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Modi meets top US CEOs to pitch for investment in India

Modi meets top US CEOs to pitch for investment in India

India Blooms News Service | | 29 Sep 2014, 07:56 pm
New York, Sept 29 (IBNS): Indian Prime Minister Narendra Modi, who is on a five-day visit to the United States, met top American CEOs over a powerful breakfast meeting on Monday to pitch for investment to develop India's infrastructure.
"India is open-minded. We want change. Chnage that is not 1 sided. Am discussing with citizens, industrialists & investors," Ministry of External Affairs spokesperson Syed Akbaruddin tweeted, quoting the Prime Minister as saying. 
Modi said India has huge scope for infrastructure development.
"Infrastructure development is a big opportunity; it creates jobs & enhances quality of life of our citizens," he said to the captains of 11 top US corporations.
During the meeting, CEO of Boeing James McNerney told Modi that: " Boeing wants to accelerate  engagement with India."
The breakfast meeting reportedly included Mastercard CEO Ajay Banga, Cargill’s President and CEO David W MacLennan, Caterpillar’s Douglas Oberhelman, AES’ Andres Gluski, Merck’s Kenneth Frazier, co-founder and co-CEO of Carlyle Group David Rubenstein, Hospira’s Michael Ball and Warburg Pincus’ Charles Kaye.
The breakfast meet was followed by one-on-one meetings with six CEOs of Boeing, KKR, BlackRock, IBM, General Electric and Goldman Sachs.