In order to propel investment into India from United States shores, Prime Minister Narendra Modi will on Thursday hold a business round table with the global CEOs in Washington, DC and will also meet select CEOs one and one.
In order to propel investment into India from United States shores, Prime Minister Narendra Modi will on Thursday hold a business round table with the global CEOs in Washington, DC and will also meet select CEOs one and one.
After arriving in Washington, DC on Wednesday, Prime Minister Narendra Modi had said he would interact with the leading CEOs to highlight economic opportunities in India. Among the business leaders whom Prime Minister Modi will be meeting include heads of Qualcomm, Adobe, First Solar, General Atomics and Blackstone.
Let us take a look at the CEOs the prime minister is meeting today.
Vivek Lall from General Atomics
Vivek Lall is the CEO of General Atomics, which makes predator drones. India plans to acquire 30 predator drones to enhance its military capabilities along with the bordering areas with China and Pakistan. Currently, the Indian Navy is using two MQ-9 predator drones.
General Atomics is one of the world's largest privately held nuclear and defence companies. The company provides electro-optical, radar and signals intelligence, and automated airborne surveillance systems and produces a series of unmanned aircraft.
Cristiano E Amon from Qualcomm
Cristiano Amon heads chip making giant Qualcomm Incorporated, and also serves on the Company's board of directors.
Prime Minister Modi’s meeting with the Qualcomm CEO assumes significance as India has been pushing for the 5G technology and wants it to be safe and secure.
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Shantanu Narayen from Adobe
Prime Minister Modi will also be meeting Shantanu Narayen, who heads Adobe -- one of the largest and most diversified software companies in the world. The Adobe Chairman, President and chief executive officer is a recipient of India's civilian honour Padma Shri in 2019.
Adobe reported third-quarter financial results on Tuesday that exceeded forecasts. For its fiscal third quarter, the California-based firm announced a net income of $1.21 billion.
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Stephen A Schwarzman from Blackstone
Another prominent industrialist that Prime Minister Modi will be meeting is Blackstone Chairman, CEO and Co-founder Stephen A Schwarzman. The company invests on behalf of pension funds, large institutions and individuals.
The group has acquired an industrial park in India.
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Mark Widmar from First Solar
First Solar is a leading provider of photovoltaic solar solutions across the world. A few months ago, the company had announced that it will generate 3.3GW power of capacity from a new facility in India at the cost of $684 million.
Solar power is a fast-developing industry in India. As of August 31, India's installed solar power capacity was 44.3GW. In 2015, the solar capacity target was revised to 100GW (including 40GW from rooftop solar panels) by 2022. India seeks investment from abroad in the sector.