BlackRock to host global investors meet in India next year

Written by Press Trust of India | New Delhi | Updated: Sep 30 2014, 16:10pm hrs
World's largest asset manager Blackrock will host a global investors meet in India next year, CEO Laurence Flik conveyed to Prime Minister Narendra Modi today.

With total asset under management of over USD 4 trillion, US-based BlackRock has investments in over 100 countries and offices in 30 countries including India.

The BlackRock CEO called on the Indian Prime Minister here today and expressed his keen interest in expanding engagements with India.

"In response to PM @narendramodi call for investments, Black Rock to host global investors meet in India, early 2015," External Affairs Ministry spokesperson Syed Akbaruddin tweeted.

In India, BlackRock also operates a mutual fund, among other activities.

Earlier today, Modi also had a breakfast meeting with CEOs of 11 large American corporations. These included PepsiCo CEO Indra Nooyi, Google Chairman Eric Schmidt, Citigroup chief Michael Corbat, Mastercard CEO Ajay Banga, Cargill's President and CEO David W MacLennan, Caterpillar's Douglas Oberhelman, AES' Andres Gluski, Merck's Kenneth Frazier, Co-founder and Co-CEO of Carlyle Group David Rubenstein, Hospira's Michael Ball and Warburg Pincus' Charles Kaye.