Finance Minister Nirmala Sitharaman welcomes US companies investment in India

Finance Minister Nirmala Sitharaman welcomed US company's investment and partnership with India, particularly in the manufacturing and infrastructure sectors, during a virtual discussion with US-India Strategic Partnership Forum’s (USISPF) Board of Directors on the sidelines of its 3rd Annual Leadership Summit.

According to a statement issued by the USISPF, the Finance Minister's discussions with board members have focused on the ease of doing business in India; Digitization and fintech; agriculture (including agricultural infrastructure), and private sector participation in all sectors of the Indian economy.

Skills development; Health care; The government's COVID-19 mitigation measures and possible future course of action; The role of public spending in the infrastructure sector in the coming years. And there is also talk of manufacturing in India (with a special emphasis on the logistics sector in India). 

India continues to be a leading investment destination for US companies, attracting more than $ 20 billion in investment in 2020. 

The United States and India are important strategic partners in various fields, including economic and financial. The statement added that the economic and financial partnership between the United States and India is based on the basic pillars of the development of both countries, which include strong capital flows and economic cooperation on issues of global importance. 

Attendees at the meeting included: USISPF Chairman John Chambers; Ajay Banga, CEO of Mastercard; Charles Kaye, CEO of Warburg Pincus; Anish Shah, Group Deputy CEO and CFO, Mahindra; Adobe Shantanu Narayen, Chairman, President and CEO; Robert Moritz, Chairman PwC; Punit Renjen, CEO, Deloitte Global; Jim Umpleby, Caterpillar President, and CEO is among 500 other leaders.

USISPF President and CEO Dr. Mukesh Aghi said: “We believe that investments by US companies will create new jobs, facilitate financial inclusion and broad-based economic development for the Indian economy.

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