GET Stock QuotesNews18 APP
News18 English
»
1-min read

India Mulling Startups Exchanges With Germany, SAARC

To further develop the ecosystem for startups in India, the government is working on ways to step up the exchanges with startups from countries like Germany and in the South Asian region, Commerce Minister Nirmala Sitharaman said on Monday.

IANS

Updated:June 19, 2017, 11:30 PM IST
facebookTwittergoogleskypewhatsapp
India Mulling Startups Exchanges With Germany, SAARC
German Chancellor Angela Merkel interacts with Prime Minister Narendra Modi in Berlin, Germany on May 30, 2017. (Photo: Reuters/Hannibal Hanschke)
New Delhi: To further develop the ecosystem for startups in India, the government is working on ways to step up the exchanges with startups from countries like Germany and in the South Asian region, Commerce Minister Nirmala Sitharaman said on Monday.

"We have negotiated with Germany for an exchange of ideas with German startups under an existing arrangement between our countries," Sitharaman said here at the launch of the Startup India Hub online platform designed to be a single point of contact for the startup community.

"We are currently working on the modalities of how to exchange ideas with German startups, and hope to realise this within some months," she said.

The Minister said that given the complementarities among the South Asian nations, the government is actively considering a South Asian Association for Regional Coperation (Saarc) startups exchange programme.

"We are looking at organising a Saarc countries' meet for startups, where mutually beneficial ideas for innovation can be worked out... the inter-relationships and synergies can be worked out better because South Asian minds have similar thinking," Sitharaman said.

"We'll create the space for startups to interact, but the topics, format, who to invite etcetera have to be decided by the startups themeselves," she added.

Also Watch

Read full article
Most Active
Company Price Change %Gain
Indostar Capita 586.10 +14.10 +2.47
Maruti Suzuki 8,428.50 -82.45 -0.97
Ashok Leyland 134.30 -14.10 -9.50
ICICI Bank 289.30 +3.20 +1.12
Reliance 931.35 -2.50 -0.27
Company Price Change %Gain
Future Life 420.50 -16.75 -3.83
Indostar Capita 585.50 +13.50 +2.36
Ashok Leyland 134.30 -14.10 -9.50
UPL 681.70 -26.95 -3.80
GAIL 325.30 +4.25 +1.32
Top Gainers
Company Price Change %Gain
SBI 244.45 +5.60 +2.34
BPCL 393.85 +7.50 +1.94
Bharti Infratel 321.70 +5.55 +1.76
TCS 3,556.75 +54.70 +1.56
Coal India 270.25 +3.45 +1.29
Company Price Change %Gain
SBI 245.10 +5.90 +2.47
TCS 3,557.95 +55.60 +1.59
Coal India 269.75 +3.35 +1.26
ICICI Bank 289.65 +3.25 +1.13
ONGC 185.60 +0.55 +0.30
Top Losers
Company Price Change %Gain
Sun Pharma 443.75 -21.15 -4.55
Dr Reddys Labs 1,893.05 -88.95 -4.49
UPL 682.55 -26.90 -3.79
Yes Bank 334.15 -11.35 -3.29
Tata Motors 295.90 -8.70 -2.86
Company Price Change %Gain
Sun Pharma 443.80 -20.90 -4.50
Dr Reddys Labs 1,894.35 -83.70 -4.23
Yes Bank 334.15 -11.30 -3.27
Tata Motors 296.55 -8.70 -2.85
Tata Steel 576.90 -14.60 -2.47