FM Nirmala Sitharaman invites businesses to invest in India


Our Bureau

Washington, WA

Union Finance Minister Nirmala Sitharaman, who is on a week-long trip to US, urged American businesses to invest in the country. Today was the first day of her official visit to US to attend World Bank – IMF spring meetings and G20.

Addressing a business roundtable organized by US India Business Council, with representatives of top US companies, the finance minister said India, under the current government, is creating opportunities for global industry to participate in the nation’s growth story.

Atul Keshap, USIBC president, said, “We have seen some great achievement on the liberalization agenda during her tenure—our members are optimistic that continued momentum can yield more concrete results in the ease of doing business and improving India’s investment environment and deal flow that can help boost India’s GDP and the well-being of all of its people.”

Highlighting the impact of digitalization and economic formalization at length, Sitharaman said that due to its achievements in transitioning to digital payments and integrating the informal sector, India meets the requirements of a fair and transparent economy.

She invited the investor community to make the most of the opportunities that India has to offer, now and going forward.

In his remarks, Indian Ambassador to the US, Taranjit Singh Sandhu said as the President of G20, India is committed to multi-stakeholder engagement. “We are trying to be a voice not only for the people who are in the room, but those who are outside of it. G20 is touching all stakeholders,” he said.

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