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Prime Minister Modi and President Trump recognized the increasing importance of the trade and investment dimension of the India-United States relationship, and the need for long-term trade stability that will benefit both the American and Indian economies.
Prime Minister assured the delegation that the government is committed to economic development of the region through extensive focus on infrastructure development and creating new investment opportunities in sectors like tourism.
During a meeting with Electronics Industry Associations, Chambers and prominent Industry players, he requested the electronics industry to take advantage of the opportunity and new Schemes notified by the Ministry, attract global investment and strengthen the sector.
It was also discussed that the reform initiatives undertaken by the various Ministries should continue unabated and action should be taken in a time bound manner to remove any obstacles which impede promotion of investment and industrial growth.
He also directed to aim for reducing delays in obtaining clearances and partnering with states to facilitate increase in private investment to boost the economy.
Tiger Midco is a special purpose vehicle set up and managed by investment funds managed by affiliates of Apollo Management, L.P. that manage funds invested in equity and debt issued by entities involved in various businesses throughout the world.
It was also discussed that the reform initiatives undertaken by the various Ministries should continue unabated and action should be taken in a time bound manner to remove any obstacles to investment flows and capital formation.
Responding to concerns raised by the audience, the Minister informed that his ministry is looking at adopting the London model of public transport, where government funding is minimal and private investment is promoted.
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