iNDICA NEWS BUREAU-
Finance Minister of India, Nirmala Sitharaman, met with a delegation from the US International Development Finance Corporation (DFC) in Delhi to strengthen economic cooperation between India and the US and look at investment opportunities in India.
Deputy Chief Executive Officer Nisha Biswal headed the U.S. International DFC delegation that included U.S. Ambassador to India Eric Garcetti and Assistant U.S. Trade Representative for South and Central Asia Brendan Lynch. The discussions were centered on strengthening economic cooperation between India and the U.S., with a particular focus on investment opportunities in India, said a Ministry of Finance statement on Friday.
“Union Finance Minister Sitharaman interacted with a delegation from the U.S. International Development Finance Corporation shared that India offers good opportunities and is one of their key geographies for investment,” stated a social media post on ‘X’ by the Ministry of Finance.
During the interaction, representatives from DFC acknowledged India’s significant potential as a key geography for investment. They highlighted the favorable opportunities in various sectors and expressed their commitment to further expanding their investment footprint in the country.
DFC has been an active player in India, supporting development initiatives across sectors like infrastructure, clean energy, healthcare, and technology. Sitharaman also emphasized the broad-based and multi-sectoral cooperation between India and the U.S., noting that recent reforms and the country’s evolving investment climate have created a conducive environment for growth.
She highlighted India’s potential for increased economic cooperation, particularly in sectors crucial to sustainable development and innovation. The U.S. International Development Finance Corporation recently announced new investments of $70 million in India’s private sector. These investments aim to advance key priorities of the U.S. and Indian governments, including strengthening health systems, particularly vaccines, expanding access to affordable housing, and increasing support for small businesses.