US Consul General in the financial capital Mike Hankey on Thursday said five pension funds from America, having more than USD 1.8 trillion of assets under management, will be visiting India to scout for long-term investment opportunities next week.
He said the visiting executives from the funds will also be meeting financial regulators like the RBI and SEBI and also trying to understand the booming IPOs in India, without disclosing their names or the investment targets.
_US pension funds have directly or otherwise invested over $50 billion in India, while the Development Finance Corporation has invested another $4 billion._.
These five funds have members from across the 50 states of the US, he said, adding that these include Democrats and Republican states.
He said the 'Mutual Futures Pension Fund Roadshow' is being arranged by the US, along with India's Ministry of Finance and the National Infrastructure Investment Fund.
"We're bringing these high-level executives out to meet the top Indian political and business leaders to learn more about the Indian investment market," Hankey said.
Their visit to the financial capital apart, the executives will be taken to Bengaluru also during the visit being arranged as part of efforts to bring more US investment into India to build a long-term partnership between the two countries, he said.
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