Govt calls for a roundtable to explore issues faced by startups-NBFCs

New Delhi, Mar 24 (KNN) Eyeing at exploring the various complications faced by the startups of different sectors and the Non Banking Financial Companies (NBFCs), the government called for a roundtable with the stakeholders and other departmental officials.

Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu chaired the roundtable of Invest India in the national capital.

A release from the ministry informed about the meeting.

Various regulatory issues faced by Startups in the sectors of e-pharmacy, NBFCs, unmanned aerial vehicle and retail delivery of petroleum from door to door were discussed with the concerned Ministries and departments of the Government of India in the presence of the Minister.

Following issues like presence of pharmacist at e-pharmacy platforms, stream lining of the application process for NBFCs by RBI, reforms in current guidelines for UAV sector, which doesn’t allow for manufacturing of drones, and vehicle specifications for door to door retail delivery of petroleum, were discussed at length.

Speaking post meeting, Commerce Minister Prabhu said that the roundtable is a self-evaluation exercise to encourage the talent pool in India who are doing phenomenal work through their Startups for the growth of the economy and the country.

Officials including Secretary, DIPP Ramesh Abhishek, Deepak Bagala MD and CEO of Invest India and officers from RBI, SEBI, Ministry of Petroleum and Natural Gas, Ministry of Health and Family Welfare, Drugs Controller General OF India (DGCI), Ministry of Finance, Department of Economic Affairs, Ministry of Civil Aviation and DGCA were present at the roundtable. (KNN/DA)