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5/2/2019 PM Dines With Fortune 500 CEOs, Woos Investors | HuffPost India https://www.huffingtonpost.in/2015/09/25/modi-dines-with-fortune-5_n_8193272.html 1/7 EDITION IN NEWS 25/09/2015 8:13 AM IST | Updated 15/07/2016 8:25 AM IST PM Dines With Fortune 500 CEOs, Woos Investors By Rituparna Chatterjee PTI Prime Minister Narendra Modi has dined with over 50 CEOs from the Fortune 500 companies while continuing his pitch that India is open for business. The dinner event, organised by the prestigious Fortune magazine, was attended by some 47 top US CEOs on Thursday. Four-time Michelin-starred Chef Vikas Khanna has prepared all organic meal for the occasion. As the CEO dinned over an all organic meal prepared specially for the occasion by Khanna, Modi continued with his pitch that India is open for business. The Prime Minister said India is ready to welcome them (CEOs) with both hands and it is the right time for them to come and invest in the world’s largest democratic country. The Prime Minister said India is ready to welcome them (CEOs) with both hands and it is the right time for them to come and invest in the world's largest democratic country. Fortune Editor Alan Murray moderated the discussion. Served on the menu plate of the CEOs were sandalwood saffron sherbet, pomegranate pangria with tandoori pineapple, paneer ravioli, thandai chicken, Mizoram black rice khichdi, saffron sheermal, mango- ginger soup and coconut rice creme brulee. PM Dines With Fortune 500 CEOs, Woos Investors

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522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 17

E D I T I O N

IN

N E W S 25092015 813 AM IST | Updated 15072016 825 AM IST

PM Dines With Fortune 500 CEOs Woos InvestorsBy Rituparna Chatterjee

PTI

Prime Minister Narendra Modi has dined with over 50 CEOs from the Fortune 500

companies while continuing his pitch that India is open for business The dinner event

organised by the prestigious Fortune magazine was attended by some 47 top US CEOs

on Thursday

Four-time Michelin-starred Chef Vikas Khanna has prepared all organic meal for the

occasion As the CEO dinned over an all organic meal prepared specially for the occasion

by Khanna Modi continued with his pitch that India is open for business

The Prime Minister said India is ready to welcome them (CEOs) with both hands and it is

the right time for them to come and invest in the worldrsquos largest democratic country The

Prime Minister said India is ready to welcome them (CEOs) with both hands and it is the

right time for them to come and invest in the worlds largest democratic country

Fortune Editor Alan Murray moderated the discussion Served on the menu plate of the

CEOs were sandalwood saffron sherbet pomegranate pangria with tandoori pineapple

paneer ravioli thandai chicken Mizoram black rice khichdi saffron sheermal mango-

ginger soup and coconut rice creme brulee

PM Dines With Fortune 500 CEOs Woos Investors

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 27

Among the CEOs of Fortune 500 companies who attended the dinner were Lockheed

Martin Chairman and CEO Marillyn Hewson Ford President and CEO Mark Fields IBM

Chairman Ginni Rometty Pepsi Co Chief Indra Nooyi and Dow Chemical Chairman Andrew

Liveris

Citigroup Chairman Michael ONeill MasterCard CEO Ajay Banga Boeing International

President Marc Allen Goldman Sachs President Gary Cohn Blackstone President

Hamilton James SanDisk co-founder Sanjay Mehrotra Harman International Chairman

Dinesh Palatal and Time Inc CEO Joe Ripp were also present on the occasion

At the start of the dinner Vikas Swarup tweeted Modis first official day in New York began

and ended with business CEOs

Before the start of the dinner the CEOs had group picture with Modi

Making the biggest pitch to woo US investments Modi courted the top financial sector

CEOs outlining the opportunities in various sectors and promising to address their

concerns while removing bottlenecks for ease of doing business

Chowkidar Narendra Modinarendramodi

My interaction with Fortune 500 CEOs was on investment opportunities in India amp why they must come amp makeinindia

7500 740 AM - Sep 25 2015

5637 people are talking about this

Raveesh KumarMEAIndia

A kaleidoscope of companies Heres the list of 40+ CEOs present 4 PM narendramodis roundtable with America Inc

