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FM's marathon meeting sessions with US businesses continues in NY
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SME Times News Bureau | 17 Oct, 2021
Finance Minister Nirmala Sitharaman's meetings with US businesses and
institutions continued at a feverish pitch, including talks with two key
investors asking them to broaden their world view and look at India for
investment.
As part of this, Sitharaman on Saturday met Scott
Sleyster, Executive Vice President and Chief Operating Officer of
Prudential Financial and Philip Vassiliou, Chief Investment Officer,
Legatum, in New York.
Her discussions with Sleyster revolved around the reforms towards capital bond market, investor charter and other initiatives.
The
robust structural growth and continued interest of the company to
invest in India formed part of the discussion with Vassiliou.
Earlier
during the day, Sitharaman addressed global business leaders and
investors at a Roundtable organised by USISPForum and Ficci India in New
York.
"With the current reset in the global supply chain and
clear headed and committed leadership in India, I see opportunities
galore in India for all investors and industry stakeholders," she said
at the Roundtable.
The Finance mInister also met Jane Fraser, CEO of Citi.
Fraser
talked about the strength of India's economic recovery and how India
will increasingly become an important destination of investment for
multinational corporations looking to grow their operations.
Sitharaman
held one-to-one meetings with Raj Subramanyam, CEO, FedEx; Ajay Banga,
Executive Chairman, and Meibach Michael, CEO at Mastercard; and Arvind
Krishna, Chairman and Chief Executive Officer, IBM.
The discussions revolved around getting more investment into India.
All
the business leaders talked about the positive impact India's reforms,
in particular the PLI schemes, will have on labour-intensive sectors in
the country. IBM indicated its interest in India in the areas of hybrid
cloud, automation, 5G, cybersecurity, data, and AI.
The recently
launched initiative of National Infrastructure Master Plan, GatiShakti
and India having the third largest start-up ecosystem and unicorn base
formed part of discussion with Subramanyam.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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