Prime Minister Narendra Modi embarked on a visit to the United States, which began on Wednesday, i.e 22nd September 2021. On Thursday, 23rd September, PM Modi held extensive discussions with five leading American CEOs belonging to five different key sectors. This engagement with top business leaders was carried out in order to explore ways to bridge economic linkages between the two countries.
PM Modi met CEOs of Qualcomm, Adobe, First Solar, General Atomics and Blackstone. It is worth noting that two of the CEOs are India-American, namely, Shantanu Narayen from Adobe and Vivek Lall from General Atomics. The other three are Cristiano E Amon (Qualcomm), Mark Widmar (First Solar), and Stephen A Schwarzman (Blackstone).
“Through the morning, I had extensive discussions with top CEOs and business leaders on investment in India. They were appreciative of India’s reform trajectory. Closer economic linkages between India and the USA benefit the people of our nations,” PM Modi said after meeting with American CEOs.
Know about these business leaders and top American CEOs.
1. Shantanu Narayen – Adobe
Shantanu Narayen is chairman, president and chief executive officer of one of the largest American multinational computer software company, Adobe. Originally called Adobe Systems Incorporated, the software company specialises in the creation of a wide range of content including graphics, photography, illustration, animation, multimedia/video, motion pictures and print. Shantanu Narayen joined Adobe back in 1998. He began his journey as Vice President and became the CEO of the company in 2007.
Prime Minister Narendra Modi’s meeting with the CEO of Adobe is meant to emphasize the IT and digital priorities for India by the Indian government. In a tweet, PM Modi mentioned that he discussed interesting ideas relating to ed-tech, supporting Indian start-ups and boosting innovation. Adobe CEO also expressed keenness to take the joys of video and animation to every child in India.
Shantanu Narayen is an Indian-American, who took to the US in order to pursue a master’s degree. Prior to Adobe, he was a [product developer at Apple. Among his achievements, Shantanu Narayen is a recipient of India’s civilian honour Padma Shri.
2. Vivek Lall – General Atomics
Considering drones as an upcoming and emerging sector in India, Prime Minister Narendra Modi held extensive talks with the Chief Executive of General Atomics Global Corporation, Vivek Lall. A renowned scientist, Vivek Lall is leading one of the world’s largest privately held nuclear and defence companies.
General Atomics is a defence and diversified technologies company that is a pioneer in military drone technologies. The company is considered the world’s top manufacturer of military drones, and subsequently, the US shares their technology only with its key allies. The meeting of Prime Minister Modi with Vivek Lall is of significance as India and the US are taking steps to establish a new relationship in the defence sector. CEO Lall has been instrumental in major bilateral defence deals between the two countries.
Here’s what the PM tweeted about the meeting with the CEE of Global Atomics:
3. Cristiano R. Amon – Qualcomm
When it comes to wireless technology innovations, multimedia software, 3G, 4G networks, Qualcomm has been a pioneer and a world leader dominating the global markets. They are now gearing into 5G with a new line of intelligent products. Qualcomm has a hold in Indian markets as well, as the company addresses key domestic issues ranging from dairy, transportation to defence. Prime Minister Modi deliberated and held talks with the president and chief executive officer of Qualcomm Incorporated, Cristiano R. Amon.
In their extensive meeting, PM Modi talked about leveraging technology for greater public good and expansion opportunities in technology in India, whereas, CEO Amon was interested in India’s strides in 5G and in the efforts such as PM-WANI to boost connectivity.
4. Mark Widmar – First Solar
Over the years, India has achieved a feat in conquering the sustainable energy sector, especially Solar Energy, by initiating innovative schemes and interventions. The subject of solar energy is very close to the PM’s heart because it concerns the future of our planet. Aligning with this, Prime Minister Modi on his US trip met the CEO of First Solar, INC, Mark Widmar to discuss India’s future energy needs and technology transformation.
First Solar is an American manufacturer of solar panels, and a provider of utility-scale PV power plants and supporting services that include finance, construction, maintenance and end-of-life panel recycling.
5. Stephen Schwarzman – Blackstone Group
Among the five top American CEOs is the CEO of Blackstone Group, Stephen Schwarzman. An active philanthropist who actively supports education, culture and arts, is leading one of the world’s largest investment firms. Blackstone invests capital on behalf of pension funds, large institutions and individuals, with USD 684 billion Assets under Management.
In a tweet, PM Modi said about the meeting, “It was a delight to meet Mr Stephen Schwarzman, the CEO of Blackstone. His commercial success and intellectual prowess are admirable. We talked about India’s investment potential and why our country is one of the world’s most attractive destinations for investment.”