214 513 AM - Sep 25 2015

355 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 37

Resolving Bottlenecks

A PMO statement said Modi outlined the governments reform agenda as well as

improving economic climate and said any bottlenecks which should not be there will not

be there

He spoke of the ease of doing business rankings among states that had been done by

the World Bank while noting that there was now a healthy competition among states in

this area

Highlighting liberalization of the FDI regime in sectors such as insurance railways and

defence Modi also mentioned some specific sectors where there was great scope for

innovative solutions in India including insurance products for the agriculture sector and

the health sector

He also mentioned defence manufacturing electronic goods manufacturing renewable

energy equipment railways and metros Clean India and Digital India as sectors where

immense potential existed for investment

The CEOs shared their concerns as well as experiences of doing business in India

External Affairs Ministry spokesman Vikas Swarup said The Prime Minister took on

board suggestions made by the executives and assured them that work is already

underway to resolve concerns of doing business and investing in India

He outlined the sheer scale of development that will happen in India and the tremendous

opportunities it offers to foreign institutional investors and for FDI

The Prime Minister spoke very candidly He outlined his vision for India He said any

bottlenecks which should not be there will not be there the MEA spokesman said

Chowkidar Narendra Modinarendramodi

Discussed India-Guyana ties with President David Granger amp invited him to visit India

2449 736 AM - Sep 25 2015

1186 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 47

Swarup said some of the concerns raised by investors are that there is still some

bureaucracy left deregulation has not been as fast as they had expected On the REIT

side they had some concerns about taxation policies bankruptcy laws and deregulation

and wanted faster pace of infrastructure development

He added that these were not new issues and the Prime Minister is fully aware of them

Modi asked the CEOs to give him a detailed note on all the points and concerns raised by

them to examine in detail and respond Making a strong pitch for increased investment in

various sectors in India the Prime Minister outlined his vision for Start-Up India Stand-Up

India the PMO statement said

He said that along with the public sector and private sector he was laying emphasis to

individual start-ups and entrepreneurs whom he referred to as the personal sector

He said start-ups and innovation had been at the heart of the IT revolution

Raveesh KumarMEAIndia

Beginning and ending the day with Business PM narendramodi meets with top CEOs at event coordinated by Fortune

90 451 AM - Sep 25 2015

83 people are talking about this

Chowkidar Narendra Modinarendramodi

My meetings continued with world leaders business persons amp media CEOs Here are some photos

2705 729 AM - Sep 25 2015

1659 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 57

The Prime Minister expressed satisfaction that all the CEOs at the roundtable had not only

spoken about Indias possibilities but also voiced their confidence in them the statement

said adding Modi noted that they had articulated their concerns clearly

Highlighting the economic successes over the last 15 months of his government he said

FDI in India had increased substantially over this period a trend contrary to what was seen

across most of the world and this showed increased investor confidence in India the

PMO said

He said 50 million new houses by 2022 broadband connectivity for 600000 villages

doubling of railway capacity and 175 Gigawatts of renewable energy generation were

some of the concrete targets his Government had set which created huge investment

opportunities

The GDP growth last year was 73 per cent - among the highest in large economies world

over he said Also there has been a 40 per cent jump in foreign direct investment (FDI)

World Bank International Monetary Fund and Moodys say the economic climate is bound

to improve further Swarup quoted the Prime Minister as telling the hour-long meeting

The CEOs present included Jamie Dimon Chairman CEO and President of JP Morgan

Steve Schwarzman Chairman CEO and Co-founder of Blackstone Charles Kaye Co-CEO

Warburg Pincus of Henry Kravis Co-Chairman and Co-CEO of KKR Bill Ford CEO of

General Atlantic Peter Hancock President and CEO of AIG insurance Chase Coleman

Co-Founder and Managing Partner of Tiger Global and Vicki Fuller Chief Investment

Officer of NY State Common Retirement Fund

After the meeting Schwarzman said There were many suggestions to improve access to

the country The Prime Minister was very open to those suggestions

Participants he said hoped India will seize the opportunity presented by a slowing

Chinese economy and become the driver of world economy

With a growing population they have one of the highest levels of growth in the world

They have to reform government

So things are lining up he said

Raveesh KumarMEAIndia

Business comes calling Top CEOs call on PM beginning w Ajay Banga CEO of MasterCard and Head of USIBC

