Banking must support innovation for success of Make in India
The Dollar Business Bureau “Banking and Innovation are the two pillars on which, Indian economy can thrive provided a proper strategy is developed that fosters a climate of co-operation between innovators, investors and entrepreneurs,” said Pranab Mukherjee, President of India. He was speaking at a programme on the “Roundtable on financing of Innovations with Leaders of Banking and Financial sectors.” The President said that though the government has taken several initiatives to encourage innovations and start-ups that will help generate jobs and overcome poverty, there are challenges to overcome still, as ingenious youth both in rural and urban areas are yet to be adequately met by the banking sector. Stating that the banking system in addition to financing can ...
