Sitharaman invites American businesses to invest in India

SAYS THE COUNTRY MEETS REQUIREMENTS OF FAIR, TRANSPARENT ECONOMY

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WASHINGTON: Asserting that India meets the requirements of a fair and transparent economy, Union Finance Minister Nirmala Sitharaman has urged American businesses to invest in the country.

Addressing a business roundtable organized by US India Business Council, with representatives of top US companies, the finance minister said India, under the current government, is creating opportunities for global industry to participate in the nation’s growth story.

In her remarks, Sitharaman emphasized that policy consistency and pursuit of reforms despite the pandemic have been a hallmark of the government’s approach.

Highlighting the impact of digitalization and economic formalization at length, Sitharaman said that due to its achievements in transitioning to digital payments and integrating the informal sector, India meets the requirements of a fair and transparent economy.

She invited the investor community to make the most of the opportunities that India has to offer, now and going forward.

In his remarks, Indian Ambassador to the US, Taranjit Singh Sandhu said as the President of G20, India is committed to multi-stakeholder engagement.