securing much-needed investment inflows, following the Prime Minister’s meeting with the chief executives of five major multinational corporations in the US. The first was New York-based Blackstone Inc., which has viewed India as its most profitable market. Following his meeting with PM Modi, Blackstone’s chief executive Stephen Schwarzman revealed that while his company has already invested US$ 60 billion in the South Asian nation, it is planning to invest another US$40 billion over the next five years.
With New Delhi currently looking to purchase US$3 billion worth of predator drones manufactured by San Diego-based General Atomics, it came as no surprise that the Indian Prime Minister’s meeting with the defense corporation’s CEO Vivek Lall was also a highlight of the three-day visit. According to Lall, the company has expressed its interest in advancing defence manufacturing and augmenting capacity building in India.
Over the recent years, India’s solar energy sector has being booming, particularly as a result of the country’s efforts to develop a renewable energy supply of 450 gigawatts by 2030. Among those countries which have been capitalising on the lucrative industry has been First Solar, which has also manufactured seven solar parks in several parts of the country. Among those who met with the Indian PM last week was the company’s chief executive Mark Widmar, who discussed the Indian leader’s ‘One world, One sun and One grid’ initiative.
American multinational computer software company Adobe Inc. is one of the world’s largest IT companies having strong presence in India. According to the company’s CEO Shantanu Narayen the dominant IT market in the South Asian nation is the company’s “secret weapon”. He revealed that his discussion with PM Modi was focused on Artificial Intelligence, media and start-ups and his company’s plans to invest in a digital scheme in India, focused on education, healthcare and R & D.
There are several companies eager to invest in India’s upcoming 5G sector and they include American microchip manufacturer Qualcomm. The company has already invested a total of US$9.91 billion in Indian technology company Jio Platforms. “It was a great meeting. We’re so proud of a partnership with India,” the company’s CEO Cristiano Amon said, following his meeting with the Indian Prime Minister. “We talked about 5G and its acceleration. We talked about an incredible opportunity to advance the industry not only domestically in India but India as export of technology.”
