Boston, PTI. After meeting with Finance Minister Nirmala Sitharaman, Bain Capital officials have expressed their optimism about further investments in the country. At the same time, the American investment company has said that the next decade will be important for the two countries to work together on a global basis. Stephen Pagliuca, Co-Chairman, Bain Capital, and John Canaton, Co-Managing Partner, met India’s Finance Minister Nirmala Sitharaman, who attended the G20 meeting.
Pagaluca described the meeting as wonderful and said that the GIFT City of Gujarat was also discussed during this time. Sitharaman is on a week-long visit to the US to attend the annual meetings of the World Bank and the International Monetary Fund (IMF) in Washington, as well as a meeting of finance ministers and governors of central banks (FMCBG) of the G20 countries. During this, he is also expected to meet US Finance Minister Janet Yellen.
The finance minister flew from New York to Boston, where she would meet investors and top executives of global companies at a meeting organized by FICCI and the US-India Strategic Partnership Forum (USISPF). She will also address students at Harvard University. Canaton said that seeing the reforms taking place in India encourages us to increase our investment there. Especially in the areas where we are already present like banking, outsourcing and pharmaceuticals.
Investors optimistic about India’s economic reforms
The steps taken by the Indian government regarding economic reforms have sent a strong message to the investors of western countries. American Tower Corporation (ATC) Executive Vice President Edmund DiSanto said this after meeting Finance Minister Nirmala Sitharaman. He said that India’s position at this time is very favorable in terms of investment and inviting businessmen. He said that at present it has 76,000 towers inclusive of all mobile networks. Soon a network of 4,000 towers will be added to it.