Prime Minister Narendra Modi said India has now emerged as a business-friendly destination, more so with the upcoming implementation of landmark GST beginning next month, while asking CEOs of top US companies to invest in the country.
Here are the updates from the PM Narendra Modi’s Round Table meeting with US business leaders:
# I believe GST is a game changing reform, its not just a tax reform its a new way of doing business: Krish Iyer, CEO Walmart India on GST
# It was a very good discussion, we reiterated our commitment to India: Krish Iyer, CEO Walmart India after CEO's meeting with PM
# Looking forward to roll out,I know it was difficult; excited to see it happen,shows you can achieve reform by pushing for it: Pichai
# I think everyone is excited to invest more in India and I am excited as to what we all can do together: Google CEO Sundar Pichai
# PM was looking for insights into how India can attract more foreign investment,many good ideas discussed: Google CEO Sundar Pichai
# It was very good, it was a discussion across many industries: Google CEO, Sundar Pichai after meeting PM Modi at CEOs round table
# We have a common theme in all of them, we have the capability of providing India with solution. We have the knowhow: Prof Rajendra Singh
# There are 3 areas where dramatic changes will happen in India-Manufacturing,solar energy,electric vehicles: Prof Rajendra Singh,Clemson Univ
# Hope both (Modi-Trump) will come up with solution;benefit of both to work together-Nandini Tandon,Silicon Valley entrepreneur
# Hope Modi ji will be able to share with Trump our beautiful vision of Vasudhaiva Kutumbakam, and oneness: Sadhvi Bhagwati
# Historic moment for India and America, two great nations, two great democracies: Swami Chidanand Saraswati in Washington DC on PM's US visit
# Washington DC: Modi ji's visit here is like a festival.India's future is vibrant under him:Rahul Roy,Chief Tech officer of ARC Doc Solutions
# The implementation of the landmark initiative of GST could be a subject of studies in US business schools: PM Modi
# Growth of India presents win-win partnership for India & US both, US cos. have a great opportunity to contribute to that: PM Modi
# The whole world is looking at India. 7,000 reforms alone by GOI for ease of biz n minimum govt, max governance: PM Modi
Modi also said India attracted largest foreign direct investment (FDI) as a result of the NDA government policies in the last three years, during his interaction with a group of CEOs of top 20 American firms.
In a round table interaction with the group, including Tim Cook of Apple, Sunder Pichai from Google, John Chambers from Cisco and Jeff Bezos of Amazon, Modi listed out steps taken by his government in the last three years and next moves.
During the hour-long interaction, at the Willard Hotel, where he is staying, Modi gave a patient hearing to the wish-list of the CEOs.
Among other CEOs present at 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.
Posting a group picture of the prime minister with the CEOs, Bagley 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.
Noting that US-India trade has tripled over the last decade, reaching a historic high of nearly USD 110 billion in 2015, USIBC said there is an opportunity for both the countries to also sync their regulatory and standards system to increase trade and investment.
In a separate statement, Jagdip Ahluwalia, executive director of Indo American Chamber of Commerce of Greater Houston, said the United States and India share a very symbiotic relationship, and Modi’s first face to face visit with Donald Trump is important to strengthen the relationship between the two.
“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,” Ahluwalia said.
With PTI inputs
— ANI (@ANI_news) June 25, 2017