Modi to meet 15 global funds as India seeks investment to lift economy

The government is also exploring possibilities to channelise domestic savings and domestic assets in the country

Prime Minister Narendra Modi is set to meet 15 of the world’s largest funds to promote investments in capital-starved sectors like infrastructure. The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country. 

The development comes at a time when capital expenditure has seen a significant fall in view of the Covid-19 pandemic, with companies going slow on their new projects. 

“Fund houses from all over the world are in touch with us and want us to provide good assets and required patent capital (long-term capital) with not