Piyush Goyal says, "We should not be overly dependent on foreign venture capital"; Urges local funds like pension & insurance to invest in startups

Piyush Goyal encourages Indian startups to rely more on domestic funds, aiming to create a stable ecosystem independent of foreign venture capital. He highlights the potential of long-term investments from local sources like pensions and insurance.

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Startup Pedia
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Sources: Startup Pedia
Union Minister Piyush Goyal called on Indian startups to prioritize local funding sources over foreign investment during a recent address, advocating for the participation of domestic funds like pensions and insurance in the venture market.
"I asked my team to look at the regulatory framework so that long-term domestic funds—like pension and insurance—can participate in venture investments. We should not be overly dependent on foreign venture capital," Goyal stated.
He asserted that India possesses the depth and savings necessary to cultivate a self-sufficient pool of patient capital for startups, emphasizing the impending decade’s focus on sustainable growth over short-term gains.
“We don’t make knee-jerk changes; we believe in stability and predictability,” the minister added, underscoring the government's commitment to reducing the dependency on foreign capital and fostering a more robust ecosystem supported by Indian savings.
Sources: Startup Pedia
Union Minister Piyush Goyal urged Indian startups to increase reliance on domestic funds such as pensions and insurance, rather than foreign venture capital. He emphasized the need for a robust startup ecosystem and the importance of building a pool of patient capital driven by long-term growth intentions.
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Key Facts
  • Piyush Goyal has asked Indian startups to rely more on local funds like pension and insurance money instead of foreign investors to build a strong and steady startup ecosystem.Startup Pedia
  • During his address, he stated, "I asked my team to look at the regulatory framework so that long-term domestic funds—like pension and insurance—can participate in venture investments. We should not be overly dependent on foreign venture capital."Startup Pedia
  • He further added, "India has the depth and savings to create its own pool of patient capital. The next decade will be about patient capital—investors who believe in India’s structural growth rather than chasing short-term returns."Startup Pedia
  • Encouraging local funding would help young entrepreneurs in smaller towns get access to more stable and long-term money, according to Minister Goyal.
  • Minister Goyal stated the government aims to make the startup ecosystem less dependent on foreign capital and more focused on Indian savings.Startup Pedia
  • He concluded, "We don’t make knee-jerk changes; we believe in stability and predictability."Startup Pedia
Union Minister Piyush Goyal has asked Indian startups to rely more on local funds like pension and insurance money instead of foreign investors to build a strong and steady startup ecosystem.
Startup Pedia
Startup Pedia
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