Piyush Goyal discusses investment opportunities with Carlyle's Conway

Union Minister Piyush Goyal met with William E. Conway, Co-Founder and Co-Chairman of The Carlyle Group, during his four-day visit to the United States from September 30 to October 3., where the two explored opportunities to boost capital flows into India.

Both parties discussed investment opportunities, reflecting Carlyle's positive outlook on India's economic growth.

"Great meeting Mr. William E. Conway, Jr., Co-Founder and Co-Chairman of the Board of@OneCarlyle, one of the world's largest and most diversified investment firms. With the firm's bullish outlook for India, explored investment vehicles that would further strengthen capital flow into the country to aid future growth," Trade Minister Goyal said in a social media post.


This meeting underscored India's potential as an investment destination, boosting its global financial image.

Earlier in his visit, Goyal announced that India and the U.S. had signed a Memorandum of Understanding (MoU) on critical minerals. This aims to keep supply chains open and enhance cooperation between India's Ministry of Mines and the U.S. government.

Goyal explained that the MoU focuses on creating resilient semiconductor supply chains. "This was our sixth commercial dialogue, building on last year's progress. The strategic discussions, including the critical minerals MoU, centered around resilient semiconductor supply chains. The talks also addressed sustainability and clean energy... There was significant discussion on exploring newer areas of cooperation, such as tourism," he stated.

He further mentioned ongoing efforts to expand bilateral engagement to other parts of the world, including joint projects in third countries and attracting investments for joint ventures.

Additionally, new business collaboration dimensions, particularly in technology and investment, were discussed at the 9th CEO Forum.