PM Narendra Modi to brainstorm with global fund houses on Thursday

20 top funds, India Inc brass to attend roundtable

Prime Minister Narendra Modi will chair a virtual global investor roundtable on Thursday where he will engage and deliberate with top fund houses, business leaders, and policymakers on how to accelerate the growth of international investments in the country. At least 20 of the world’s largest pension and sovereign wealth funds with total assets under management of about $6 trillion will participate in the roundtable. “These global institutional investors represent key regions, including the US, Europe, Canada, Korea, Japan, the Middle East, Australia, and Singapore. They will be joined by key decision-makers of these funds,” an official statement by the Prime Minister’s Office said.

It will also see participation from several Indian business leaders, including Reliance Industries Chairman Mukesh Ambani, Tata group Chairman Emeritus Ratan N Tata, Kotak Mahindra Bank Managing Director Uday Kotak, HDFC Chairman Deepak Parekh, Sun Pharmaceuticals’s Dilip Sanghvi, and Infosys Chairman Nandan Nilekani, among others. The focus of the “exclusive dialogue” is to assess their views on India’s economic outlook and structural reforms that are required to attract long-term capital into the country.

AustralianSuper, British Columbia Investment Management Corp, CDPQ, CCP Investment, Future Fund, GIC, Japan Post Bank, Japan Bank for International Cooperation, Korean Investment Corporation, Nippon Life, Ontario Teachers, PensionDanmark, PGGM Investment Management, DSP, Qatar Investment Authority, Teachers Retirement Texas, Temasek, and US International Development Finance Corporation are among the global wealth and sovereign funds that would be participating in the meeting, Tarun Bajaj, secretary, Department of Economic Affairs (DEA), confirmed on Tuesday…Read More

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