Finance Minister Nirmala Sitharaman invites US investors to join India’s growth story


India’s Finance Minister Nirmala Sitharaman attended a roundtable with business leaders and investors co-hosted by the US-India Business Council (USIBC) and Confederation of Indian Industry (CII) in the Silicon Valley, and invited the leading investors to become a part of India’s growth story.

Senior executives, business leaders of private sector firms, venture capitalists and institutional investors who represented combined assets under management of over $1 trillion, attended the meeting with Sitharaman.

In the meeting with clean energy sector investors, the minister discussed topics pertaining to India’s potential for producing sustainable energy, waste-to-energy, and energy alternatives.

The minister told the investors that in the next few years, India is prepared to be the world’s fastest-growing major economy.

USIBC president Atul Keshap moderated the meeting while India’s Chief Economic Advisor V Ananth Nageswaran, India’s Ambassador to the US Taranjit Singh Sandhu, along with other senior officials attended the roundtable.

Sandhu tweeted: “Where technology and capital converge! Excellent exchange of ideas at @USIBC @FollowCII #fintech roundtable w FM @nsitharaman in #SiliconValley. Friends from industry deliberated on opportunities that #India’s fast digital journey & reforms offer to VCs, funds & asset managers.”

After a roundtable with the members of the semiconductor industry, the finance minister visited Applied Materials, Maydan Technology Center, located in Silicon Valley, to observe research in the field of semiconductors.

Earlier, the finance minister also met with World Bank President David Malpass in Washington DC on Friday, discussing important economic issues, India’s continued recovery from the Covid-19 pandemic, and the impact of the Russia-Ukraine conflict.