New Delhi: Indian Prime Minister Narendra Modi met with executives of several global firms in an effort to improve Indo-US cooperation in artificial intelligence, semiconductor manufacturing, space and other key areas. PM Modi met CEOs of Google, Apple, Microsoft and other tech giants as part of the signature “Innovation Handshake” campaign.
In these discussions, PM Modi highlighted the latest steps taken by the Government of India to remove regulatory hurdles preventing partnership between the two countries.
Here’s what India gained from PM Modi’s US visit and his “innovation handshake” with CEOs of US-based technology majors:
Google investment in India
Google and Alphabet CEO Sundar Pichai on Friday announced that Google is spending $10 billion in India’s digitization fund after meeting him in Washington DC and PM Modi’s goal of Digital India as a model for other countries. Will work in
micron investment in india
Micron Technology has committed to invest over $800 million in building a $2.75 billion semiconductor assembly and test facility in India, with the country providing the remaining funds.
ISRO-NASA joint mission
India ratified the Artemis Agreement, a framework for international cooperation in space exploration among countries participating in NASA’s aspirations to explore the Moon. Additionally, it was decided to launch a cooperative trip to the International Space Station in 2019 between NASA and the Indian Space Research Organisation.
GE-HAL deal
In a significant announcement coinciding with Prime Minister Modi’s visit to the US, GE Aerospace revealed that it has signed an MoU with Hindustan Aeronautics Limited (HAL) to manufacture fighter jet engines for the Indian Air Force.
Amazon
Following his meeting with Prime Minister Narendra Modi in Washington, DC, Amazon CEO Andrew Jesse promised to create more jobs in India. A senior Amazon executive recently revealed that the e-commerce giant intends to increase its overall investment of $26 billion in India by another $15 billion.
,with input from the agency,