Piyush Goyal discusses investment avenues with existing and potential US investors
New York: Commerce and Industry Minister Piyush Goyal chaired a roundtable discussion with young CEOs and entrepreneurs of Indian origin in New York organised by the Consulate General of India to discuss the business landscape of India and provide suggestions for reforms.
Highlighting various reforms in India over the last decade, Minister Goyal invited American companies to leverage “India’s unmatched scale and take advantage of the ‘Make in India’ initiative, particularly in high-tech manufacturing and quality production.”
Goyal also held one-on-one meetings with several CEOs discussing new areas of collaboration, particularly in advanced manufacturing, pharmaceuticals, robotics, artificial intelligence, and sustainable technologies.
He met Amneal Pharmaceuticals’ Co-CEO Chintu Patel and President & Co-CEO Chirag Patel.
They explored ways to enhance India’s pharmaceutical ecosystem for high-end R&D, including biologics, and improved manufacturing capabilities to establish a robust global supply chain, the press release said.
Held a meeting with Mr. Chintu Patel, Co-CEO and Mr. Chirag Patel, President & Co-CEO of @AmnealPharma, a global pharmaceutical company having presence across 5 locations in India.
— Piyush Goyal (@PiyushGoyal) September 30, 2024
Explored ways to further leverage India’s existing pharma ecosystem for high-end R&D including… pic.twitter.com/bgoLnnY9Qj
The minister also held a meeting with Henry R. Kravis, Co-Founder & Co-Executive Chairman of Kohlberg Kravis Roberts & Co. (KKR).
It was a pleasure to meet Mr. Henry R. Kravis, Co-Founder & Co-Executive Chairman of global investment firm Kohlberg Kravis Roberts & Co. (KKR).
— Piyush Goyal (@PiyushGoyal) September 30, 2024
Emphasised the potential investment avenues for the firm in India's electronics manufacturing, data infrastructure and logistics… pic.twitter.com/0KGbPdjYSj
Minister Goyal highlighted potential investment opportunities in India's electronics manufacturing, data infrastructure, and logistics sectors.
He underscored the consistent economic growth in India over the past decade and the vast consumer market, which present numerous opportunities for strategic investments.
In his meeting with Blackstone CEO Stephen Schwarzman, Minister Goyal noted that the company has already invested about USD 50 billion in India and is one of the largest commercial and real estate investors in India.
Held a fruitful discussion with Mr. Stephen A. Schwarzman, Chairman, CEO & Co-Founder of leading global investment firm @Blackstone.
— Piyush Goyal (@PiyushGoyal) September 30, 2024
Discussed the company's future investment plans as India continues its exponential growth trajectory. Invited them to explore opportunities in… pic.twitter.com/kd55rDKcTj
The Union minister highlighted the potential for infrastructure development in India, wherein the emphasis of the government is to develop quality infrastructure in the country for improving living standards, making it easier to do business and reducing logistics costs.
The president of Warburg Pincus, Timothy F. Geithner also called on the minister for a one-on-one discussion that covered various areas where there is scope for further improving the ease of doing business.
Met with Mr. Timothy F. Geithner, Chairman of the global private equity firm Warburg Pincus.
— Piyush Goyal (@PiyushGoyal) September 30, 2024
We discussed the efforts made by our government under PM @NarendraModi ji to facilitate business entry, ease of doing business, implement single-window clearances, and develop industrial… pic.twitter.com/jnELsPS1Lb
He will continue with his meetings with the business community in New York on day-2 of his visit before he proceeds for the bilateral meetings in Washington DC.
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