104 242 AM - Sep 25 2015

108 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 67

Comments

Suggest a correction

On a question on the reforms that the US companies would like Indian Prime Minister to

take he said There are various in terms of ability of US companies to take IPOs the

ability to have more capital going to rural areas

The much-anticipated US Fed rate hike he said should not have a huge impact on India

Dimon said I had a great meeting There was a constructive dialogue in the spirit of

collaboration We are looking at India trying to get foreign direct investment

Indian people should know all the people are devoted to that

Stating that Modi is strong and has lifted all of India he said The government has

already undertaken a massive amount of reforms Key message from the US companies

was keep doing what you are doing

J P Morgan he said has been in India for a long time and has more than 28000

employees

Fuller said Yes I am when asked if she is satisfied with the pace of economic reforms in

India

Our goal is to make sure that we are seeing enough change so that we feel we are

comfortable in investing our capital And then we would continue to watch and wait For

the amount of time he has been in office there has been a lot of changes he has made

So clearly more to come but as a potential investor we are optimist she said

Like Us On Facebook |

Follow Us On Twitter |

Contact HuffPost India

Rituparna ChatterjeeFront page editor HuffPost India

MORE

blackstone business ceo economy Financial Sector CEOs news

jp morgan modi in US prime minister narendra modi us investments

Amity University Online Sponsored

AI amp Machine Learning Professionals command huge premiums in salaries Become an Expert Start Learning in 2019

You May Like12 Month PG Diploma in Digital Marketing Strategies

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 77

Sponsored Links

Amity University Online

rustomjeecrowncom

3 bed in a 575 acre gated estate in Prabhadevi starting ₹592Cr

Easyvoyage Sponsored

[Photos] The 30 most beautiful women in the world

Recommended For You

12 Indian Print Ads And TV Commercials That Landed Into Controversy

Hrithik Roshan Has Finally Broken His Silence On His Alleged Affair With Kangana Ranaut

The Corporate Park Sponsored

Ready ofce in The Corporate Park Vashi 84 Lac

Recommended For You

Pune Businessman Known For His Gold Shirt Murdered In Front Of His Son

Indian Man In Florida Who Posted Doting Photos Of Wife Daughter Arrested For Domestic Violence And Child Abuse

bigbasketcom Sponsored

Got a sweet tooth Youll love this Healthy Dessert

RSS

FAQ

User Agreement (Updated)

Privacy (Updated)

About Us

Contact Us

Copyright copy 2018 Huffington Post India Pvt Ltd All rights reservedPart of HuffPost News

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 27

Among the CEOs of Fortune 500 companies who attended the dinner were Lockheed

Martin Chairman and CEO Marillyn Hewson Ford President and CEO Mark Fields IBM

Chairman Ginni Rometty Pepsi Co Chief Indra Nooyi and Dow Chemical Chairman Andrew

Liveris

Citigroup Chairman Michael ONeill MasterCard CEO Ajay Banga Boeing International

President Marc Allen Goldman Sachs President Gary Cohn Blackstone President

Hamilton James SanDisk co-founder Sanjay Mehrotra Harman International Chairman

Dinesh Palatal and Time Inc CEO Joe Ripp were also present on the occasion

At the start of the dinner Vikas Swarup tweeted Modis first official day in New York began

and ended with business CEOs

Before the start of the dinner the CEOs had group picture with Modi

Making the biggest pitch to woo US investments Modi courted the top financial sector

CEOs outlining the opportunities in various sectors and promising to address their

concerns while removing bottlenecks for ease of doing business

Chowkidar Narendra Modinarendramodi

My interaction with Fortune 500 CEOs was on investment opportunities in India amp why they must come amp makeinindia

7500 740 AM - Sep 25 2015

5637 people are talking about this

Raveesh KumarMEAIndia

A kaleidoscope of companies Heres the list of 40+ CEOs present 4 PM narendramodis roundtable with America Inc

