US Fund House Looking To Inject $50 Bn Into India Over Next Decade: Goyal

SUMMARY

The investment firm has already invested $13 Bn and anticipates doubling this amount in the next four years

Goyal refrained from disclosing the firm’s name

Goyal emphasised that the world is eager to engage with India

Commerce and industry minister Piyush Goyal has said that a US-based fund house is eyeing to invest around $50 Bn in India over the next 10 years, adding that the firm has already infused $13 Bn and expects that it will double the figure in the next four years.

Goyal was speaking at the ET NOW Leaders of Tomorrow Awards on Friday (January 12).

Referring to the firm as “one of the most prominent” investment houses from the US, the minister refrained from disclosing its name.

“Having climbed from the 11th to the 5th position in recent years, today we stand as the world’s fifth-largest economy. No longer considered part of the Fragile Five, we boast robust foreign exchange reserves, reaching $623 Bn in the last count, and receive global appreciation for effective inflation management,” Goyal said.

He also underlined that the world is eager to engage with India in trade and negotiate free trade agreements, recognising the country as an emerging and reliable partner.

Following this, the minister posted on X, “Discussed the ‘India opportunity’ in my meeting with Henry R Kravis, cofounder and co-executive chairman of KKR, a leading global investment firm from New York.”

In the recent past, Goyal urged the US to invest in emerging sectors in India, including EVs, semiconductors, and battery technology.

Back then, he said, “The India-US bilateral relations have been at an all-time high; and there exists huge potential to further strengthen the commercial ties, given the shared strategic priorities and complementary strengths of the respective economies.