Boston: Finance Minister Nirmala Sitharaman on Tuesday highlighted the “significant reforms” undertaken by the government, including national monetization pipe (NMP) and national infrastructure pipe (NIP) when he meets institutional investors here.
Sitharaman arrived in the US on Monday during a one week trip to attend the annual meeting of the World Bank and IMF in Washingon and G20 Finance Ministers and Central Bank Governors Meeting (FMCBG).
During an official visit to the US, Sitharaman expected to meet with US Treasury Secretary Janet Yellen.
After arriving in New York, Sitharaman traveled to Boston where he met investors during a round table organized by FICCI and the US-India Strategic Partnership Forum (USISPF).
Roundtable on Tuesday attended by institutional investors from across the spectrum of sectors including software, consulting, financial advisory, insurance, investment management hardware and telecommunications.
“FM highlighted the significant reforms included setting #ifsc in #gieftcity, #nip and #nmp.
The US company welcomed the reforms and initiatives undertaken by the Government of India and is committed to working with him to increase foreign investment in India,” the Finance Ministry said in a tweet , Following the Roundtable, Sitharaman discussions one on one with top executives.
Advent International Corporation’s Chairman and Managing Partner David Mussafer, after meeting with Sitharaman, said that the reforms that have occurred in India “is a big step forward.” “For international investors like us, we are always looking for opportunities to take the friction out of the system.
The opportunity to invest more in India really lean on some of the reforms that have been made,” said Mussafer.
He added that some of the provisions of the bankruptcy which creates an opportunity for companies to invest and breathe life into the new opportunities that have struggled “is very important for this kind of thing we are looking for and we are very excited about some of the reforms that have occurred.”