Finance Minister Nirmala Sitharaman meets heads of FedEx, Mastercard, others during US visit

The Finance Minister is in the US to attend IMF-WB Spring Meetings 2022.

Finance Minister Nirmala Sitharaman on Thursday met CEOs of large American firms like FedEx and Mastercard and discussed various opportunities for investment in India as the country is poised to be the fastest-growing large economy in the world.

The Finance Minister is in the US to attend IMF-WB Spring Meetings 2022.

FedEx President and CEO-elect Raj Subramanian, during the meeting with the Finance Minister, mentioned that he is positive about India and has significant expansion plans, including in skilling. Appreciating the government's commitment to integrated development through PM Gati Shakti Master Plan, Mr. Subramanian said the company is looking at R&D Centres in India. Last year, Prime Minister Narendra Modi launched a Rs 100 lakh crore national master plan for multi-modal connectivity that aims to develop infrastructure to reduce logistic costs and boost the economy.

PM Gati Shakti targets to cut logistic costs, increase cargo handling capacity and reduce the turnaround time. The plan aims to lend more power and speed to projects by connecting all concerned departments on one platform.

As per the Economic Survey 2021-22, India is projected to grow at 8-8.5% during the current financial year ending March 2023.

Ms. Sitharaman also held a meeting with Accenture Chair and CEO Julie Sweet. "Ms Sweet lauded the proactive & transparent approach of the GoI & said @Accenture is adding a presence in more Tier-II cities in India & focusing on upskilling talent to prepare for emerging opportunities. Ms Sweet also informed that 47% of their workforce in India are women," the finance ministry said in a tweet.