From top Japanese and Australian funds to those from Europe and the US, Prime Minister Narendra Modi will sell the India story to 20 global giants, with combined assets of $6 trillion, and pitch for longter m investments.
The PM is scheduled to hold a round table with the CEOs and chief investment officers of top fund houses — ranging from Australian Super and Future Fund to Japan Post Bank and Ontario Pension — on Thursday. He will then have one-on-one interactions with them over the coming two weeks or so as he seeks to get international investors to fund some of the marquee projects in the country.
In an interview on Monday, finance minister Nirmala Sitharaman had told TOI that the National Investment Pipeline, where 7,000 projects have been identified and detailed, will provide the basis for investment by these funds. The stage is set for them to simply identify and invest, she had indicated.