TheNFAPost Podcast

As part of building close relationship with new US government led by Biden administration, Prime Minister Narendra Modi met some of the leading American CEOs on the first day of his visit and discussed many topics varying from drone to 5G, semiconductor and solar. He will also hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris.

Ahead of his meeting with the business leaders, Modi had said he would interact with leading CEOs to highlight economic opportunities in India. The PM has also urged the CEOs of Qualcomm, Adobe, First Solar, General Atomics and Blackstone to step up their investments in India by highlighting various opportunities coming their way.

With Qualcomm’s CEO Cristiano E Amon, PM discussed India’s new drone policy and assured him about Indian talents and to start manufacturing with the advantage of the production-linked incentive (PLI) scheme it offers. In response, Amon expressed his gratitude to work with India on pioneering digital transformation programmes including in 5G, PM WANI and others. He also expressed interest in partnering with India to work in the field of semiconductors.

“Toward making India a global innovation hub! Discussed recent electronics and telecom manufacturing PLI schemes; and measures to strengthen innovation ecosystem,” Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi tweeted.

With Adobe CEO Shantanu Narayen, Prime Minister Modi discussed Adobe’s continuing activities in India and future investment plans, according to Bagchi. PM Modi and General Atomic CEO Vivek Lall discussed India’s progress in drone technology, including the unconventional reforms and PLI scheme, the PMO said in a tweet.

Mark Widmar of First Solar shared plans to use the PLI scheme for manufacturing solar power equipment with unique thin-film technology; and merge India into global supply chains.

Interacting with PM Modi, Blackstone’s Schwarzman assured investment opportunities in India, including those under National Infrastructure Pipeline and National Monetisation Pipeline.

Speaking at at the India-US Bilateral Meeting, Prime Minister Narendra Modi said he firmly believes that in the summit talks he finds that this is the third decade of the 21st century, this is the first year of the third decade and he believes that the seeds have been sown for the Indo-US relations to expand and for all democratic countries in the world, this is going to be a transformative period.

“This is when I see that this transformative period is in Indo-US relations, and when I talk about traditions, I am talking about the democratic traditions, democratic values, traditions to which both our countries are committed and I find that importance of these traditions will only increase further,” said Narendra Modi.

Prime Minister also mentioned that more than 4 million Indian-Americans who are participating in the journey of progress of America.

“When I look at the importance of this decade and the role that is going to be played by this talent of Indian-Americans, I find that this people to people talent will play a greater role and Indian talent will be a co-partner in this relationship and I see that your contribution is going to be very important in this. ,” he said.

Narendra Modi also highlighted the fact that the most important driving force in the world today would be that of technology and the technology that is going to be for the service and for the use of humanity and he finds that opportunities for this are going to be tremendous.

Between India and the United States, Prime Minister said trade will continue to assume importance and India finds that the trade between our two countries are actually complementary. “There are things that you have and there are things that we have and then we in fact complement each other. And I find that in the area of trade during this decade, that is also going to be tremendously important,” he added

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