Goyal takes India investment pitch to global giants

Union Commerce and Industry Minister Piyush Goyal has been actively engaging with global business leaders during his trip to the United States, meeting with executives from major investment, financial services, and consumer companies to discuss potential deeper investment and partnerships with India. During his visit, Goyal held discussions with representatives from Blackstone, Neuberger Berman, and The Estee Lauder Companies, exploring avenues for investment, financial management, manufacturing, sourcing, and the country's expanding beauty and personal care market.

In a post on social media, Goyal shared details of his meeting with Blackstone's President and COO, Jonathan Grey, and Blackstone's Chairman of International Private Equity, Prakash Melwani. The discussions centered around ways to strengthen Blackstone's investment and partnership in India across key sectors, expressing his enthusiasm for continued collaboration.

Goyal also met with Neuberger Berman's Chairman and CEO, George Walker, and the company's Global Head of Markets, Anthony Tutrone, among others, to strengthen investment linkages and partnerships in financial and wealth management.

With India boasting resilient macroeconomic fundamentals and deepening capital markets, Goyal emphasized that the nation presents unmatched scale and long-term value creation for global institutional investors. Additionally, Goyal met with The Estee Lauder Companies' President and CEO, Stephane de La Faverie, focusing on expanding the company's presence in India through increased manufacturing, sourcing from India, and capitalizing on the growing beauty and personal care market.