Finance Minister Nirmala Sitharaman To Meet PSB Heads:  Here Are The All The Details That You Need To Know


Bain Capital Co-chairman Stephen Pagliuca and Co-managing Partner John Connaughton met Finance Minister Nirmala Sitharaman right here on Monday, with Pagliuca describing the assembly as “fantastic”, throughout which they talked concerning the Financial Services District in Gujarat.

American non-public funding agency Bain Capital, with investments of about USD 5 billion in Indian firms, is trying ahead to investing “even more” within the nation and the subsequent decade can be essential for each India and the US to work collectively to construct companies on a world foundation, prime executives of the corporate stated.

Bain Capital Co-chairman Stephen Pagliuca and Co-managing Partner John Connaughton met Finance Minister Nirmala Sitharaman right here on Monday, with Pagliuca describing the assembly as “fantastic”, throughout which they talked concerning the Financial Services District in Gujarat.

Sitharaman arrived within the US on Monday for a week-long journey to attend the annual meet of the World Bank and IMF in Washington in addition to the G20 Finance Ministers and Central Bank Governors (FMCBG) assembly.

During the official go to to the US, Sitharaman is anticipated to satisfy US Treasury Secretary Janet Yellen.

Connaughton stated that “whenever you see the kinds of reforms that we’re seeing in India, and we’ve been there for almost over a dozen years, it really allows us to accelerate our investment activity, particularly across the broader sectors that we participate in,” comparable to banking, outsourcing, and prescribed drugs.

Connaughton stated the flexibility to reform all these industries that the federal government is now reforming “allows us to participate in a broader way” and “we’re looking forward to investing even more. We’ve invested USD 5 billion already and we see it accelerating.”

Pagliuca stated the markets could be made extra business-friendly and “I think that’s happening in India right now. It’ll make it a great attractive climate for foreign direct investment.”

Pagliuca added that Bain Capital has invested over USD 5 billion in a dozen companies and “had great success in India. And I think the next decade will be very important for both countries to work together to build businesses on a global basis and really increase the GDP of both countries.”

The Finance Ministry in a tweet stated that Connaughton appreciated the pleasant enterprise environment in India and talked about that he’s upbeat about funding in India. Sitharaman spoke about exploring alternatives in Gift City in Gujarat and different alternatives in infrastructure in India. 

(PTI)




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