Finance Minister Nirmala Sitharaman on Tuesday highlighted “significant reforms” undertaken by the government, including the National Monetization Pipeline (NMP) and the National Infrastructure Pipeline (NIP) as she met with institutional investors in the United States.
Sitharaman arrived in the United States on Monday for a week-long trip to attend the annual meeting of the World Bank and the IMF in Washington as well as the meeting of G20 finance ministers and central bank governors (FMCBG). During the official visit to the United States, Sitharaman is expected to meet with US Treasury Secretary Janet Yellen.
After arriving in New York, Sitharaman traveled to Boston where she met investors at a panel discussion hosted by the FICCI and the US-India Strategic Partnership Forum (USISPF). Tuesday’s roundtable brought together institutional investors from a wide range of industries, including software, consulting, financial advice, insurance, telecommunications hardware and investment management.
“The FM highlighted important reforms, including the establishment of #IFSC in #GiftCity, #NIP and #NMP. US companies have welcomed the reforms and initiatives undertaken by the Indian government and pledged to work with it to increase foreign investment in India, the finance ministry said in a tweet.
After the roundtable, Sitharaman had one-on-one discussions with senior executives. Advent International Corporation President and Managing Partner David Mussafer said after his meeting with Sitharaman that the reforms that have taken place in India are a big step forward. the system. The opportunity to invest more in India really hinges on some of the reforms that have been made, “Mussafer said.
He added that some of the insolvency arrangements that create opportunities for companies to invest and bring to life new opportunities that have experienced difficulty are essential for the type of things we are looking for and so we are incredibly excited about some of the reforms that have passed.