PM Modi Sells India Dream to American CEOs

CEOs of IBM, Walmart, Lockheed Martin, JP Morgan and Coca-Cola were one of the few top American corporations to have an exclusive round table discussion with PM Modi

Published on:

26 Sep 2019, 9:30 am

New York, USA: Prime Minister Narendra Modi chaired an exclusive roundtable discussion, at New York, with 42 global captains of industry from across 20 sectors. The companies that participated in the roundtable had a combined net worth of US$ 16.4 trillion, of which their net worth in India is US$ 50 billion.

The gathering included Ginni Rometty, Chairman, President and CEO of IBM, Douglas McMillon, President and CEO of Walmart, James Quincey, Chairman and CEO of Coca-Cola, Marillyn Hewson, CEO of Lockheed Martin Jamie Dimon, Chairman and CEO of JP Morgan, James D. Taiclet, CEO of American Tower Corporation and co-chair of the India-US CEO forum. Senior executives from Apple, Google, Marriott, VISA, Mastercard, 3M, Warburg Pincus, AECOM, Raytheon, Bank of America, Pepsi were also there.

The CEOs briefly outlined their specific plans in India and also put forth recommendations to aid India's efforts towards skill development, Digital India, Make in India, inclusive growth, green energy and financial inclusion. The participants appreciated the great strides made by PM Modi in striving towards ease of doing business and many reforms which have led to a conducive environment for investors. The business leaders complimented the Prime Minister on taking strong decisions with a focus on Ease of Doing Business and making India more investor-friendly.

In response to the CEOs' comments, PM Modi stressed upon continued political stability, predictability of policy, and pro-development and pro-growth policies. He further emphasised the development of tourism, plastic recycling and waste management initiatives, and to enhance the business of MSMEs, especially those which create more opportunities for farmers and agriculture. He urged the companies to leverage the Startup India innovation platforms in partnership with other countries – to make solutions not only for India but for the world, including challenging issues like nutrition and waste management.

The Prime Minister, Narendra Modi in a group photograph with the CEOs at a Roundtable, in New York, USA on September 24, 2019.

The DPIIT– and Invest India-organized interaction included the Union Minister for Commerce and Industry, Piyush Goyal, and senior officials from the Department of Promotion of Industry and Internal Trade and Ministry of External Affairs.