Nasdaq can play an important role in increasing the participation of global investors in India: Officials.

(Lalit K. Jha)

San Francisco, November 15 (Language) A top Nasdaq official has said that the US stock market can play an important role in bringing much-needed investment from global investors to India.

Nasdaq Executive Vice Chairman Edward Knight said in an interview with PTI that India currently has “over 200 very large startup companies that could be listed in the future”…something not seen anywhere else in the world. Is.

NASDAQ (National Association of Securities Dealers Automated Quotation) is a stock exchange. Some of the world’s biggest technology companies like Apple, Microsoft and Amazon are listed in it. It is one of the oldest and second largest stock exchanges in the world by market capitalization after the New York Stock Exchange (NYSE).

Knight said India has “a strong legal system … very strong universities, and all of this has allowed early-stage companies to generate and continue to innovate and innovate.”

But “you need capital, and India’s capital needs are increasing with its success,” he said.

“For startup companies, you need capital,” Knight said. So from Nasdaq’s perspective, we feel we can provide direct access to global investors into the Indian economy and bring more capital into India.”

He said Union Finance Minister Nirmala Sitharaman has already talked about making rules that will allow Indian companies to be listed in the US.

The Nasdaq official said clearly the focus now is on India as it has become more difficult to invest in China.

“Growth and jobs are important for both countries,” he said. This is often only possible with early-stage, high-growth companies. The conditions for those companies to be built and for them to be successful are sometimes difficult… We have them in America in Silicon Valley. Some parts of India have it, but we want to broaden that opportunity and learn from each other.”

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