Take advantage of Make in India in high-tech manufacturing: Piyush Goyal to US cos

Commerce and industry minister Piyush Goyal discussed the potential investment opportunities in India’s electronics manufacturing, data infrastructure and logistics sectors and new areas of collaboration particularly in advanced manufacturing, pharmaceuticals, robotics, artificial intelligence, and sustainable technologies with American companies during his ongoing visit to the US, commerce and industry ministry said in a statement Tuesday.

“He invited American companies to leverage India’s unmatched scale and take advantage of the Make in India initiative, particularly in high-tech manufacturing and quality production,” the ministry said.

During his meeting with Blackstone, Goyal said that the company has already invested about $50 billion in India and is one of the largest commercial and real estate investors in the country.

He also met top officials of Amneal Pharmaceuticals and explored ways to enhance India’s pharmaceutical ecosystem for high-end R&D, including biologics, and improved manufacturing capabilities to establish a robust global supply chain.

The minister also met top officials of Kohlberg Kravis Roberts & Co. (KKR), Blackstone, Warburg Pincus and BlackRock.