SVB: Minister of State for IT Chandrashekhar will assess the impact of the collapse of the big bank
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Chandrasekhar tweeted on Sunday, “The closure of SVB will definitely be a problem for startups around the world. Startups are an important part of the New India economy.
New Delhi. Minister of State for Electronics and IT Rajeev Chandrasekhar will meet people in the startup sector this week to gauge the impact of the bankruptcy of Silicon Valley Bank, closely associated with the technology startup ecosystem. Chandrasekhar tweeted on Sunday, “The closure of SVB will definitely be a problem for startups around the world. Startups are an important part of the New India economy.
I will be meeting people from Indian startups this week to assess its impact and try to find out how the Narendra Modi government can help them in this time of crisis. Software service providers operating in the US, mostly Indian startups and companies associated with incubator Y Combinator, will be affected. However, industry people and experts believe that this effect will not last long.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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