US India Business Council meets Nirmala Sitharaman; shows interest in ramping up investment

Washington: Members of the influential US India Business Council in their meeting with Union Finance Minister Nirmala Sitharaman on Wednesday praised India’s reform trajectory and exuded confidence in the growing Indian economy. “We praised her reform trajectory and discussed new opportunities to strengthen commercial ties between the US and India”, USIBC said after they along with CII hosted the visiting finance minister for an interactive session. Business leaders thanked the minister in laying down the vision for future growth and congratulated the Indian government for steering the economy during the COVID-19 pandemic, the finance ministry said. Participating business leaders also expressed keen interest in scaling up their investments in India, it said. Prominent among those who attended the meeting were Milind Pant, Amway CEO; Vivek Lall, chief executive of General Atomics; Octavio Simoes, president and CEO of Tellurian; Chris Ripley, president and CEO of Sinclair Broadcasting Group and S V Anchan chairman of Safesea Group. The meeting was attended by CEOs and business leaders from insurance, private equity, technology, energy and pharma sectors amongst others. India’s ambassador to the US, Taranjit Singh Sandhu, also addressed the meeting that was presided over by USIBC president Nisha Desai Biswal.