Goyal invites US firms to explore investment opportunities in India

Commerce and Industry Minister Piyush Goyal met with top US executives in New York to explore investment opportunities in India, according to an official statement released on Wednesday. Goyal had individual discussions with the President and COO of Blackstone, Jonathan Gray, and the Chairman of Blackstone's International Private Equity business, Prakash Melwani. The talks centered on expanding Blackstone's presence and partnerships in India across various key sectors, as per the commerce and industry ministry.

Other companies Goyal engaged with included Neuberger Berman Chairman and CEO George Walker and The Estee Lauder Companies President and CEO Stephane de La Faverie. They explored growth prospects in India, which could be achieved through increased manufacturing and sourcing, as well as tapping into India's burgeoning beauty and personal care market, the ministry reported.

During his meeting with IBM Chairman and CEO Arvind Krishna, Goyal emphasized the importance of strengthening IBM's engagement in India and expanding collaboration in areas such as AI, cloud infrastructure, quantum computing, and other emerging technologies. The minister also met with General Atlantic Chairman and CEO William E Ford to explore additional investment and business opportunities with India.

Moreover, Goyal engaged with Mark Tucker, Non-Executive Chairman of AIA Group, to discuss potential opportunities in the insurance and financial services sectors. The meetings aimed to highlight India's growth prospects and investment opportunities, spanning various industries such as financial services, manufacturing, energy, technology, AI, and more. The discussions also focused on strengthening India-US economic and commercial ties, as stated by the ministry.