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Prime Minister Narendra Modi met CEOs of technology companies including Microsoft's Satya Nadella, Mahindra Group's Anand Mahindra, Google's Sundar Pichai and others. It is about the deepest technology cooperation between India and the United States.
During his visit to the United States, Indian Prime Minister Narendra Modi met CEOs from technology companies including Apple, Alphabet and Microsoft. The talks took place at the White House and focused on exploring investment opportunities and solving challenges in the Indian market. Apple CEO Tim Cook in particular expressed his delight at the great potential that India has to offer, citing the recent opening of two retail stores in the country. Modi also met with Tesla CEO Elon Musk earlier this week.
The visit is Modi's first visit to the United States since taking office in 2014. Following the meeting, the White House announced a partnership between Google and the Indian Institute of Science to commit to open-source speech data for AI models work. OpenAI CEO Sam Altman also attended the event and discussions with Modi focused on possible collaborations in the field of artificial intelligence.
Hemant Taneja, CEO of venture capital firm General Catalyst, attended the roundtable and announced plans to join forces to relax technology transfer rules between the US and India. Taneja stressed the importance of fostering greater cooperation between the two countries, particularly to manage the digital tensions they are experiencing with China.
Modi's visit was an opportunity for major semiconductor companies such as Micron and Applied Materials to announce major investments in India. Micron plans to establish a facility in Modi's home state of Gujarat as part of a broader industry effort to diversify its chip supply chain.
While India offers tantalizing prospects, US companies face challenges in accessing skilled labor and dealing with outdated labor laws as they expand their operations in the country. Regulatory uncertainty and difficulties related to relocating or relocating employees are a constant concern for American businesses.
Kenneth Juster, a former US ambassador to India and now a senior member of the Council on Foreign Relations, remains optimistic, noting that India is committed to making it easier for foreign companies to do business.
First Post: Jun 24, 2023 2:33pm IST
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