[the_ad id="83613"]
PM Modi

PM Modi to top US tech CEOs: ‘Come invest in reformed India’

PM Modi

Asking top CEOs of US companies to invest in India, Prime Minister Narendra Modi said that the country has emerged as a business-friendly destination and its growth present win-win opportunity for two nations.

The steller list of top 21 CEOs included Google’s Sundar Pichai, Amazon’s Jeff Bezos, Apple’s Tim Cook, Caterpillar’s John Umpleby and Walmart’s Doug McMillon among many.

India’s growth presents a win-win partnership for the country and the US, and American companies have a great opportunity to contribute to that, Modi told the CEOs, according to Gopal Bagley.

US CEOs had concerns about the economic scenario in India since demonetization and job creation. The other big area of concern was the trade barriers and investment. India ranking has come down to 130th position among 189 nations in the Ease of Doing Business index.

CEOs express support Make in India and Digital India, Start Up India and other Flagship initiatives of the government. CEOs reaffirm their commitment to growing with India and attest to its attractiveness as FDI destination.

“Terrific meeting with @narendramodi. Always impressed, energized by optimism and invention in India. Excited to keep investing and growing.” Amazon CEO Jeff Bezos tweeted.

The foreign ministry said the CEOs expressed support for “Make in India and Digital India, Start Up India and other Flagship initiatives of the government”.

The implementation of the landmark initiative of GST could be a subject of studies in US business schools, added PM.

Earlier, Entrackr reported about Apple talks with Indian government officials to expand its fledgling iPhone manufacturing base in India. Apple is also creating a new distribution center in India to consolidate its logistics and supply chain.

Also ReadApple plant push: Govt asks, ‘details of Money and Jobs’

The company is expected to open its first physical retail store in India as early as 2018. Apple is said to be looking to open four to five flagship-class stores in the country over the next five to ten years.

Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >

©️ All rights reserved Bareback Media Pvt. Ltd.

Send Suggestions or Tips