Sitharaman's marathon meeting sessions with US businesses continues in NY

by IANS |

New York, Oct 17 (IANS) Finance Minister Nirmala Sitharaman's meetings with US businesses and institutions continued at a feverish pitch, including talks with two key investors asking them to broaden their world view and look at India for investment.

As part of this, Sitharaman on Saturday met Scott Sleyster, Executive Vice President and Chief Operating Officer of Prudential Financial and Philip Vassiliou, Chief Investment Officer, Legatum, in New York.

Her discussions with Sleyster revolved around the reforms towards capital bond market, investor charter and other initiatives.

The robust structural growth and continued interest of the company to invest in India formed part of the discussion with Vassiliou.

Earlier during the day, Sitharaman addressed global business leaders and investors at a Roundtable organised by USISPForum and Ficci India in New York.

"With the current reset in the global supply chain and clear headed and committed leadership in India, I see opportunities galore in India for all investors and industry stakeholders," she said at the Roundtable.

The Finance mInister also met Jane Fraser, CEO of Citi.

Fraser talked about the strength of India's economic recovery and how India will increasingly become an important destination of investment for multinational corporations looking to grow their operations.

Sitharaman held one-to-one meetings with Raj Subramanyam, CEO, FedEx; Ajay Banga, Executive Chairman, and Meibach Michael, CEO at Mastercard; and Arvind Krishna, Chairman and Chief Executive Officer, IBM.

The discussions revolved around getting more investment into India.

All the business leaders talked about the positive impact India's reforms, in particular the PLI schemes, will have on labour-intensive sectors in the country. IBM indicated its interest in India in the areas of hybrid cloud, automation, 5G, cybersecurity, data, and AI.

The recently launched initiative of National Infrastructure Master Plan, GatiShakti and India having the third largest start-up ecosystem and unicorn base formed part of discussion with Subramanyam.

Latest News
FIR against Omicron-positive S African national for fleeing Bengaluru Tue, Dec 07, 2021, 08:11 PM
Amicus Curiae to look into mosquito menace in Delhi Tue, Dec 07, 2021, 08:08 PM
Sand mafia in Punjab worth Rs 20,000 crore: Kejriwal Tue, Dec 07, 2021, 08:05 PM
Geospatial sector set to grow almost 14%, experts call for forward looking policy Tue, Dec 07, 2021, 08:03 PM
India is not one economy but aggregate of economies: Meenakshi Lekhi Tue, Dec 07, 2021, 08:00 PM
Verdict in 29 days: Death penalty to rape and murder convict Tue, Dec 07, 2021, 07:58 PM
Drugs worth over Rs 508 cr seized in Manipur, one Myanmarese held Tue, Dec 07, 2021, 07:56 PM
Action initiated to set up genome sequencing labs in Karnataka: Bommai Tue, Dec 07, 2021, 07:53 PM
Congress seeks probe into illegal construction at UNESCO-endorsed church Tue, Dec 07, 2021, 07:48 PM
Lawyer files complaint against JNUSU over Babri Masjid protest march Tue, Dec 07, 2021, 07:46 PM
KMC polls: No need for central forces, SEC tells Raj Bhawan Tue, Dec 07, 2021, 07:43 PM
Accused in fake certificate racket arrested in J&K Tue, Dec 07, 2021, 07:41 PM
Amarinder lashes out Congress over Maken's appointment Tue, Dec 07, 2021, 07:39 PM
Magician drives vehicle blindfolded to 'open Vijayan's eyes' Tue, Dec 07, 2021, 07:37 PM
Omicron positive doctor in Karnataka again tests Covid positive Tue, Dec 07, 2021, 07:35 PM