PM Modi to top CEOs: ‘India’s growth presents a win-win partnership with US’

PM Narendra Modi asked top US CEOs to invest in India as the country will continue to stay a business-friendly destination and will have better investment opportunities after the landmark tax initiative GST is implemented.

By: Express Web Desk | Washington | Updated: June 26, 2017 9:47 am
narendra modi, donald trump, modi in us, pm modi us, modi us visit, modi trump dinner, narendra modi us visit, donald trump modi meeting, indian express Prime Minister Narendra Modi with top American CEOs after a round table interaction in Washington on Sunday. (Source: PMO/Twitter)

In a bid to promote the soon to be implemented Goods and Services Tax (GST), Prime Minister Narendra Modi asked top american CEOs to invest in India as it is emerging as a “business-friendly destination” and that things will only get better once the game-changing tax reform is implemented. Modi was interacting with the CEOs of top 20 American firms at a round table meeting which was attended by CEOs including Apple’s Tim Cook, Google’s Sundar Pichai, Microsoft’s Satya Nadella, Amazon’s Jeff Bezos and John Chambers from Cisco among others.

PM Modi also spoke about the policies of the NDA government during the last three years and said that as a result of the successful implementation of these policies, India has attracted largest foreign direct investment (FDI). He also listed out the steps taken by his government since coming to power and next moves. “The whole world is looking at India. 7,000 reforms alone by GOI for ease of (doing) business and minimum government, maximum governance,” Gopal Bagley, spokesman of the Ministry of External Affairs said in a tweet from inside the meeting, quoting the prime minister.

According to Bagley, Modi also told the CEOs that 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. Speaking about GST, Modi said that the implementation of the landmark tax reform could be a subject of studies in business schools across US. The prime minister patiently listened to the wish list of the CEOs during the hour-long interaction at the Willard Hotel, where he is staying. Other CEOs who attended the meeting were Shantanu Narayen from Adobe, Ajay Banga from Mastercard, David Farr from Emerson, Doug McMillon and Punit Renjen from Deloitte Global. Mukesh Aghi, president of the US India Business Council, was also present at the meeting.

Bagley posted a group picture of Modi and the CEOs and said,”strengthening the Indo-US economic partnership”. In a recent policy document, USIBC said the US-India commercial and strategic relationship supports global security, promotes economic growth and creates jobs for both countries and the global economy. “Today, as we witness a paradigm shift in the erstwhile global order, an opportunity has emerged for both countries to set new standards in bilateral ties that will be bound by their shared values,” USIBC said.

USIBC also said that both the countries have an opportunity to sync their regulatory and standards system for increased trade and investment since trade between the two nations has tripled over the last decade and has reached a historic high of nearly USD 10 billion in 2015.

Executive director of Indo American Chamber of Commerce of Greater Houston Jagdip Ahluwalia, said in a separate statement that both the nations share a very symbiotic relationship and the Indian Prime Minister’s first face to face meeting with President Donald Trump is important to strengthen their relationship. Ahluwalia added: “On behalf of Houston, the energy capital of the world and home of the world’s largest Medical Center the IACCGH and the strong Indian American community hope to welcome Prime Minister Modi to Houston in the not too distant future.”

With inputs from PTI

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  1. A
    Jun 26, 2017 at 4:05 pm
    "Chatur Baniya "
    1. D
      Jun 26, 2017 at 9:16 am
      Modi with his business acumen as a CHAIWALA TOOK BUSINESS LESSONS TO ALL THOSE CEOs.
      1. B
        Jun 26, 2017 at 2:14 pm
        Smoke from your ash
      2. I
        Jun 26, 2017 at 8:36 am
        The list of CEOs all seem to be from the IT sector broadly defined. Isn't there anything else in engineering? Amazon wants to create value by wiping out the middlemen including the small traders. Adobe does net publishing software, Google's business model is to undervalue everyone else's work, enabling piracy and plagiarism while they collect ad revenues, etc etc. If social media companies are to see value in India, they have to be paid either for content or for delivery. Neither of this is possible in India on any large scale.
        1. D
          Jun 26, 2017 at 9:18 am
          Only IT sector has top paid brahmin desk clerks. Modi is just a pimp for those desk clerks and that is what he has been asked by Brahmin American Foundation(Cowardly operating under the name of Hindu American Foundation). Because Brahmins are only fit to be CLERKS. It is good that they are not anywhere near Engineering!
          1. B
            Jun 26, 2017 at 2:15 pm
            Join Somali pirates. You will enjoy like anything
        2. P
          Jun 26, 2017 at 7:03 am
          I notice a complete absence of the Word "Make in India" in this report and other news outlets today! What gives". For the PM of a poor country it is amusing to watch someone who flaunts an outfit a day with careful selection of a cloth pounting out of his coat pocket! Rajiv Gandhi tried it and he too had not much under his hat as well.
          1. I
            Jun 26, 2017 at 1:44 am
            Elon Musk has exploited Indian Army with Space X and Tesla companies. It is a disgrace to India and Indian Military that Elon Musk has blatantly exploited Indian Army. PM Modi must take up this issue of Intellectual Property with US President Trump and either shut down Space X and Tesla or negotiate an agreement. At the end of World War 2, the largest standing army on Earth was Indian Army. India celebrates Republic day not so to be blatantly exploited by Elon Musk.
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