6 days ago

India courts global investors through parallel Canada, Japan outreach

India is trying to persuade more foreign companies and investors to put money into the country.

Finance Minister Nirmala Sitharaman made this case during a visit to Canada.

Commerce Minister Piyush Goyal made a similar pitch in Japan.

They highlighted India’s economic growth, young people, growing middle class and digital services.

Goyal also promised help for Japanese companies dealing with Indian rules.

He suggested a startup program to connect businesses in India and Japan with investors.

India has found it difficult to turn its fast economic growth into steady foreign investment.

Goyal is also expected to visit the United States in late September for trade discussions.

Key facts

Finance minister’s location: Nirmala Sitharaman made India’s investment pitch in Toronto.
Commerce minister’s location: Piyush Goyal addressed investors at a roundtable in Tokyo.
Investment pitch: India highlighted sustained growth, a young population, expanding consumption and deepening capital markets.
Regulatory support: Goyal said India was working to ease certification requirements for specialised high-tech equipment, including chip-manufacturing equipment.
Japan startup proposal: Goyal proposed an India-Japan startup pitching series connecting startups with investors and potential business partners.
Investment challenge: Foreign investors have pulled money from Indian stocks and bonds this year, while AI and semiconductor opportunities elsewhere have attracted capital.
Upcoming US visit: Goyal plans to visit the United States in late September for a G20 meeting in Milwaukee and bilateral talks with Jamieson Greer.

telegraphindia.com · 6 days ago