Nirmala Sitharaman highlights significant reforms in meeting with institutional investors in US


BOSTON: Minister of Finance Nirmala Sitharaman on Tuesday he highlighted “significant reforms” undertaken by the government, including the National Monetization Pipeline (NMP) and the National Infrastructure Pipeline (NIP) when he met with institutional investors here.
Sitharaman arrived in the US on Monday for a week-long trip to attend the annual meeting of the World Bank and the IMF in Washington, as well as the G20 meeting of finance ministers and central bank governors (FMCBG). .
During the official visit to the United States, Sitharaman is expected to meet with the Secretary of the Treasury of the United States, Janet Yellen.
After arriving in New York, Sitharaman traveled to Boston, where he met with investors during a panel discussion organized by FICCI and the United States-India Strategic Partnership Forum (USISPF).
The roundtable on Tuesday was attended by institutional investors from a wide spectrum of sectors, including software, consulting, financial advisory, insurance, telecommunications hardware and investment management.
“The FM highlighted important reforms, including the creation of #IFSC in #GiftCity, #NIP and #NMP. US companies welcomed the reforms and initiatives undertaken by the Government of India and committed to working with it to increase the foreign investment in India, ”the finance ministry said in a tweet.
After the roundtable, Sitharaman held individual discussions with senior executives. Advent International Corporation president and managing partner David Mussafer, after his meeting with Sitharaman, said that the reforms that have taken place in India “are a great step forward.”
“For international investors like us, we are always looking for opportunities to remove friction from the system. The opportunity to invest more in India is really based on some of the reforms that have been made,” Mussafer said.
He added that some of the insolvency provisions that create opportunities for companies to invest and bring new opportunities to life that have struggled “are critical to the kinds of things we are looking for and therefore we are incredibly excited about some of the reforms. what happened.”

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