Indian Prime Minister Narendra Modi recently met with the top executives of Goldman Sachs Group Inc. in New Delhi, where he emphasized the vast opportunities that India presents for global companies. In a tweet following the meeting, PM Modi described the fruitful discussions with the board members and key leadership of Goldman Sachs, highlighting India’s potential for growth driven by recent reforms and a business-friendly environment. He also emphasized that India offers numerous prospects for global firms to explore.
Goldman Sachs’ 12-member board visited India for the first time in more than a decade, coinciding with PM Modi’s meetings with leading corporate figures in the United States. During his US visit, top executives from companies like Amazon, Tesla, Apple, Alphabet, and Microsoft announced significant investments in India. Among these investments, Micron Technology Inc. pledged over $800 million towards a $2.75 billion semiconductor assembly and testing facility in India. Additionally, Amazon committed to investing $26 billion in India by 2030, with a focus on supporting startups, creating jobs, enabling exports, and empowering individuals and small businesses to compete globally.
Goldman Sachs, recognizing the immense potential in India, has already invested more than $7 billion in the country since 2006, as stated on their website. The bank’s economists foresee a high growth trajectory of 6 to 7% over the next three years in India. CEO David Solomon expressed excitement about the opportunities India presents, especially as businesses worldwide diversify their supply chains and explore new avenues for growth and business development. The sentiment is shared among many as they view India as a land of opportunity, and businesses are increasingly looking to capitalize on the growth potential offered by the country.
