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Piyush Goyal promotes India’s investment potential in US CEO roundtable
Throughout the day, Goyal also held several one-on-one meetings with prominent U.S. business leaders, focusing on strategic collaboration in advanced manufacturing, pharmaceuticals, robotics, artificial intelligence, and sustainable technologies.
Minister Goyal chaired a roundtable discussion with young CEOs and entrepreneurs of Indian origin in New York. / X/@piyushgoyal
India’s Commerce and Industry Minister, Piyush Goyal, kicked off his four-day visit to the United States on Sep. 30, 2024, with a strong focus on fostering investment ties. Engaging with both existing and potential U.S. investors, Goyal highlighted key opportunities for cooperation across various sectors, positioning India as a favorable investment destination.
On the first day of his visit, Minister Goyal chaired a roundtable discussion with young CEOs and entrepreneurs of Indian origin in New York. The event, organized by the Consulate General of India, provided a platform for the entrepreneurs to share their perspectives on India’s evolving business environment and propose areas for reform.
Goyal used the occasion to underscore the "transformative reforms" initiated under the leadership of Prime Minister Narendra Modi, which have spurred India’s rapid growth in the last decade. He urged American companies to capitalize on India’s large-scale opportunities, particularly in high-tech manufacturing and production under the "Make in India" initiative.
Goyal also held several one-on-one meetings with prominent U.S. business leaders, focusing on strategic collaboration in advanced manufacturing, pharmaceuticals, robotics, artificial intelligence, and sustainable technologies.
Piyush Goyal with Henry R. Kravis, Co-Founder & Co-Executive Chairman of global investment firm Kohlberg Kravis Roberts & Co. (KKR). / X/@piyushgoyalDuring a meeting with Amneal Pharmaceuticals executives, Co-CEO Chintu Patel and President & Co-ceo Chirag Patel, discussions centered on enhancing India’s pharmaceutical sector through high-end research and development, especially in biologics, and bolstering manufacturing capabilities for a robust global supply chain.
Minister Goyal also had a productive session with Henry R. Kravis, co-founder and co-executive chairman of Kohlberg Kravis Roberts & Co. (KKR). He highlighted significant investment opportunities in India’s electronics manufacturing, data infrastructure, and logistics sectors. Goyal emphasized India’s decade-long economic growth and its vast consumer base, presenting a compelling case for strategic investments.
Piyush Goyal addressing the audience. / X/@piyushgiyal
In a meeting with Stephen Schwarzman, CEO of Blackstone, Goyal noted Blackstone’s substantial investments in India, which total approximately USD 50 billion. Discussions centered on India’s infrastructure development, a critical focus area for the Indian government, which aims to create quality infrastructure to enhance living standards, streamline business processes, and reduce logistics costs.
Minister Goyal also engaged with Timothy F. Geithner, president of Warburg Pincus, in a one-on-one meeting. They explored ways to further ease the business environment in India, reinforcing Goyal’s message that India remains committed to creating a conducive investment climate.
Piyush Goyal with Stephen A. Schwarzman, Chairman, CEO & Co-Founder of leading global investment firm Blackstone. / X/@piyushgoyalThe day concluded with an interview conducted by CNBC Global Markets reporter Seema Mody on emerging opportunities in India and the strong economic ties between India and the United States.
The minister’s visit signifies the deepening of economic relations between the two nations, with a clear focus on facilitating investment and cooperation for mutual growth. He is set to continue his engagements with the business community in New York on the second day of his visit before proceeding to Washington D.C. for bilateral meetings.
Great discussions with Young CEOs & Entrepreneurs of Indian Origin in New York. Highlighted how key reforms under PM @NarendraModi ji's leadership have driven India's growth over the last decade, offering unmatched opportunities for businesses.
— Piyush Goyal (@PiyushGoyal) September 30, 2024
Invited American companies with… pic.twitter.com/xaLbWB2KA6
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