PM Modi holds round-table conference with top CEOs in United States

When Prime Minister Narendra Modi met 20 top business leaders in Washington DC on Sunday, his focus was on sharing with them the strides that India has made in the sphere of economic reforms.

He told them about how India has emerged as a business-friendly destination, more so with the upcoming implementation of landmark GST beginning next month. The CEOs lauded India for the reforms undertaken by it and expressed their desire to invest in India.

PM Modi not only outlined moves by the Indian govt. to attract FDI into the country but also gave a preview of what more the govt. proposes to do to further boost India’s economic growth.

After the 90 minute long Round Table with US business leaders, PM Modi tweeted, ‘Interacted with top CEOs. We held extensive discussions on opportunities in India.’

While PM Modi touched upon a host of issues with the business leaders, the five big messages sent out by the PM were:

‘MAKE IN INDIA IS AN OPPORTUNITY’

Prime Minister Modi 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.

‘COME, INVEST IN INDIA’

Inviting captains of America Inc. to invest in India, PM Modi pointed out that India has emerged as a business-friendly destination.

‘GOVT’S THRUST ON ECONOMIC REFORMS’

PM Modi said that the whole world is focused on India’s economy and the Union Government alone has initiated 7000 reforms to usher in Minimum Government Maximum Governance.

He also highlighted India’s position as the recipient of highest FDI in the world due to the economic reforms undertaken to encourage foreign investment into India.

‘GST TO BOOST EASE OF DOING BUSINESS’

PM Modi hailed GST that would be rolled out in India from 1st July as a major move to enhance ease of doing business in the country and one that shows that India can take big decisions and implement them swiftly.

He explained that the indirect tax reform is becoming a reality after years of effort and suggested that its implementation may well be a subject of future case-studies in US business schools.

‘IMMENSE TOURISM POTENTIAL IN INDIA’

The Prime Minister also pointed out investment opportunities in India’s tourism sector like developing hotels in public private partnership model at 500 railway stations.

CEOs appreciated the Prime Minister for his policy initiatives and the work done in recent times towards ease of doing business and displayed their eagerness to invest in India.

Among those present at the Round-table were:

Tim Cook, CEO, Apple

Satya Nadella, CEO, Microsoft Corporation

Sundar Pichai, CEO, Google

John Chambers, Executive Chairman, Cisco

Jeff Bezos, CEO Amazon

Krish Iyer, CEO of Walmart in India

Shantanu Narayan, President and CEO, Adobe

Ajay Banga, CEO, MasterCard

David Farr, CEO, Emerson

Doug McMillon, President and CEO, Walmart

Punit Renjen, CEO, Deloitte Global

Dr. Mukesh Aghi, President U.S.-India Business Council

PM Modi’s meeting with CEOs promises to be a catalyst for further investment by America Inc. into India.

(SA – @27/06)
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