<h1>Government Official Urges Global Investors to Back Startups in India's Smaller Cities; Highlights Regulatory Reforms and Opportunities.</h1> A government official urged global venture capital funds to invest in startups from Tier 2 and 3 cities in India, emphasizing the need to explore new sectors, protect intellectual property, and increase capital infusion. During a roundtable organized by the Department for Promotion of Industry and Internal Trade, over 75 investors from various countries participated, discussing the Indian startup ecosystem, regulatory updates, and investment opportunities. The official highlighted that 45% of India's 61,000 recognized startups are from smaller cities and noted the government's 49 regulatory reforms to ease business operations. The event was part of Startup India Innovation Week.