Prime Minister Narendra Modi highlighted India’s growth possibilities and talked about efforts to promote bilateral collaborations across many industries during a “fruitful” roundtable he attended in New York with the CEOs of top American tech businesses. The second leg of Modi’s three-day tour to the US was held on Sunday at the Lotte New York Palace Hotel. The CEOs of fifteen significant US-based companies that focus on cutting-edge technologies, including artificial intelligence, quantum computing, and semiconductors, participated in it.
“Had a fruitful roundtable with tech CEOs in New York, discussing aspects relating to technology, innovation, and more. Also highlighted were the strides made by India in this field. I am glad to see immense optimism towards India,” Modi said in a post on X.
According to a news release from the Ministry of External Affairs, Modi stated during the conference that the Initiative on Critical and Emerging Technologies (ICET) and other technological collaborations form the foundation of the India-US Comprehensive Global Strategic Partnership.
The prime minister emphasized that India will work hard during his third term to overtake the United States as the world’s third-largest economy. He also urged businesses to collaborate and innovate with India to capitalize on its economic progress.
“They can co-develop, co-design, and co-produce in India for the world, harnessing the opportunities from India’s economic and technological growth,” the press release said.
Chief executive officers of major US technology companies, such as Jensen Huang of NVIDIA, Julie Sweet of Accenture, Shantanu Narayena of Adobe, and Pichai of Google, attended the conference, which was organized by the Massachusetts Institute of Technology (MIT) School of Engineering.
The CEOs of AMD, HP Inc., IBM, and Verizon, as well as Dr. Noubar Afeyan, Chairman of Moderna, and Enrique Lores, CEO of HP Inc., were also present at the roundtable.
Modi emphasized the economic change occurring in the nation, notably in semiconductors and electronics and information technology production, while assuring business leaders of India’s strong commitment to promoting tech innovation and safeguarding intellectual property.
Modi asserted that his government was committed to making India a “global hub of semiconductor manufacturing.”
Along with discussing India’s efforts to become a biotech powerhouse, he also discussed the country’s BIO E3 (biotechnology for environment, economy, and employment) strategy. Regarding AI in particular, he mentioned that India’s objective is to promote AI for all, supported by its moral and responsible use.
The CEOs acknowledged India’s increasing stature as a worldwide center of technology, fueled by its laws that encourage innovation and its burgeoning market potential. Along with expressing a strong desire to work and invest in India, they also agreed that funding startups would be a beneficial way for the nation to innovate and create fresh technologies.
Additional attendees at the conference included Chris Viehbacher, CEO of Biogen Inc.; Chris Boerner, CEO of Bristol Myers Squibb; David A. Ricks, CEO of Eli Lilly and Company; Tim Archer, CEO of LAM Research; Thomas Caulfield, CEO of GlobalFoundries; and Martin Schroeter, CEO of Kyndryl.
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