Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted economic opportunities in India.
During his one-on-one meeting with President and CEO of Qualcomm, Cristiano E Amon, they discussed investment opportunities in India's telecommunications and electronics sector, including the recently launched Production Linked Incentive Scheme for Electronics System Design and Manufacturing (ESDM).
Government sources said Amon expressed enthusiasm to work with India on digital transformation programmes including in 5G, PM WANI and others. He also expressed interest in partnering with the country to work in the field of semiconductors.
He also discussed the new liberalised drone policy and said that Qualcomm could take part in new opportunities in the emerging market, sources added. Prime Minister Modi assured him that India will proactively work on the proposals made by Qualcomm.
"Talking technology... @cristianoamon and PM @narendramodi had a productive interaction. PM Modi highlighted the vast opportunities India offers. Mr. Amon expressed keenness to work with India in areas such as 5G and other @_DigitalIndia efforts," the Prime Minister's Office tweeted.
Talking technology...
President and CEO of @Qualcomm, @cristianoamon and PM @narendramodi had a productive interaction. PM Modi highlighted the vast opportunities India offers. Mr. Amon expressed keenness to work with India in areas such as 5G and other @_DigitalIndia efforts. pic.twitter.com/kKcaXhpFtB— PMO India (@PMOIndia) September 23, 2021
Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi said that they discussed recent electronics and telecom manufacturing Production Linked Incentive (PLI) schemes; and measures to strengthen the innovation ecosystem. "Toward making India a global innovation hub! PM @narendramodi in conversation with @cristianoamon, CEO @Qualcomm on investment opportunities in hi-tech sectors in India. Discussed recent electronics & telecom manufacturing PLI schemes; & measures to strengthen the innovation ecosystem, he tweeted.
Toward making 🇮🇳 a global innovation hub!PM @narendramodi in conversation with @cristianoamon, CEO @Qualcomm on investment opportunities in hi-tech sectors in India.Discussed recent electronics & telecom manufacturing PLI schemes; & measures to strengthen innovation ecosystem. pic.twitter.com/Cg3PKmshxN
— Arindam Bagchi (@MEAIndia) September 23, 2021
After the meeting, Amon told the media, “We spoke on implementing 5G- based tech, semiconductors. We also spoke about creating a mobile phone-based ecosystem. "
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 companies," Amon added
"It was an honour meeting with India's Prime Minister @narendramodi today. Great discussion on #5G, #vRAN, digital transformation, and the importance of semiconductors and a reliable geo-diversified supply chain," Amon tweeted after his meeting with the Prime Minister.
It was an honor meeting with India’s Prime Minister @narendramodi today. Great discussion on #5G, #vRAN, digital transformation, and the importance of semiconductors and a reliable geo-diversified supply chain. https://t.co/a4CjNLzkkf
— Cristiano R. Amon (@cristianoamon) September 23, 2021
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 more than 30 years, Qualcomm is now pioneering its way to 5G.
Prime Minister Modi also held separate meetings with CEOs of Adobe, First Solar, General Atomics and Blackstone.
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(Edited by : Aditi Gautam)
First Published: Sept 23, 2021 11:22 PM IST
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