India offers range of opportunities, FM Nirmala Sitharaman tells top American CEOs
The participating corporate leaders expressed a strong desire to expand their investments in India.
Finance Minister Nirmala Sitharaman addressed executives of leading American corporations that India provides a wide range of prospects, as she met with them and briefed them on the Indian government’s flagship programmes under the Atma Nirbhar Bharat.
Sitharaman is in Washington, D.C., for the annual meetings of the World Bank and the International Monetary Fund.
She has been meeting with a number of top American CEOs who have a presence in India and are interested in capitalising on the country’s investment prospects.
The focus of conversation in her meeting with Amway CEO Milind Pant was on research and development, factory automation, innovation, and the nutrition segment, according to the ministry.
During her discussion, the finance minister cited initiatives like as the National Monetisation Pipeline, which recently launched the National Infrastructure Master Plan, and a range of prospects at GIFT City in Gujarat.
The minister emphasised the company’s presence and success in India since 1998, as well as its willingness to invest in the next years.
Skilling, research and development, manufacturing automation, innovation, and the aerospace sector were all discussed during her meeting with B Marc Allen, Boeing’s Chief Strategy Officer.
She emphasised Boeing’s involvement in the Make in India and Atma Nirbhar Bharat projects, as well as the company’s desire to invest in the future.
Sitharaman highlighted major Indian endeavours toward healthcare reforms such research and development in medical science, health and well-being, and the rising potential at GIFT City in Gujarat with Stanley Erck, CEO of Novavax.
The members of the prominent US India Business Council complimented India’s reform trajectory and expressed confidence in the country’s developing economy.
“We commended her reform trajectory and discussed the new potential to improve business connections between the United States and India,” the USIBC said after hosting the visiting finance minister for an interactive session alongside the CII.
The business executives praised the minister for laying out the goal for future growth and congratulated the Indian government on managing the economy through the Covid-19 pandemic.
According to the report, the participating corporate leaders expressed a strong desire to expand their investments in India.
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