Prime Minister Narendra Modi on Sunday met with the CEOs of 20 leading US companies, interacting with the panel discussion with Apple’s Tim Cook, Google Sunder Pichai, Cisco’s John Chambers and Amazon’s Jeff Bezos.
He said that India has become a favorable destination for business, even more so with the next implementation of the GST story beginner next month, while asking the CEO to invest in the country.
The prime minister also said India has attracted the largest amount of foreign direct investment (FDI) as a result of the NDA government’s policies over the last three years.
PM Modi also referred to the reforms carried out by his government, saying they have more than 7000 people and their goal is “to facilitate business and minimize government, maximum government.”
“It interacts with more managers. We held a broad debate on opportunities in India,” said PM Modi after the meeting, which lasted about 90 minutes.
He said that the world now focuses on India’s economy, especially in areas such as manufacturing, commerce, trade and people-to-people, because of a young and expanding middle-class population.
“The whole world looks at India. 7000 Goi reforms to facilitate business and minimal government, top government,” Gopal Bagley, a spokesman for the Foreign Ministry, quoted the prime minister as saying.
The growth of India presents a mutually beneficial partnership for the country and the United States, and American companies have a great opportunity to contribute to it, PM Modi said the CEO.
“If the United States gets stronger, India will be a natural beneficiary,” he said. With respect to the tax on goods and services tax (GST), Modi said that its application is a complex task that could be “an object of study in US business schools.”
“This shows that India can make big decisions and implement them quickly,” he said. During the interaction at the Willard Hotel, where he stayed, PM Modi also gave a list of top employers.
The Prime Minister emphasized tourism opportunities through developing hotels in the PPP (public and private partnership) model at 500 railway stations, said M. Baglay.
Modi said that his government has focused on improving the quality of life of people and added that work for this purpose requires a global partnership.
Therefore, he said, India is working on principles such as minimum governance, maximum governance, efficiency, transparency, growth and benefits for all.
“In the concluding remarks, PM highlights imp co-OPN 4 start, innovation and exploit enormous potential for intellectual, edu and training in India,” Baglay said.
CEOs welcomed the prime minister’s initiatives for the demonetization and digitization of the economy and GST, the spokesman said.
They also expressed their support for “doing in India”, “Digital India”, “India’s launching” and other government flagship initiatives.
According to Indian officials attending the meeting, several CEOs have shown their willingness to be partners in the development of educational skills and initiatives in India.
They also mentioned the social initiatives carried out by their companies in India in the empowerment of women, digital technology, education and food processing. Infrastructure security, manufacturing defense and energy were also discussed at the meeting.
“CEOs applaud the reform measures and measures taken by the government to improve the ease of business,” Baglay said.
“The CEO outlined priorities in India and suggestions for mutually beneficial partnerships in relation to inclusive growth,” he said, adding that they reaffirmed their commitment to grow with India and attest to its attractiveness as a destination for FDI.
Pichai told reporters after the meeting that Google was excited to invest in India.
In praising the measures taken by the Indian government over the past three years, he said that American companies are eagerly waiting for the deployment of the GST.