Prime Minister Narendra Modi began his meetings in the US on Thursday by meeting with US CEOs from five different key sectors. He held separate one-on-one meetings with the CEOs of Qualcomm, Adobe, First Solar, General Atomics and Blackstone. Later in the day, Prime Minister Modi is scheduled to meet Vice President Kamala Harris today. This will be their first in-person meeting. The Prime Minister will then hold two bilateral meetings with his Australian and Japanese counterparts – Scott Morrison and Yoshihide Suga.
Prime Minister Narendra Modi first held a meeting with Cristiano R. Amon, Chairman and CEO of Qualcomm, at Hotel Willard Intercontinental, Washington DC. In a tweet, the PMO said, “PM Modi highlighted the huge opportunities India offers. Amon expressed his desire to work with India in 5G and other sectors.”
The Prime Minister and Amon talked about investment opportunities in the hi-tech sector in India. He also discussed the Electronics and Telecom Manufacturing PLI Scheme.
PM Modi met Adobe Chairman Shantanu Narain. During the meeting, they discussed the investment opportunities offered in India’s telecom and electronics sector. This includes the recently launched Production Linked Incentive Scheme (PLI) for Electronics System Design and Manufacturing (ESDM) as well as the development of semiconductor supply chains in India. Strategies for building a local innovation ecosystem in India were also discussed.
Prime Minister Narendra Modi interacts with First Solar CEO Mark Widmar. First Solar is a manufacturer of solar panels as well as utility-scale PV power plants and associated services.
Mark Widmar said that while PM Modi’s leadership has clearly worked to strike a strong balance between industrial policy as well as trade policy, this is an ideal opportunity for companies like First Solar to set up manufacturing in India.
The Prime Minister has met Vivek Lal, CEO, General Atomics. General Atomics is a research and development-focused American energy and defense firm. World renowned scientist Lal has taken over as the CEO of the firm with effect from June 1 last year.
The Ministry of External Affairs said that Prime Minister Narendra Modi and Vivek Lal, President and CEO, General Atomics discussed advancing defense manufacturing in India using new technology.
Vivek Lal said, “There are a lot of potential areas of cooperation that we are discussing with, I think American companies and many of my colleagues in American companies see India as a very promising destination.”
After this, Prime Minister Narendra Modi met Blackstone CEO Stephen A. Schwarzman. Blackstone is an American alternative investment management firm based in New York.
The Ministry of External Affairs said that Prime Minister Narendra Modi and Stephen A. Schwarzman, discussed investment opportunities in ongoing projects in India, including the National Infrastructure Pipeline and the National Monetization Pipeline.
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