New Delhi, 26 January 2015: PM Narendra Modi and US President Barack Obama met India’s and America’s most powerful CEO’s in India-US CEO Forum meeting at Taj Palace, New Delhi. They discussed about the business in both the countries. The forum was co-chaired by David M. Cote, CEO of Honeywell, Cyrus Pallonji Mistry.
The CEO from India were Chairman of Tata Group, Anil Ambani, Chairman of Relaince Group, Mukesh Ambani, Chairman of Reliance Industries Limited, Gautam Adani, Chairman of Adani Group, Adi Godrej, Chairman of Godrej Group, Naina Lal Kidwai, Country Head of HSBC India, Chanda Kochhar, MD of ICICI Bank, Vishal Sikka, CEO of Infosys and many more. Among US CEO were Indra Nooyi, CEO of PepsiCo, Harold McGraw III, Chairman of McGraw Hill Financial, Ajaypal Singh Banga, CEO of MasterCard and many more.
The Prime Minister today said big projects involving large investment would be monitored by the Prime Minister’s Office. He was speaking at the interactive India US CEO Forum, in the presence of US President Barack Obama, and top business leaders from both countries.
After listening to suggestions made by these business leaders, the Prime Minister said the solutions to most of the issues mentioned would be found through three things:
- Proactive, pro people good governance
- A policy driven state
- Consistency in policy
Stating that Intellectual Property Rights are an important issue, he said all countries of the world should together find a solution to it.
The Prime Minister highlighted key priorities of his Government including improving “Ease of Doing Business”, and the “Make in India” initiative. He mentioned the importance of investment in the infrastructure sector, especially in the Railways.
He said, in agriculture, his vision of per drop more crop would help tackle farmer issues, and cope with climate issues and water shortages.
The Prime Minister said it is extremely important to listen to investors, as this helps speed up decisions. The Prime Minister also mentioned his mantra of skill, scale and speed, and said he keeps states on board while taking decisions.