PM to chair global investor meet today
| Date :05-Nov-2020 |
NEW DELHI ;
TO attract investment into the country, PM Modi will on Thursday chair the Virtual Global Investor Roundtable (VGIR) 2020, which will be attended by heads of 20 top institutional investors from various parts of the world. VGIR 2020 will focus on discussions around India’s economic and investment outlook, structural reforms and the Government’s vision for making the country a USD 5-trillion economy.
“All the major global investors, including sovereign wealth funds and pension funds of the world, would be participating. We have confirmation from such investors who would be participating in this virtual conference,” Economic Affairs Secretary Tarun Bajaj said while sharing details of the event. He added that as a matter of fact, assets under management for these funds would be more than USD 6 trillion. The Indian side at the roundtable will be represented by business leaders, financial market regulators, Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das.
The global institutional investors, representing key regions including the US, Europe, Canada, South Korea, Japan, the Middle East, Australia and Singapore, will participate in VGIR 2020, and some of these investors would engage with the Government for the first time. Some of the prominent funds participating are Temasek, AustralianSuper, CDPQ, CPP Investments, GIC, Future Fund, Japan Post Bank, Japan Bank for International Cooperation.
They include Korean Investment Corporation, Nippon Life, Mubadala Investment Company, Ontario Teachers, Teachers Retirement Texas and Pension Denmark. Apart from this, there will be six major Indian industrialists -- Deepak Parekh (HDFC), Dilip Shanghvi (Sun Pharma), Mukesh Ambani (RIL), Nadan Nilekani (Infosys), Ratan Tata (Tata Group) and Uday Kotak (Kotak Mahindra Bank) to share their experience.