Prime Minister Narendra Modi began his US engagements on Thursday by meeting with key US CEOs from five different key industries and highlighting economic opportunities in India.
During his one-on-one meeting with Qualcomm President and CEO Cristiano E Amon, they discussed investment opportunities in India’s telecommunications and electronics sector, including the recent Production incentive program for the design and manufacture of electronic systems (ESDM).
Government sources said that Amon expressed enthusiasm for working with India on digital transformation programs, including in 5G, PM WANI and others. He also expressed interest in partnering with the country to work in the semiconductor field.
He also discussed the new liberalized drone policy and said Qualcomm may participate in new opportunities in the emerging market, sources added. Prime Minister Modi assured him that India would work proactively on the proposals made by Qualcomm.
“Talking about technology… @cristianoamon and PM @narendramodi had a productive interaction. PM Modi highlighted the vast opportunities offered by India. Mr. Amon expressed his desire to work with India in areas such as 5G and other @_DigitalIndia efforts, ”the Prime Minister said. The office tweeted.
Foreign Ministry (MEA) spokesman Arindam Bagchi said they discussed recent production-linked incentive programs (PLIs) in electronics and telecommunications manufacturing; and measures to strengthen the innovation ecosystem. “Towards making India a center of global innovation!” PM @narendramodi in conversation with @cristianoamon, CEO @Qualcomm on investment opportunities in high tech sectors in India. tweeted.
After the meeting, Amon told the media, “We talked about the implementation of 5G technology and semiconductors. We also talked about creating an ecosystem based on mobile telephony. “
India, he said, could be an important destination for the semiconductor industry, subject to the availability of infrastructure. “India is a great place for investors not only to invest directly, but also to support other businesses,” Amon added.
“It was an honor to meet Indian Prime Minister @narendramodi today. Excellent discussion on # 5G, #vRAN, digital transformation and the importance of semiconductors and a reliable geo-diverse supply chain” , Amon tweeted after meeting the PM. .
The San Diego-based company creates semiconductors, software and services related to wireless technology. One of the biggest names in 3G, 4G and next-generation wireless technology innovations for over 30 years, Qualcomm is now a 5G pioneer.
Prime Minister Modi also held separate meetings with the CEOs of Adobe, First Solar, General Atomics and Blackstone.
(Edited by : Aditi Gautam)
First publication: STI