Sitharaman meets US investors, asks to invest in India
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Finance Minister Nirmala Sitharaman has met key US CEOs of major industries and tabled the idea of investing in India at the 4th G20 Finance Ministers and Central Bank Governors (FCMBG) Meeting under G20 in Washington DC.
As part of her US visit, Sitharaman met Curtis L. Buser, Chief Financial Officer, Carlyle in Washington D.C. she promoted the government's initiatives towards business reforms like creation of institutional framework in CBM, NMP, work towards Investment Charter & a spectrum of opportunities at IFSC, GIFT City Gujarat.
Later in the day, the FM also addressed the Roundtable organised by USIBC and FollowCII in Washington D.C., US. It was attended by CEOs and business leaders from insurance, private equity, technology, energy and pharma sectors amongst others, shot reportedly expressed great interest in scaling up investments in India.
On the subject of climate change, Sitharaman advocated for the concept of 'climate justice' whereby failure in fulfilling existing international commitments on climate finance and technology weakens our collective efforts. The FM asked for climate justice to guide further discussions.To enhance Indian R&D, innovation and manufacturing in the aerospace sector, the finance minister met with B. Marc Allen, Chief Strategy Officer, Boeing.
She also met Milind Pant, CEO, Amway and Stanley C. Erck, CEO, Novavax. The Minister mentioned that ensuring equitable vaccines for all is a significant challenge and keeping up the support, building resilience, enhancing productivity and structural reforms should be our policy goals.