The government could consider policies to enable insurance companies like LIC and pension funds to invest in start-ups and boost the entire ecosystem.
Speaking at the India Economic Summit 2016 on Friday, Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek said: “LIC and pension funds must step in (in the start-up segment).
“EPFO had recently taken steps to increase their exposure in stock markets. So definitely, their money needs to be leveraged (for start-ups).”
Abhishek’s statement came in response to comments by Seedfund India managing partner Mahesh Murthy that large insurance firms invest mainly in stock but not in start-ups.
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen