Narendra Modi with Stephen Schwarzman in Washington today
Modi meets corporate honchos on day 1 in the USA
Washington D.C.: US visit, Prime Minister Narendra Modi met corporate honchos that included Stephen Schwarzman, Chairman, CEO and Co-Founder of Blackstone, Vivek Lall, Chief Executive of General Atomics Global Corporation, Mark Widmar, CEO of First Solar, Shantanu Narayen, President and CEO of Adobe and Cristiano Amon, CEO of Qualcomm on September 23, 2021.
Stephen Schwarzman briefed the Prime Minister about Blackstone’s ongoing projects in India, and their interest in further investments in the infrastructure and real estate sectors. Promising investment opportunities in India including those under National Infrastructure Pipeline and National Monetisation Pipeline were also discussed.
Vivek Lall spoke about strengthening the defence technology sector in India. Lall appreciated the recent policy changes to accelerate defence and emerging technology manufacturing and augment capacity building in India.
Mark Widmar talked about India’s renewable energy landscape, particularly solar energy potential, and our target of 450 GW electricity generation from renewable sources by 2030. Discussions also took place about First Solar’s interest in setting up manufacturing facilities in India using their unique thin-film technology by availing the recently launched Production Linked Incentive (PLI) Scheme, as well integrating India into global supply chains.
Shantanu Narayen discussed Adobe’s ongoing collaboration and future investment plans in India. Discussions also focused on India’s flagship programme Digital India, and use of emerging technologies in sectors like health, education and R&D.
During the meeting, Cristiano Amon and Modi discussed investment opportunities offered in India’s telecommunications and electronics sector. This included the recently launched Production Linked Incentive Scheme (PLI) for Electronics System Design and Manufacturing (ESDM) as well as developments in the semiconductor supply chain in India. Strategies for building the local innovation ecosystem in India were also discussed.
-global bihari bureau
