Sitharaman pitches ‘spectrum of opportunities’
INDIAN finance minister Nirmala Sitharaman, who toured the US last week, has told the host country’s top corporate leaders that opportunities are galore in India for all investors and industry stakeholders with the reset in the global supply chain and a committed leadership in New Delhi.
Sitharaman reached New York on Friday (15) after visiting Washington DC where she took part in the annual meetings of the World Bank and International Monetary Fund.
‘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.
She said start-ups in India have seen tremendous growth and many of them are now raising money through capital markets. In 2021 itself, more than 16 of them will qualify as unicorns, she added. Sitharaman also said that India has fully leveraged its potential of digitisation even during the most challenging times.
The finance minister, who co-chaired the eighth ministerial meeting of the India-US Economic and Financial Partnership Dialogue in DC with US treasury secretary Janet Yellen, met a number of top chief executivesoftheUS,includingMastercardexecutive chairman Ajay Banga and chief executive officer Michael Miebach, FedEx Corporation president and chief operating officer Raj Subramanyam, Citi chief executive officer Jane Fraser and IBM chairman and chief executive officer Arvind Krishna, executive vice president and head of Prudential Financial, Inc’s International Businesses Scott Sleyster and Legatum chief investment officer Philip Vassiliou.
‘The initiatives and progress towards financial inclusion and digital transformation formed part of discussion,’the finance ministry tweeted about Sitharaman’s meeting with Banga.
Following his meeting with Sitharaman, Banga said India is on a ‘great pathway and trajectory’with its continuing reforms and he can see great momentum.