Piyush Goyal takes India investment pitch to AIA, MetLife, IBM and General Atlantic

Commerce Minister Piyush Goyal pitched India as a long-term investment destination in insurance, financial services, technology and other emerging sectors during meetings with senior executives of AIA Group, MetLife, General Atlantic and IBM in New York.

Goyal urged the global firms to deepen their engagement with India, highlighting the country's regulatory reforms, growing demand, expanding digital ecosystem and large technology talent pool as opportunities for investment and collaboration.

The minister met Mark Tucker, chairman of AIA Group; Michel A Khalaf, president and CEO of MetLife; William E Ford, chairman and CEO of General Atlantic; and Arvind Krishna, chairman and CEO of IBM.

Goyal's insurance pitch

In his meeting with Tucker, Goyal discussed AIA's existing engagement in India and opportunities to expand investments in the insurance and financial services sectors.

Goyal said India's comprehensive regulatory reforms and rising demand for insurance coverage offered global insurers a platform for long-term growth, in line with the government's vision of "Insurance for All by 2047".

He also discussed MetLife's growth opportunities in India with Khalaf. Goyal highlighted the country's expanding insurance and financial services sector, rising demand for long-term savings and protection, and deep technology talent as areas that could support greater collaboration.

Investment and technology focus

With Ford, Goyal discussed opportunities for General Atlantic to deepen its business and investment ties with India and expand its engagement with the country, leveraging the growth of the Indian economy.

His meeting with Krishna focused on building on IBM's longstanding presence in India and expanding cooperation in artificial intelligence, cloud infrastructure, quantum computing and other frontier technologies.

Goyal said India's large talent pool and rapid digital adoption created opportunities to develop and scale technology solutions globally.

Goyal was in the US to participate in the G20 Trade Ministers' Meeting. During the visit, he also met US business leaders in Chicago and addressed the Indian diaspora.