PM Modi's Silicon Valley visit, a vote of confidence to investors, says Snapdeal COO

The Chief Operating Officer (COO) of Snapdeal Rohit Bansal has praised Prime Minister Narendra Modi's visit to the Silicon valley, and said that the visit will create trust and give a vote of confidence to investors wanting to invest in India.

"In the last so many years, so many companies from the Silicon Valley have invested so much in India and, it is great to see the Prime Minister of India coming here and acknowledge the investment. It would give a vote of confidence to everyone in the ecosystem here and create trust and confidence in investors," Bansal told ANI here.

"If you go back in time, the relationship between India and the U.S. has been a very longstanding one. So, many Indians, moved from India to the Silicon Valley, which resulted in the creation of the Silicon Valley," he added.

Earlier, Prime Minister Narendra Modi praised technological giants for reducing social barriers, saying that the internet connects people on the strength of human values, and not just identities.

"Social media is reducing social barriers. It connects people on the strength of human values and not just identities. Facebook, Twitter and Instagram are our new neighbourhoods," said Prime Minister Modi while speaking at the Digital India and Digital Technology Dinner held in the Silicon Valley here.