Gati Shakti, digitisation, ‘Make in India’ discussed as Sitharaman meets top CEOs in US

She met Mastercard Executive Chairman Ajay Banga and Mastercard CEO Michael Miebach here on Saturday. “The initiatives and progress towards #financialinclusion and #DigitalTransformation formed part of the discussion,” the Ministry of Finance said in a tweet.

Union Finance Minister Smt. @nsitharaman
met Mr Ajay Banga, Executive Chairman and Mr @MiebachMichael, CEO, @Mastercard, in New York, USA, today. The initiatives and progress towards #financialinclusion and #DigitalTransformation formed part of discussion. pic.twitter.com/YnMCxDvpJ0

— Ministry of Finance (@FinMinIndia) October 16, 2021

In her meeting with FedEx Corporation President and Chief Operating Officer (COO) Raj Subramaniam, discussions focussed on the recently launched initiative of National Infrastructure Master Plan ‘Gati Shakti’ and India’s third largest start-up ecosystem and the unicorn base (start-up companies reaching a high valuation).

Union Finance Minister @nsitharaman met Mr Raj Subramanyam, CEO, FedEx, in New York, USA, today. The recently launched initiative of National Infrastructure Master Plan #GatiShakti and India having 3rd largest start-up ecosystem & unicorn base formed part of discussion. pic.twitter.com/RFX8lyXRze

— Ministry of Finance (@FinMinIndia) October 16, 2021

On October 13, Prime Minister Narendra Modi launched the Rs 100-lakh crore national master plan for multi-modal connectivity that aims to develop infrastructure to reduce logistic costs and boost the economy.

PM Gati Shakti targets to cut logistic costs, increase cargo handling capacity and reduce the turnaround time, Modi said at a function to launch the plan. The plan aims to lend more power and speed to projects by connecting all concerned departments onto one platform. Now, the infrastructure schemes of various ministries and state governments will be designed and executed with a common vision.

In Sitharaman’s meeting with Citigroup chief executive officer (CEO) Jane Fraser, discussions focussed on the banking company’s “commitment towards #MakeInIndia and focus on #Digitisation and Partnerships with #Fintechs towards #digitaltransformation,” the Finance Ministry tweeted.

Union Finance Minister Smt. @nsitharaman met Ms Jane Fraser, CEO, @Citi, in New York, USA, today. @Citi’s commitment towards #MakeInIndia and focus on #Digitization & Partnerships with #Fintechs towards #digitaltransformation was discussed. pic.twitter.com/8IbEUGtYgI

— Ministry of Finance (@FinMinIndia) October 16, 2021

Later, Sitharaman also met IBM Chairman and CEO Arvind Krishna.

“IBM’s interest in India in the areas of hybrid cloud, automation, 5G, cybersecurity, data, and AI (artificial intelligence) formed part of the discussion,” the ministry tweeted.

Union Finance Minister @nsitharaman met @ArvindKrishna, Chairman and Chief Executive Officer, @IBM, in New York, USA, today. @IBM’s interest in India in the areas of hybrid cloud, automation, 5G, cybersecurity, data, and AI formed part of the discussion. pic.twitter.com/e2a7Y2iF6Y

— Ministry of Finance (@FinMinIndia) October 16, 2021

Sitharaman began her week-long US visit with a trip to Boston, where she met CEOs, addressed a roundtable meeting of investors and executives and addressed students and faculty at the Harvard Kennedy School.