In an aim to accelerate foreign investments, India to hold a global investor roundtable chaired by PM Narendra Modi
To accelerate foreign investments, India on November 5 will hold a global investor roundtable attended by CEOS of major global funds including top pension funds and sovereign wealth funds. The global investor round table will be chaired by Prime Minister Narendra Modi who will brief the CEOs about the possibilities and opportunities of investing in India. The meeting will be convened virtually and organized by the Ministry of Finance, National Investment, and Infrastructure Fund. It is an exclusive dialogue between leading global institutional investors, Indian business leaders, and the highest decision-makers from the Government of India and Financial Market Regulators. Union Finance Minister Nirmala Sitharaman, Union Minister of State for Finance Anurag Thakur, RBI Governor Shakti Kanta Das, and other dignitaries will also be present on the Virtual Global Investor Roundtable (VGIR).
Top 20 global funds based in the US, Europe, Canada, Korea, Japan, Middle East, Australia, and Singapore will attend the foreign investors’ conclave chaired by Prime Minister Modi. “The Roundtable will witness participation from twenty of the world’s largest pension and sovereign wealth funds with a total Assets Under Management of about $6 trillion. These global institutional investors represent key regions including the US, Europe, Canada, Korea, Japan, Middle East, Australia, and Singapore. The event will witness the participation of key decision-makers of these funds, i.e., the CEOs and CIOs. Some of these investors would also be engaging for the first time with the Government of India. Apart from global investors, the Roundtable will also see the participation of several top Indian Business Leaders,” said Finance Ministry in a statement issued on Tuesday evening in Delhi.
VGIR 2020 will focus on discussions around India’s economic and investment outlook, structural reforms, and the government’s vision for the path to a USD 5 trillion economy[1]. The event will provide an opportunity for leading global investors and Indian business leaders to engage and deliberate with senior policymakers on how to further accelerate the growth of international investments in India. Foreign investments in India this fiscal is the highest ever for the first five months of a financial year. “VGIR 2020 will also provide an occasion for all stakeholders to further cement the strong partnerships that have been built and to foster engagement with international institutional investors who are looking to increase their Indian investments,” said Finance Ministry.
References:
[1] Sree Iyer at Indo-American Press Club Webinar on India-US relations offers 2 steps for Modi Govt – Nov 1, 2020, Youtube
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