PM Modi meets CEOs of top American companies including Qualcomm and Blackstone, invites investment into India

Washington/New Delhi : On high-level visit to the US, Prime Minister Narendra Modi on Thursday met CEOs of top American companies such as Qualcomm, Blackstone, First Solar, Adobe and General Atomics.

During the interactions, Modi highlighted economic opportunities India offers and mentioned the reforms undertaken by the government.

In his meeting with Qualcomm CEO Cristiano Amon, the PM discussed the 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.

“Strategies for building the local innovation ecosystem in India were also discussed,” said a statement from Ministry of External Affairs (MEA).

As per scheduled meet, Modi met Adobe President and CEO Shantanu Narayen and discussed the latter’s ongoing collaboration and future investment plans in India. Discussions also focused on India’s flagship programme Digital India, and use of emerging technologies in sectors like health, education and R&D.

With First Solar Chief Executive Mark Widmar, the PM discussed India’s renewable energy landscape particularly solar energy potential.

He also elaborated on India’s efforts to harness solar energy, including the ‘One world, One sun and One grid’ initiative and investment opportunities in the sector.

The Prime Minister also met Vivek Lall, Chief Executive of defense and diversified technologies company General Atomics Global Corporation.

“Discussing a subject of the future, which has captured the imagination of the present,” said a tweet from Prime Minister’s Office (PMO) attaching the picture of the two holding one-o-one discussion.

As part of his planned interactions with top American CEOs, the Prime Minister also held discussions with Stephen Schwarzman, Chairman, CEO and Co-Founder of Blackstone.

During the meeting, 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 Monetisation Pipeline were also discussed,” a statement from Ministry of External Affairs (MEA) said.

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