Friday, June 30, 2023

PM Modi makes a compelling case to Goldman Sachs for investment


Delhi, India: During a meeting with Goldman Sachs board members, Prime Minister Narendra Modi made a strong case for India as an investment destination for global investors.

The board met in India after north of 10 years, drove by its President David Solomon. Under Lloyd Blankfein's leadership, the board last met in the country in 2012 in Mumbai.

"Had a productive conversation with the individuals from the board and key initiative of Goldman Sachs. emphasized India's enormous growth potential, which is fueled by recent reforms and a favorable business environment. Also mentioned that India provides numerous opportunities for global businesses, Modi stated on Twitter, a microblogging platform. A picture of the PM with the board, which included Lakshmi Mittal, executive chairman of ArcelorMittal, the world's second-largest steel manufacturer, was included with the post. The Prime Minister has just returned from a state visit to the United States that was a huge success. During the trip, a number of important contracts were signed with major global companies like GE, Micron, Google, and Amazon that will make significant investments in India.

India is arising as a keyplayer in the worldwide store network, with a few organizations wanting to move their assembling base from China because of international dangers. Companies in the United States are likely to be interested in making investments as a result of the establishment of close ties with China.

Investors from around the world are also interested in India because of its robust economic growth and extensive market. India has been portrayed as a brilliant spot for its vigorous development against the background of melancholy development possibilities for the world economy.

India's economy is expected to expand by 6-7% this year and will continue to be the world's fastest-growing major economy for the next two years. The country's economy ranks fifth globally.

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