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Prime Minister Narendra Modi spoke to the heads of technology companies such as Microsoft's Satya Nadella, Mahindra Group's Anand Mahindra, Google's Sundar Pichai and others. He discussed in-depth technological cooperation between India and the US.
During his visit to the US, Indian Prime Minister Narendra Modi met with the heads of technology companies such as Apple, Alphabet and Microsoft. The talks were held at the White House and focused on exploring investment opportunities and solving problems in the Indian market. In particular, Tim Cook, CEO of Apple, expressed his admiration for the huge potential of India, noting that two retail stores have recently opened in the country. Earlier this week, Modi met with Tesla CEO Elon Musk.
The visit was 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 work on open source speech data for artificial intelligence models. OpenAI CEO Sam Altman was also present at the event and discussions with Modi focused on possible AI collaboration.
Hemant Taneja, CEO of venture capital firm General Catalyst, took part in the panel discussion and expressed interest in harmonizing efforts to streamline technology transfer legislation between the United States and India. Tanezha stressed the importance of expanding cooperation between the two countries, especially given the ongoing digital tensions with China.
Modi's visit is also 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 state of Gujarat as part of a broader industry effort to diversify the chip supply chain.
While India offers attractive prospects, US companies seeking to expand their operations in the country are facing challenges in finding qualified workers and dealing with outdated labor laws. Regulatory uncertainty and issues related to relocation or layoffs continue to be a concern for US companies.
Speaking to FMC India CEO Raju Kapoor, “FMC is honored to welcome Prime Minister Modi to the United States. Agriculture in India is in dire need of new technological interventions. We at FMC have the appropriate technologies in chemical, biological and precision farming to combat low crop yields in India. We look forward to a more responsive regulatory ecosystem to help us quickly bring this technology to Indian farmers.
Kenneth Juster, a former US ambassador to India and now a prominent member of the Council on Foreign Relations, remains optimistic and says India is looking to make it easier for foreign companies to do business.
Initial Release: June 24, 2023 2:33 PM IST
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