214 513 AM - Sep 25 2015

355 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 37

Resolving Bottlenecks

A PMO statement said Modi outlined the governments reform agenda as well as

improving economic climate and said any bottlenecks which should not be there will not

be there

He spoke of the ease of doing business rankings among states that had been done by

the World Bank while noting that there was now a healthy competition among states in

this area

Highlighting liberalization of the FDI regime in sectors such as insurance railways and

defence Modi also mentioned some specific sectors where there was great scope for

innovative solutions in India including insurance products for the agriculture sector and

the health sector

He also mentioned defence manufacturing electronic goods manufacturing renewable

energy equipment railways and metros Clean India and Digital India as sectors where

immense potential existed for investment

The CEOs shared their concerns as well as experiences of doing business in India

External Affairs Ministry spokesman Vikas Swarup said The Prime Minister took on

board suggestions made by the executives and assured them that work is already

underway to resolve concerns of doing business and investing in India

He outlined the sheer scale of development that will happen in India and the tremendous

opportunities it offers to foreign institutional investors and for FDI

The Prime Minister spoke very candidly He outlined his vision for India He said any

bottlenecks which should not be there will not be there the MEA spokesman said

Chowkidar Narendra Modinarendramodi

Discussed India-Guyana ties with President David Granger amp invited him to visit India

2449 736 AM - Sep 25 2015

1186 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 47

Swarup said some of the concerns raised by investors are that there is still some

bureaucracy left deregulation has not been as fast as they had expected On the REIT

side they had some concerns about taxation policies bankruptcy laws and deregulation

and wanted faster pace of infrastructure development

He added that these were not new issues and the Prime Minister is fully aware of them

Modi asked the CEOs to give him a detailed note on all the points and concerns raised by

them to examine in detail and respond Making a strong pitch for increased investment in

various sectors in India the Prime Minister outlined his vision for Start-Up India Stand-Up

India the PMO statement said

He said that along with the public sector and private sector he was laying emphasis to

individual start-ups and entrepreneurs whom he referred to as the personal sector

He said start-ups and innovation had been at the heart of the IT revolution

Raveesh KumarMEAIndia

Beginning and ending the day with Business PM narendramodi meets with top CEOs at event coordinated by Fortune

90 451 AM - Sep 25 2015

83 people are talking about this

Chowkidar Narendra Modinarendramodi

My meetings continued with world leaders business persons amp media CEOs Here are some photos

2705 729 AM - Sep 25 2015

1659 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 57

The Prime Minister expressed satisfaction that all the CEOs at the roundtable had not only

spoken about Indias possibilities but also voiced their confidence in them the statement

said adding Modi noted that they had articulated their concerns clearly

Highlighting the economic successes over the last 15 months of his government he said

FDI in India had increased substantially over this period a trend contrary to what was seen

across most of the world and this showed increased investor confidence in India the

PMO said

He said 50 million new houses by 2022 broadband connectivity for 600000 villages

doubling of railway capacity and 175 Gigawatts of renewable energy generation were

some of the concrete targets his Government had set which created huge investment

opportunities

The GDP growth last year was 73 per cent - among the highest in large economies world

over he said Also there has been a 40 per cent jump in foreign direct investment (FDI)

World Bank International Monetary Fund and Moodys say the economic climate is bound

to improve further Swarup quoted the Prime Minister as telling the hour-long meeting

The CEOs present included Jamie Dimon Chairman CEO and President of JP Morgan

Steve Schwarzman Chairman CEO and Co-founder of Blackstone Charles Kaye Co-CEO

Warburg Pincus of Henry Kravis Co-Chairman and Co-CEO of KKR Bill Ford CEO of

General Atlantic Peter Hancock President and CEO of AIG insurance Chase Coleman

Co-Founder and Managing Partner of Tiger Global and Vicki Fuller Chief Investment

Officer of NY State Common Retirement Fund

After the meeting Schwarzman said There were many suggestions to improve access to

the country The Prime Minister was very open to those suggestions

Participants he said hoped India will seize the opportunity presented by a slowing

Chinese economy and become the driver of world economy

With a growing population they have one of the highest levels of growth in the world

They have to reform government

So things are lining up he said

Raveesh KumarMEAIndia

Business comes calling Top CEOs call on PM beginning w Ajay Banga CEO of MasterCard and Head of USIBC

104 242 AM - Sep 25 2015

108 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 67

Comments

Suggest a correction

On a question on the reforms that the US companies would like Indian Prime Minister to

take he said There are various in terms of ability of US companies to take IPOs the

ability to have more capital going to rural areas

The much-anticipated US Fed rate hike he said should not have a huge impact on India

Dimon said I had a great meeting There was a constructive dialogue in the spirit of

collaboration We are looking at India trying to get foreign direct investment

Indian people should know all the people are devoted to that

Stating that Modi is strong and has lifted all of India he said The government has

already undertaken a massive amount of reforms Key message from the US companies

was keep doing what you are doing

J P Morgan he said has been in India for a long time and has more than 28000

employees

Fuller said Yes I am when asked if she is satisfied with the pace of economic reforms in

