PM Modi meets American CEOs to boost investments in India

Modi is in the United States on a four-day visit during which he will attend the first in-person Quad summit on Sept 24 and address the UN General Assembly in New York on 25th of the same month.

He will also hold important bilateral meetings with world leaders.

PM Modi meets Cristiano Amon, CEO of Qualcomm:

During the meeting, they discussed investment opportunities offered in India’s telecommunications and electronics sector.

This included the recently launched Production Linked Incentive Scheme (PLI) for Electronics System Design and Manufacturing (ESDM) as well as developments in the semiconductor supply chain in India.

Strategies for building the local innovation ecosystem in India were also discussed.

Amon also expressed keenness to work with India in areas such as 5G and other digital India efforts.

Modi's meeting with Shantanu Narayen, President and CEO of Adobe:

They discussed Adobe’s ongoing collaboration and future investment plans in India.

Discussions also focused on India’s flagship programme Digital India, and use of emerging technologies in sectors like health, education and R&D.

Modi also met Mark Widmar, CEO of First Solar:

They talked about India’s renewable energy landscape, particularly solar energy potential, and our target of 450 GW electricity generation from renewable sources by 2030.

Discussions also took place about First Solar’s interest in setting up manufacturing facilities in India using their unique thin-film technology by availing the recently launched Production Linked Incentive (PLI) Scheme, as well integrating India into global supply chains.

Modi will meet US Vice President Kamala Harris later in the day.