US President Joe Biden seems to be on as India’s Top Minister Narendra Modi speaks throughout a gathering with senior officers and CEOs of American and Indian firms, within the East Room the White Space in Washington, DC, on June 23, 2023.
Brendan Smialowski | AFP | Getty Photographs
The CEOs of Apple, Alphabet, Microsoft were given a wholesome does of facetime with the chief of India this week, who was once within the U.S. to satisfy with President Biden in addition to different political and industry leaders.
The tech corporate professionals spent over an hour with Top Minister Narendra Modi throughout the White Space on Friday, discussing alternatives and demanding situations in making an investment in India. Previous within the week, Modi met with Tesla CEO Elon Musk.
After the assembly concluded on the White Space, Apple CEO Tim Prepare dinner advised CNBC that India represents a “large alternative.” When requested if Apple would proceed increasing there, he pointed to the 2 retail retail outlets the corporate opened in India previous this yr.
It was once the primary state talk over with to the U.S. for Modi, who changed into high minister in 2014. Following Friday’s assembly, the White Space mentioned Google shall be running with the Indian Institute of Science on open sourcing of speech information for synthetic intelligence fashions.
OpenAI CEO Sam Altman was once additionally in Washington for the development. Two other people with wisdom of the topic mentioned Altman and Modi mentioned alternatives to collaborate on AI.
Hemant Taneja, CEO a bet capital company Basic Catalyst, attended the roundtable. Forward of the assembly, he shared with CNBC his intentions to search out alignment on efforts to streamline generation switch laws between the U.S. and India, which has overtaken China as the arena’s most-populous nation. U.S. family members with China have grow to be more and more strained up to now few years.
We’re in a virtual chilly conflict with China, and this way will in the end foster an environment of larger cooperation,” Taneja mentioned.
Huge semiconductor firms like Micron and Carried out Fabrics used Modi’s talk over with as a chance to announce plans to make important investments India. Micron is aiming to open a facility in Modi’s house state of Gujarat as the wider chip trade seems to be for methods to diversify its provide chain. Lam Analysis printed plans to coach 60,000 Indian engineers.
Get right of entry to to extremely professional hard work and out of date hard work regulations are demanding situations for American companies in the case of staffing up in India.
“U.S. firms in India have had difficulties through the years with regulatory uncertainty in addition to demanding situations in relocating or terminating workers,” mentioned Kenneth Juster, former U.S. Ambassador to India. Juster, who is now a prominent fellow on the Council on Overseas Family members, mentioned he stays positive, including that India has pledged to ease the method for international firms to do industry there.
WATCH: Large tech CEOs meet with Biden
