After a lot of startups packed their bags to Silicon Valley and Singapore, now they are coming back to India after the Startup India Initiative, said Amitabh Kant, CEO, NITI Aayog.

Recently, he has been awarded 'The Best Policy Maker of The Year' by the Global Entrepreneurship Congress (GEC) council.

The GEC is underway in Turkey's Istanbul. The annual event is being attended by entrepreneurs, investors, policymakers and thought leaders from 170 countries.

In an interview, Amitabh Kant told CNBC-TV18 that the award is for the country as a whole, it is for all the entrepreneurs, all the startup initiatives that the country has taken.

"India has created an eco-system where we have been able to support young entrepreneurs, we have been able to support venture capitalist, we have been able to support angel investors," he said.

On angel investors:

"This is a completely new innovative area of growth and we have been able to find a solution for angel investors. Some of them feel that there are little bit if issues still left, we will discuss with them and we will definitely find a solution to the problems."

First Published:Apr 17, 2018 8:54 PM IST