Sitharaman Attends Silicon Valley Roundtable With VCs on Energy
WASHINGTON, DC (ANI)- Union Finance Minister Nirmala Sitharaman attended a roundtable with business leaders and investors co-hosted by the US-India Business Council (USIBC) and Confederation of Indian Industry (CII) in the Silicon Valley, and invited the leading investors to become a part of India’s growth story.
Senior executives, business leaders of private sectors, venture capitalists, the institutional investors, who represented combined assets under management of over $1 trillion, attended the meeting with Sitharaman. Among the businesses and funds that attended the event were Blackstone, Brevet Capital, Citi, Nova Credit, Western Digital, Palo Alto Networks, The Regents of the University of California, Lightspeed House Ventures, Insight Partners, Morgan Stanley, Powerhouse Ventures, Blume Ventures, Bow Capital and Nasdaq.
In the meeting, the minister discussed topics pertaining to India’s potential for producing sustainable energy, waste-to-energy, and energy alternatives.
The minister told the investors that over the next few years, India is prepared to be the world’s fastest-growing major economy.
President of USIBC, Atul Keshap moderated the meeting while the Chief Economic Advisor, V Ananth Nageswaran, India’s Ambassador to the US, Taranjit Singh Sandhu, along with other senior officials attended the roundtable.
After a roundtable with the members of the semiconductor industry, the Finance Minister visited Applied Materials’, Maydan Technology Centre, located in the Silicon Valley, to observe research in the field of semiconductors.