Commerce and Industry Minister Piyush Goyal revealed on Friday that a prominent US-based fund house is planning a substantial investment of approximately USD 50 billion in India over the next decade. Goyal emphasized that this commitment reflects the robust macroeconomic fundamentals of the country. The minister disclosed that the global investment firm has conveyed its intention to double its current investment of USD 13 billion within the next four years.
While Goyal did not disclose the name of the company, he mentioned in a social media post on ‘X’ that discussions about the “India opportunity” took place during his meeting with Mr. Henry R Kravis, Co-Founder and Co-Executive Chairman of KKR, a leading global investment firm based in New York.
In the 14th trade policy forum meeting co-chaired by United States Trade Representative (USTR) Katherine Tai and Goyal, the minister highlighted the significance of his conversation with “one of the most prominent” US investment houses. He shared that during the discussions about investment plans, the firm expressed their current investment of USD 13 billion and the intention to double it in the next four years. Goyal emphasized that the fund house is eyeing a significant investment of USD 50 billion over 10 years.
The minister emphasized that this substantial investment underscores the enthusiasm of global investors towards India and underscores the nation’s strong macroeconomic fundamentals. India, currently the fifth-largest global economy, is no longer categorized as fragile, he added. Goyal pointed out that India’s forex reserves have surpassed USD 600 billion, and the government is prioritizing the modernization of infrastructure, including railways, roads, ports, and airports.
Highlighting India’s evolving status on the global stage, Goyal mentioned that the world is keen to engage with the country on trade and negotiate Free Trade Agreements (FTAs) as India emerges as a large and trusted economy.
