Modi dines with Fortune 500 CEOs, business bosses ask for more

Reform in governance is my number 1 priority, says Indian prime minister at the meeting in New York

GN Bureau | September 25, 2015


#narendra modi   #the US   #new York   #ceo   #media   #Rupert Murdoch   #make in india  


Prime Minister Narendra Modi met top CEOs in the US, listing the various sectors that India has opened up for investments and inviting the US business leaders to 'Make in India'.

However, the CEOs want Modi to make faster change to ease business. "All CEOs were of view that the changes that the Prime Minister is trying to make in area of easing business should be made faster," said Vikas Swarup, spokesperson for the ministry of external affairs.

"Reform in governance is my number 1 priority. We are for simplified procedures, speedy decision making, transparency and accountability," Modi told the top 47 CEOs from the Fortune 500 companies whom he met over dinner on Thursday.

"FDI all over the world has fallen but in India it increased by 40 percent. This reflects confidence in the Indian economy," the prime minister said.

Among the CEOs of Fortune 500 companies who attended the dinner were Lockheed Martin Chairman and CEO Marillyn Hewson, Ford President and CEO Mark Fields, IBM Chairman Ginni Rometty, Pepsi Co Chief Indra Nooyi and Dow Chemical Chairman Andrew Liveris.

Citigroup Chairman Michael O'Neill, MasterCard CEO Ajay Banga, Boeing International President Marc Allen, Goldman Sachs President Gary Cohn, Blackstone President Hamilton James, SanDisk co-founder Sanjay Mehrotra, Harman International Chairman Dinesh Palatal and Time Inc CEO Joe Ripp were also present on the occasion.

Modi began his engagements in New York with a roundtable on financial sector with about 15 business leaders of the United States of America.

He also participated in a roundtable on 'Media, Technology and communications- Growth Story for India' which witnessed the participation of about 15 CEOs of top media firms including Rupert Murdoch.



In this meeting he presented India as a technology-driven society, and pledged protection to Intellectual Property Rights (IPR).

"This is a technology driven era. We are a technology driven society," he said at a roundtable meeting with the top executives of companies like Comcast, Time Warner, Discovery, Sony, ESPN, News Corp, 21st Century Fox, Disney Industries, ABC television group.

 

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