India

Our goal is to make sure that we are seeing enough change so that we feel we are

comfortable in investing our capital And then we would continue to watch and wait For

the amount of time he has been in office there has been a lot of changes he has made

So clearly more to come but as a potential investor we are optimist she said

Like Us On Facebook |

Follow Us On Twitter |

Contact HuffPost India

Rituparna ChatterjeeFront page editor HuffPost India

MORE

blackstone business ceo economy Financial Sector CEOs news

jp morgan modi in US prime minister narendra modi us investments

Amity University Online Sponsored

AI amp Machine Learning Professionals command huge premiums in salaries Become an Expert Start Learning in 2019

You May Like12 Month PG Diploma in Digital Marketing Strategies

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 77

Sponsored Links

Amity University Online

rustomjeecrowncom

3 bed in a 575 acre gated estate in Prabhadevi starting ₹592Cr

Easyvoyage Sponsored

[Photos] The 30 most beautiful women in the world

Recommended For You

12 Indian Print Ads And TV Commercials That Landed Into Controversy

Hrithik Roshan Has Finally Broken His Silence On His Alleged Affair With Kangana Ranaut

The Corporate Park Sponsored

Ready ofce in The Corporate Park Vashi 84 Lac

Recommended For You

Pune Businessman Known For His Gold Shirt Murdered In Front Of His Son

Indian Man In Florida Who Posted Doting Photos Of Wife Daughter Arrested For Domestic Violence And Child Abuse

bigbasketcom Sponsored

Got a sweet tooth Youll love this Healthy Dessert

RSS

FAQ

User Agreement (Updated)

Privacy (Updated)

About Us

Contact Us

Copyright copy 2018 Huffington Post India Pvt Ltd All rights reservedPart of HuffPost News

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 37

Resolving Bottlenecks

A PMO statement said Modi outlined the governments reform agenda as well as

improving economic climate and said any bottlenecks which should not be there will not

be there

He spoke of the ease of doing business rankings among states that had been done by

the World Bank while noting that there was now a healthy competition among states in

this area

Highlighting liberalization of the FDI regime in sectors such as insurance railways and

defence Modi also mentioned some specific sectors where there was great scope for

innovative solutions in India including insurance products for the agriculture sector and

the health sector

He also mentioned defence manufacturing electronic goods manufacturing renewable

energy equipment railways and metros Clean India and Digital India as sectors where

immense potential existed for investment

The CEOs shared their concerns as well as experiences of doing business in India

External Affairs Ministry spokesman Vikas Swarup said The Prime Minister took on

board suggestions made by the executives and assured them that work is already

underway to resolve concerns of doing business and investing in India

He outlined the sheer scale of development that will happen in India and the tremendous

opportunities it offers to foreign institutional investors and for FDI

The Prime Minister spoke very candidly He outlined his vision for India He said any

bottlenecks which should not be there will not be there the MEA spokesman said

Chowkidar Narendra Modinarendramodi

Discussed India-Guyana ties with President David Granger amp invited him to visit India

2449 736 AM - Sep 25 2015

1186 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 47

Swarup said some of the concerns raised by investors are that there is still some

bureaucracy left deregulation has not been as fast as they had expected On the REIT

side they had some concerns about taxation policies bankruptcy laws and deregulation

and wanted faster pace of infrastructure development

He added that these were not new issues and the Prime Minister is fully aware of them

Modi asked the CEOs to give him a detailed note on all the points and concerns raised by

them to examine in detail and respond Making a strong pitch for increased investment in

various sectors in India the Prime Minister outlined his vision for Start-Up India Stand-Up

India the PMO statement said

He said that along with the public sector and private sector he was laying emphasis to

individual start-ups and entrepreneurs whom he referred to as the personal sector

He said start-ups and innovation had been at the heart of the IT revolution

Raveesh KumarMEAIndia

Beginning and ending the day with Business PM narendramodi meets with top CEOs at event coordinated by Fortune

90 451 AM - Sep 25 2015

83 people are talking about this

Chowkidar Narendra Modinarendramodi

My meetings continued with world leaders business persons amp media CEOs Here are some photos

