Modi Meets CEOs of Top American Companies, Encourages them to Invest in India

Sep 24, 2021 World News

Modi Meets CEOs of Top American Companies, Encourages them to Invest in India

Prime Minister Narendra Modi on Thursday held separate meetings with the heads of the top five US companies in areas ranging from 5G to semiconductors, drones and solar energy. During the meeting, he encouraged them to increase investment by mentioning the huge potential available in India.

Following Modi’s meeting with Qualcomm President and Chief Executive Officer (CEO) Cristiano Amon and First Solar CEO Mark Widmer, the Prime Minister’s Office (PMO) wrote on Twitter: “Talks on technology … conversations were fruitful”. According to the PMO, “Prime Minister Modi talked about the huge opportunities available in India. Amon said he looks forward to working with India on 5G and other Digital India initiatives.

Qualcomm Ventures
The Indian Prime Minister first met Cristiano R. Amon, President and CEO of tech giant Qualcomm Ventures, and discussed issues such as 5G, electronics and telecom manufacturing PLI plans and measures to strengthen the innovation ecosystem.

PM Modi talked about “making India a global innovation hub” during the meeting and informed Ministry of External Affairs (MEA) spokesperson Arindam Bagchi. Meanwhile, Cristiano R. Amon expressed his desire to work with India in areas such as 5G.

Thereafter, Prime Minister Narendra Modi met Adobe CEO Shantanu Narain and discussed the company’s ongoing activities in India. The two also talked about ideas for leveraging the flagship program ‘Digital India’ in areas such as health, education and R&D.

first solar
In line to meet PM Modi was Mark Widmar, CEO of power generation company First Solar. The two talked about India’s renewable energy landscape. During the meeting, the Prime Minister elaborated on India’s efforts to harness solar energy, including the ‘One World, One Sun and One Grid’ initiative and investment opportunities in the region.

First Solar’s interest in setting up manufacturing facilities in India using its unique thin-film technology by taking advantage of the recently launched Production Linked Incentive (PLI) scheme and integrating India into global supply chains was also discussed. Hui.

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normal atom
Prime Minister Narendra Modi then met General Atomics CEO Vivek Lal and discussed defense manufacturing and advancing emerging technologies to enhance India’s manufacturing capacity.

PM Modi talked about India’s liberal drone policy and the opportunity in manufacturing due to the PLI scheme with Vivek Lal, who said that India was an attractive destination for manufacturing drones. He also said that a dedicated drone hub could be created in India to support the entire ecosystem of drones.

black Stone
The last CEO who met PM Modi on Thursday was Blackstone’s Stephen Schwarzman, who briefed him about ongoing projects in India and his interest in further investments in the infrastructure and real estate sectors.

Along with the Blackstone CEO, Prime Minister Narendra Modi also talked about “various investment opportunities in India”, including opportunities arising due to national infrastructure and national monetization pipelines.

Amish Mahajani
content writer
JK Media