New Delhi: Prime Minister Narendra Modi, who arrived in the US for his three-day visit to the United States, will hold several high-profile talks, including meetings with President Joe Biden and Vice President Kamal Harris.
Modi will also attend a summit of Quad leaders and address the United Nations General Assembly (UNGA).
During his meetings with the CEOs, the PM will highlight the economic opportunities in India. In this aspect, on Thursday, Modi will meet top five US CEOs, including Indian Americans – Shantanu Narain from Adobe and Vivek Lal from General Atomics. The other three are Cristiano E Amon from Qualcomm, Mark Widmar from First Solar and Stefan A Schwarzman from Blackstone.
Here’s Why Meeting With American CEOs Matters
The Prime Minister’s meeting with US CEOs from five different key sectors reflects the priorities of his government.
Strengthening Military Capabilities: The company is significant because the company is not only a leader in military drone technologies, but it is also the world’s top manufacturer of state-of-the-art military drones, which the US shares only with its major allies and partners.
Jakarta-born Vivek Lal, now based out of California, remains a key partner and instrumentalist in executing major bilateral defense deals worth nearly $18 billion, as India and the US take steps to forge a new relationship in which Defense trade is a major pillar. .
In addition, India is in the process of procuring a significant number of drones for the three branches of its armed forces. Apart from this, some drones have been leased from General Atomics.
A big push for the IT sectorThe meeting with chip giant Cristiano Amon is significant, given India’s push to make 5G technology safe and secure.
The San Diego-based company manufactures semiconductors, software and services related to wireless technology. A world leader in 3G, 4G, and next-generation wireless technology innovations for more than 30 years, Qualcomm is now making its way to 5G with a new era of intelligent products that span industries including automotive, computing, and IoT. bringing revolution.
Apart from this, India is eyeing a big investment from Qualcomm. Lastly, Adobe demonstrates the IT and digital priority that the Indian government is pushing for.
achieving renewable energy goals
As India continues to make major strides in harnessing solar energy to meet its energy needs, the meeting with Mark Widmar assumes significance as First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, thanks to its advanced modules and Uses system technology. .
Earlier this summer, the Arizona-based company announced the addition of 3.3 GW of capacity at a new facility in India at an estimated cost of USD 684 million.
advance investment
Stephen A. Schwarzman is the chairman, CEO and co-founder of Blackstone, one of the world’s leading investment firms investing capital on behalf of pension funds, large institutions and individuals.
In March this year, Blackstone announced that the fund managed by Blackstone Real Estate has acquired Warburg Pincus and Embassy Industrial Park from Embassy Group in one of India’s largest logistics transactions.
Thereafter, he is scheduled to meet President Joe Biden, Vice President Kamala Harris, Prime Minister Scott Morrison of Australia and Yoshihide Suga of Japan.
(with inputs from PTI)
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