Mumbai, 07 July, 2023: The Bombay Chamber of Commerce & Industry, in collaboration with Depository Partner, CDSL, organised the first PE&VC Conclave on the theme “Creating a Vibrant Private Market.” The event, held under the aegis of the PE&VC Committee, aimed to address the challenges and opportunities in India’s private market landscape. The conclave shed light on the challenges facing the private market, including the need for a clear regulatory framework, tax parity for international private capital investing, and onshoring of offshore investments. It also emphasised the responsibility of industry players to exercise better corporate governance and collaborate with policymakers and regulators to create a more vibrant and attractive segment that powers India’s growth.
Welcoming the audience, Sandeep Khosla, Director General, Bombay Chamber, highlighted the Chamber’s commitment to facilitating effective communication between regulatory bodies, corporates, and society, as well as its dedication to fostering a conducive environment for trade and industry in Mumbai and India.
Anjali Bansal, Past President, Bombay Chamber and Founding Partner, Avaana Capital, set the theme for the event with her insightful remarks. She highlighted India’s vibrant startup ecosystem, rapid growth in the AIF regime, and the country’s aspiration to become a 20 trillion-dollar economy. Bansal acknowledged the instrumental role played by the government in promoting entrepreneurship through policies such as Startup India and Digital India, which have contributed to the remarkable growth of the startup ecosystem.
Addressing the audience, Nehal Vora, Managing Director & CEO of CDSL, spoke about the key building blocks for the growth of PE&VC investments and startups in the Indian market. He emphasised the importance of corporate governance and building trust to create valuation for both investors and companies. Vora highlighted the transformative reforms in the Indian capital markets, such as the shift to online trading, dematerialisation, and the establishment of robust market infrastructure institutions. He commended SEBI’s vision in creating a digital platform that fosters trust and enables widespread participation in the capital markets.