PM Modi interacts with CEOs of five US companies, discusses investment opportunities in India
Prime Minister Modi held detailed talks with the CEOs of the American companies
Prime Minister Narendra Modi, who is on a four-day visit to the US, on Thursday met CEOs of the five noted American companies and discussed investment-related issues with them.
According to a statement from the Ministry of External Affairs, Prime Minister Modi held meeting one by one with Stephen Schwarzman, Chairman and CEO of Blackstone; Vivek Lall, Chief Executive of General Atomics Global Corporation; Mark Widmar, CEO of First Solar; Shantanu Narayen, President and CEO of Adobe; Cristiano Amon, CEO of Qualcomm.
In his meeting with Cristiano Amon, as per the MEA, the Prime Minister discussed investment opportunities offered in India’s telecommunications and electronics sector. This included the recently launched Production Linked Incentive Scheme (PLI) for Electronics System Design and Manufacturing (ESDM) as well as developments in the semiconductor supply chain in India. Strategies for building the local innovation ecosystem in India were also discussed.
With Shantanu Narayen of Adobe, Prime Minister Modi had discussion around the issue-related to India’s flagship programme, Digital India, and use of emerging technologies in sectors like health, education and Research and Development. Both sides also discussed Adobe’s ongoing collaboration and future investment plans in India.
Stephen Schwarzman briefed the Prime Minister about Blackstone’s ongoing projects in India, and their interest in further investments in the infrastructure and real estate sectors. Promising investment opportunities in India including those under National Infrastructure Pipeline and National Monetization Pipeline were also discussed.
In his meeting with Prime Minister Modi, Vivek Lall of General Atomics Global Corporation appreciated the recent policy changes to accelerate defence and emerging technology manufacturing and augment capacity building in India.
In his meeting with Mark Widmar of First Solar, Prime Minister Modi talked about India’s renewable energy landscape, particularly solar energy potential, and the country’s target of 450 GW electricity generation from renewable sources by 2030. Discussions also took place about First Solar’s interest in setting up manufacturing facilities in India using their unique thin-film technology by availing the recently launched Production Linked Incentive (PLI) Scheme, as well integrating India into global supply chains.