Opportunities Galore For Investors In India: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has mentioned that there are alternatives galore for world buyers

Opportunities galore are there in India for all buyers and trade stakeholders with the present reset within the world provide chain and clear headed and dedicated management within the nation, Finance Minister Nirmala Sitharaman has mentioned.

Ms Sitharaman arrived in New York late on Friday after her go to to Washington DC the place she participated within the annual conferences of the World Bank and the International Monetary Fund (IMF).

"With the current reset in the global supply chain and clear headed and committed leadership in India, I see opportunities galore in India for all investors and industry stakeholders,” Ms Sitharaman said during her address to global business leaders and investors at a roundtable organised here by industry chamber FICCI and the US-India Strategic Partnership Forum here on Saturday.

Startups in India have grown tremendously and many are now raising money through capital markets. This year itself, more than 16 of them will qualify as unicorns, she said.

India has fully leveraged the potential of digitisation even during the most challenging times, the finance minister said.

The role of technology in the financial sector is enabling pushing the frontier of financial inclusion and fintechs are playing a key role in this area, she said at the roundtable, the Finance Ministry tweeted.

Ms Sitharaman also met Mastercard Executive Chairman Ajay Banga and Mastercard CEO Michael Miebach, FedEx Corporation President and Chief Operating Officer Raj Subramaniam, Citi CEO Jane Fraser and IBM Chairman and Chief Executive Officer Arvind Krishna.

Following his meeting with Ms Sitharaman, Mr Banga said India is on a “great pathway and trajectory” with its continuing reforms and he can see great momentum.

"I'm significantly impressed by the manufacturing linked incentives which have been put into place,” he mentioned, including that they'll make an enormous distinction to the way in which that labour intensive industries in India can develop.

“I am very hopeful that it's not just one reform but the series of reforms that are continuing can keep guiding India on the trajectory. I believe that there is a lot of opportunity for India to participate in supply chains and this can be very helpful over the next period of years to bring good jobs into India,” Mr Banga mentioned, asserting that he's “constructively optimistic” about what India is doing.