|| SHANIWAR SAMWAD || 18-03-2023

 The fall of Silicon Valley Bank indeed is giving sleepless nights to many around the world as money and the future is stuck in it.

The theories around its failure are going around with no finite solution available immediately to its customers. As the US government had refused to bail out the bank and its UK subsidiary being getting merged with HSBC for just pound 1.

The amount is not significant for the merger with HSBC but the money which is being stuck is a major concern.

As the bank had major business in the pharma and startup industry which is around 40% of its total business, the ecosystem for the startup sector is fully developed and giving solutions to them.

The real reason for this is said to be the continuous rate hike by FED, almost from zero to now 4.5% which is a historic hike in any context. 

The opportunity of this failure is a boon for us to develop our own ecosystem and divert the global startup sector to our shore by financing for the whole system to be developed and marketed from our country.

If we see our one friendly nation Israel has developed a whole system and made a win-win situation for themselves, it is a classic example of how private entrepreneurs and government can develop a product or a service for global customers

The present situation is a perfect base for this, already our government is listening to the startup and trying to give solutions. The IFSC center in Gujrat is helping these people with both domestic and foreign banks working there.

The opportunity is very conducive to developing the financial system to get the best talent available in the world to get their work done in our country.

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