India’s Finance Minister, P. Chidambaram, met with investors Wednesday, April 17, at a private interaction hosted by the U.S.-India Business Council (USIBC) as part of the Minister’s week-long North America investor “road show.”
It is aimed at attracting foreign direct investment (FDI) in India. The off-the-record lunch meeting convened top global industry leaders to discuss with the Finance Minister the opportunities that exist in India and addressed some of the challenges companies face in the market which affects investor sentiment.[ Also Read: Is India’s Prime Minister Really Corrupt? ]
Topics of conversation included infrastructure, retail, agriculture, life sciences, financial services, legal services, and real estate.
“Global industry wants India to succeed. India will succeed. I know this past year has caused a lot of concern, but this year is over and by elections we will achieve our ambitious economic agenda,” said Finance Minister Chidambaram.[ Also Read: Why Sonia Gandhi Wants to Protect Chidambaram ]
“We commend Minister Chidambaram for his leadership during these complex times. The American business community continues to look to India as a partner in the global economy ripe with investment opportunities. My colleagues and I remain committed to working collaboratively with Government of India and Indian industry to identify innovative solutions to India’s challenges,” said USIBC chairman Ajay Banga, president & CEO, MasterCard.
The U.S.-India Business Council was formed in 1975 at the request of the United States and Indian governments to advance two-way trade and deepen commercial ties.
It is a business advocacy association comprised of nearly 400 of America’s and India’s top companies dedicated to enhancing the U.S.-India commercial relationship.
In the picture above (L to R): USIBC Chairman Ajay Banga, MasterCard; John Hele, MetLife; Finance Minister P Chidambaram; Ron Somers, USIBC (Photo: Jay Mandal)