Piyush Goyal Meets US Corporate Leaders to Pitch India Investment and Manufacturing Expansion Union Minister of Commerce and Industry Piyush Goyal engaged with top executives from Target, Mondelez, Nike, Aon, ADM, and Cognition in the US to discuss expanding manufacturing, sourcing, and investments in India. Union Minister of Commerce and Industry Piyush Goyal held a series of bilateral discussions with senior corporate leaders in the United States, focusing on expanding commercial engagements and exploring fresh investment pathways across India. The Minister, on an official US tour scheduled through October 5, used these high-level engagements to highlight expanding industrial capabilities and pitch India as a resilient manufacturing and sourcing hub for global businesses. Discussions with Retail and Food Giants Target and Mondelez During his engagements, Goyal met with Grant McGee, Executive Vice President and Chief Legal and Compliance Officer of major American retailer Target. The dialogue centered on leveraging growing domestic manufacturing opportunities under the Make in India initiative, scaling up the retailer's operational footprint, and boosting direct procurement from Indian suppliers for its international retail network. The Minister also held detailed talks with Amit Banati, Executive Vice President and Chief Financial Officer of confectionery and snack multinational Mondelez International. Highlighting the company's long-standing footprint in the country, Goyal said, "हमने भारत में मोंडेलेज की सात दशक पुरानी मौजूदगी और उसके विनिर्माण, खरीद और निवेश का विस्तार करने के मौकों पर चर्चा की।" The deliberations focused on deepening manufacturing capabilities, widening supply chain integrations, and channeling new capital into Indian operations. Strengthening Sports Ecosystem and Local Sourcing with Nike Earlier, Goyal engaged in a bilateral session with the senior leadership team of sportswear manufacturer Nike. The meeting included Venkatesh Alagirisamy, Executive Vice President and Chief Operating Officer; Rob Leinwand, Executive Vice President and Chief Legal Officer; and George Casimiro, Vice President and Chief Government and Public Relations Officer. Addressing the scope of their engagement, the Minister said, "हमने भारत के साथ नाइकी के लंबे समय के जुड़ाव को आगे बढ़ाने के मौकों पर चर्चा की और विनिर्माण, स्थानीय खरीद तथा व्यापक खेल परिवेश में उसकी मौजूदगी को और बढ़ाने के तरीकों पर विचार किया।" The talks examined ways to deepen domestic assembly, expand local procurement pipelines, and support the evolving sports ecosystem in India. Broadening Partnerships with Aon, ADM, and Cognition In the professional services domain, Goyal conferred with Greg Case, CEO of Aon, to explore strategies for scaling the global professional services firm's operations and expanding service delivery centers within India. Expanding on agribusiness prospects, he met Juan Ricardo Luciano, Chairman of the Board of Directors and CEO of Chicago-based Archer Daniels Midland (ADM), exploring avenues to increase ADM's presence and investments across India's agricultural processing sector. On the technology front, the Commerce Minister also met Paul Grewal, Chief Legal and Global Affairs Officer at tech firm Cognition, exchanging perspectives on technological collaboration and emerging digital opportunities. What this means for you These bilateral discussions are poised to boost domestic manufacturing, enhance export procurement, and generate fresh employment opportunities across key industrial sectors in India. • Across India: Increased local sourcing and manufacturing by global giants can channel significant business to domestic component makers and suppliers. This expansion supports job creation and bolsters industrial capacity under the Make in India framework. • For Consumers: Deeper local manufacturing presence by multinationals often streamlines distribution and enhances product availability across retail and apparel segments. Over time, localized supply chains can also help maintain competitive pricing. • For Suppliers and Exporters: Partnerships in agro-processing, sportswear, and retail sourcing open direct integration pathways for Indian MSMEs into global supply chains. Domestic vendors gain direct access to international commercial networks. • Professional Services: Expanded footprints of global technology and consulting firms will create high-skilled employment avenues for Indian professionals. This will strengthen India's position as a major hub for global business services. Why this happened These high-level corporate interactions reflect India's strategic push to attract foreign capital and position the country as an alternative manufacturing and supply chain hub for global multinationals. • Supply Chain Diversification: Global enterprises are actively diversifying their supply networks away from single-source dependencies. India is leveraging its policy incentives and the Make in India initiative to capture a larger share of global industrial production. • Push for Local Manufacturing: The Indian government aims to transition international brands from merely selling products in India to establishing full-fledged manufacturing and export facilities. This policy focus drives industrial growth and technology transfer. • Deepening Existing Partnerships: Companies such as Mondelez and Nike have operated in the Indian market for decades. The state-level outreach seeks to encourage these established players to expand their domestic procurement, capital outlays, and manufacturing footprint. Questions & Answers 1. How long is Piyush Goyal on his US visit? Union Commerce and Industry Minister Piyush Goyal is in the United States through October 5. 2. Which major US corporate executives did Piyush Goyal meet? He met senior leadership from Target, Mondelez International, Nike, Aon, Archer Daniels Midland (ADM), and Cognition. 3. What was discussed during the meeting with Target? Discussions focused on leveraging Make in India manufacturing opportunities, expanding Target's footprint, and increasing sourcing from India. 4. What was the focus of the meeting with Mondelez International? The talks centered on expanding manufacturing, sourcing, and investments building upon Mondelez's seven-decade presence in India. 5. What points were deliberated with Nike's leadership? The dialogue focused on scaling domestic manufacturing, increasing local sourcing, and expanding Nike's involvement in India's broader sports ecosystem. 6. Which executives represented ADM and Cognition? ADM was represented by Chairman and CEO Juan Ricardo Luciano, while Cognition was represented by Chief Legal and Global Affairs Officer Paul Grewal. https://trendkia.com/en/business/bharata-men-vinirmana-aura-nivesha-barhane-ko-lekara-piyush-goyal-ne-ameriki-koraporeta-diggajon-snga-ki-baithaken-42896 TrendKia — Har trend, sabse pehle.