Modi makes strong pitch for investments in New York

New York, Sep 24 (IANS) Prime Minister Narendra Modi on Thursday made a strong pitch to global investors to “Make in India” saying that India remained a fast growing economy even in the current global crises, offering immense potential for investments.

“Our economic growth rate last year was 7.3 percent. There has been a 40 percent increase in foreign direct investment (FDI),” the prime minister told chief executives at the roundtable on financial sector in New York.

He also said that the International Monetary Fund (IMF), the World Bank and ratings institutions such as Moody’s have maintained that the economic climate in India was bound to improve further.

Among the CEOs present at the roundtable were Jamie Dimon, chairman, chief executive and president of JP Morgan; Steve Schwarzman, chairman, chief executive and co-founder, Blackstone and Charles Kaye, co-chief executive, Warburg Pincus.

Other leading figures at the roundtable were Henry Kravis, co-chairman and co-chief executive, KKR; Bill Ford, chief executive, General Atlantic and Peter Hancock, president chief executive, AIG Insurance.

Chase Coleman, co-founder and managing partner, Tiger Global and Vicki Fuller, chief investment officer, NY State Common Retirement Fund were also present at the event.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here