{"id":97508,"date":"2023-03-27T14:20:00","date_gmt":"2023-03-27T08:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=97508"},"modified":"2023-03-27T14:16:43","modified_gmt":"2023-03-27T08:46:43","slug":"biz-india-global-forum-vaishnaw","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-india-global-forum-vaishnaw\/","title":{"rendered":"Govt&#8217;s immediate steps ensured Indian startups were not adversely impacted by SVB crisis: Ashwini Vaishnaw"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3536993349\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Immediate action by the government to help Indian startups in the aftermath of Silicon Valley Bank (SVB) collapse ensured they were not adversely impacted by the &#8220;minor crisis&#8221;, Union Minister Ashwini Vaishnaw said on Monday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3838636367\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>He also exhorted the entire startup community to think of the Indian banking sector as their trusted partner.<\/p><p>Vaishnaw, Minister for IT and Communications, also noted the rapid strides taken by India in areas of Artificial Intelligence (AI) and quantum computing.<\/p><p>Speaking at India Global Forum event, the Minister said while there was a time when India was only seen as a consumer of technology, today &#8220;many global developers like to have Indian start ups, entrepreneurs and academicians as their partners, as technology gets developed&#8221;.<\/p><div class=\"trade-content_5\" id=\"trade-1745738155\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;&#8230; In these two technologies, we would like use of Indian talent for developing solutions for India and for the world,&#8221; he said.<\/p><p>To a question on whether India can produce something equivant to ChatGPT, the Minister said &#8220;wait for a few weeks there will be a big announcement.&#8221; The Minister said it is important for global economy to have trusted partner like India.<\/p><p>All over the world there is a sense that India should emerge as a key semiconductor manufacturing destination, Vaishnaw said adding that Government is working &#8220;sincerely and diligently&#8221; to ensure a vibrant semiconductor ecosystem comes up in the country.<\/p><p>The Minister further said that after the SVB collapse, the government swung into action to handhold Indian start ups that had funds or deposits in the bank.<\/p><p>&#8220;How we responded to that minor crisis is that we immediately engaged with entire start up community and made sure that whatever deposits they wanted to shift to Indian banks&#8230; the entire process was flawlessly executed by collaboration between different arms of Government,&#8221; he said.<\/p><p>Not a single start up was adversely effected by the &#8220;minor crisis&#8221;, the Minister said describing Indian banking sector as resilient and with healthy balancesheet.<\/p><div class=\"trade-content-10\" id=\"trade-1909598038\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;We have requested all the start ups, don&#8217;t think about putting your funds in any bank anywhere&#8230;put your funds in India. And I will request all the Global start up community also, think of India as your trusted banking sector,&#8221; he said.<\/p><p>Vaishnaw exhorted global entrepreneurs and innovators across sectors to leverage the India edge to develop trusted technology for the country, and for the world.<\/p><p>Vaishnaw said the India&#8217;s 4G\/5G stack had shown outstanding results, during testing.<\/p><p>&#8220;The roll out has started. From coming September we will be rolling 300 sites a day of this India&#8217;s own telecom technology stack,&#8221; he said. PTI MBI RAM DRR<\/p><div class=\"trade-after-content\" id=\"trade-2070757394\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Immediate action by the government to help Indian startups in the aftermath of Silicon Valley Bank (SVB) collapse ensured they were not adversely impacted by the &#8220;minor crisis&#8221;, Union Minister Ashwini Vaishnaw said on Monday. He also exhorted the entire startup community to think of the Indian banking sector as their trusted partner. Vaishnaw, Minister [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":94749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-97508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt&#039;s immediate steps ensured Indian startups were not adversely impacted by SVB crisis: Ashwini Vaishnaw - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Immediate action by the government to help Indian startups in the aftermath of Silicon Valley Bank (SVB) collapse ensured they were not adversely impacted by the &quot;minor crisis&quot;, Union Minister Ashwini Vaishnaw said on Monday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=97508\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt&#039;s immediate steps ensured Indian startups were not adversely impacted by SVB crisis: Ashwini Vaishnaw\" \/>\n<meta property=\"og:description\" content=\"Immediate action by the government to help Indian startups in the aftermath of Silicon Valley Bank (SVB) collapse ensured they were not adversely impacted by the &quot;minor crisis&quot;, Union Minister Ashwini Vaishnaw said on Monday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=97508\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-27T08:50:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/sillicon-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/sillicon-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=97508\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=97508\",\"name\":\"Govt's immediate steps ensured Indian startups were not adversely impacted by SVB crisis: Ashwini Vaishnaw - 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