America
Modi makes strong pitch for investments in New York
New Delhi, Sep 24
Prime Minister Narendra Modi
on Thursday made a strong pitch to global investors to "Make in India"
saying that India remained a fast growing economy even in the current
global crises, offering immense potential for investments.
"Our
economic growth rate last year was 7.3 percent. There has been a 40
percent increase in foreign direct investment (FDI)," the prime minister
told chief executives at the roundtable on financial sector in New
York.
He also said that the International Monetary Fund (IMF),
the World Bank and ratings institutions such as Moody's have maintained
that the economic climate in India was bound to improve further.
Among
the CEOs present at the roundtable were Jamie Dimon, chairman, chief
executive and president of JP Morgan; Steve Schwarzman, chairman, chief
executive and co-founder, Blackstone and Charles Kaye, co-chief
executive, Warburg Pincus.
Other leading figures at the
roundtable were Henry Kravis, co-chairman and co-chief executive, KKR;
Bill Ford, chief executive, General Atlantic and Peter Hancock,
president chief executive, AIG Insurance.
Chase Coleman,
co-founder and managing partner, Tiger Global and Vicki Fuller, chief
investment officer, NY State Common Retirement Fund were also present at
the event.