFCs, automobile and Retail

Union Commerce Minister Suresh Prabhu chaired a round-table of Invest India in New Delhi.

The participants in the discussion discussed a range of issues, including those faced by start-ups in the sectors of e-pharmacy, NBFCs, unmanned aerial vehicle and retail delivery of petroleum from door to door, etc.

Concerned Ministries and departments of the Government took part in the discussion in the presence of the Prabhu.

Issues like presence of pharmacist at e-pharmacy platforms, stream lining of the application process for NBFCs by RBI, reforms in current guidelines for UAV sector, which doesn’t allow for manufacturing of drones, and vehicle specifications for door to door retail delivery of petroleum, were discussed at length.

Secretary, DIPP Ramesh Abhishek, Deepak Bagala MD and CEO of Invest India and officers from RBI, SEBI, Ministry of Petroleum and Natural Gas, Ministry of Health and Family Welfare, Drugs Controller General OF India (DGCI), Ministry of Finance, Department of Economic Affairs, Ministry of Civil Aviation and DGCA were present at the round-table.

The Minister said that the round-table is a self-evaluation exercise to encourage the talent pool in India who are doing phenomenal work through their start-ups for the growth of the economy and the country.