Goyal meets US firm executives on India investment
In short
Commerce and Industry Minister Piyush Goyal met senior officials from several US companies while he was in the US until October 5. The talks covered investment chances in India, and one meeting with Target focused on sourcing and manufacturing under Make in India.
The meetings may help attract more business to India, but no deal or decision was stated. It is not known what, if anything, was agreed.
What the reporting says
Commerce and Industry Minister Piyush Goyal held bilateral meetings with top officials of several US companies in the US, according to a publisher summary. The reporting says he discussed investment opportunities in India and, with Target executive Grant McGee, opportunities to expand sourcing and manufacturing under Make in India. Goyal is in the US until October 5. The immediate outcome of the talks was not stated.
Why it matters
Commerce and Industry Minister Piyush Goyal met senior officials from several US firms in the US and discussed investment opportunities in India. The source specifically names Target’s Grant McGee and says the discussion covered Make in India, deeper presence in India and more sourcing from India. The reporting does not say whether any investment, sourcing agreement or timeline was finalized.