Opportunities galore in India, FM tells CEOS of major US companies

Opportunities are galore in India for all investors and industry stakeholders with the current reset in the global supply chain and clearheaded and committed leadership in the country, Finance Minister Nirmala Sitharaman has told CEOS of top American companies.

Sitharaman arrived here on Friday after her visit to Washington DC where she participated in the annual meetings of the World Bank and the International Monetary Fund. Sitharaman and US Treasury Secretary Janet Yellen also co-chaired the eighth ministerial meeting of the India-usa Economic and Financial Partnership Dialogue in Washington.

"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,” Sitharaman said during her address to global business leaders and investors at a roundtable organised by FICCI and the Usindia Strategic Partnership Forum on Saturday.

Start-ups in India have grown tremendously and many are now raising money through capital markets. This year itself, more than 16 of them will qualify as unicorns, she said.

Sitharaman also met Mastercard Executive Chairman Ajay Banga and Mastercard Chief Executive Officer Michael Miebach; Fedex Corporation President and Chief Operating Officer Raj Subramaniam; Citi CEO 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.

“START-UPS IN INDIA HAVE GROWN TREMENDOUSLY AND MANY ARE NOW RAISING MONEY THROUGH CAPITAL MARKETS” NIRMALA SITHARAMAN Finance Minister