2705 729 AM - Sep 25 2015

1659 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 57

The Prime Minister expressed satisfaction that all the CEOs at the roundtable had not only

spoken about Indias possibilities but also voiced their confidence in them the statement

said adding Modi noted that they had articulated their concerns clearly

Highlighting the economic successes over the last 15 months of his government he said

FDI in India had increased substantially over this period a trend contrary to what was seen

across most of the world and this showed increased investor confidence in India the

PMO said

He said 50 million new houses by 2022 broadband connectivity for 600000 villages

doubling of railway capacity and 175 Gigawatts of renewable energy generation were

some of the concrete targets his Government had set which created huge investment

opportunities

The GDP growth last year was 73 per cent - among the highest in large economies world

over he said Also there has been a 40 per cent jump in foreign direct investment (FDI)

World Bank International Monetary Fund and Moodys say the economic climate is bound

to improve further Swarup quoted the Prime Minister as telling the hour-long meeting

The CEOs present included Jamie Dimon Chairman CEO and President of JP Morgan

Steve Schwarzman Chairman CEO and Co-founder of Blackstone Charles Kaye Co-CEO

Warburg Pincus of Henry Kravis Co-Chairman and Co-CEO of KKR Bill Ford CEO of

General Atlantic Peter Hancock President and CEO of AIG insurance Chase Coleman

Co-Founder and Managing Partner of Tiger Global and Vicki Fuller Chief Investment

Officer of NY State Common Retirement Fund

After the meeting Schwarzman said There were many suggestions to improve access to

the country The Prime Minister was very open to those suggestions

Participants he said hoped India will seize the opportunity presented by a slowing

Chinese economy and become the driver of world economy

With a growing population they have one of the highest levels of growth in the world

They have to reform government

So things are lining up he said

Raveesh KumarMEAIndia

Business comes calling Top CEOs call on PM beginning w Ajay Banga CEO of MasterCard and Head of USIBC

104 242 AM - Sep 25 2015

108 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 67

Comments

Suggest a correction

On a question on the reforms that the US companies would like Indian Prime Minister to

take he said There are various in terms of ability of US companies to take IPOs the

ability to have more capital going to rural areas

The much-anticipated US Fed rate hike he said should not have a huge impact on India

Dimon said I had a great meeting There was a constructive dialogue in the spirit of

collaboration We are looking at India trying to get foreign direct investment

Indian people should know all the people are devoted to that

Stating that Modi is strong and has lifted all of India he said The government has

already undertaken a massive amount of reforms Key message from the US companies

was keep doing what you are doing

J P Morgan he said has been in India for a long time and has more than 28000

employees

Fuller said Yes I am when asked if she is satisfied with the pace of economic reforms in

India

Our goal is to make sure that we are seeing enough change so that we feel we are

comfortable in investing our capital And then we would continue to watch and wait For

the amount of time he has been in office there has been a lot of changes he has made

So clearly more to come but as a potential investor we are optimist she said

Like Us On Facebook |

Follow Us On Twitter |

Contact HuffPost India

Rituparna ChatterjeeFront page editor HuffPost India

MORE

blackstone business ceo economy Financial Sector CEOs news

jp morgan modi in US prime minister narendra modi us investments

Amity University Online Sponsored

AI amp Machine Learning Professionals command huge premiums in salaries Become an Expert Start Learning in 2019

You May Like12 Month PG Diploma in Digital Marketing Strategies

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

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Swarup said some of the concerns raised by investors are that there is still some

bureaucracy left deregulation has not been as fast as they had expected On the REIT

side they had some concerns about taxation policies bankruptcy laws and deregulation

and wanted faster pace of infrastructure development

He added that these were not new issues and the Prime Minister is fully aware of them

Modi asked the CEOs to give him a detailed note on all the points and concerns raised by

them to examine in detail and respond Making a strong pitch for increased investment in

various sectors in India the Prime Minister outlined his vision for Start-Up India Stand-Up

India the PMO statement said

He said that along with the public sector and private sector he was laying emphasis to

individual start-ups and entrepreneurs whom he referred to as the personal sector

He said start-ups and innovation had been at the heart of the IT revolution

Raveesh KumarMEAIndia

Beginning and ending the day with Business PM narendramodi meets with top CEOs at event coordinated by Fortune

90 451 AM - Sep 25 2015

83 people are talking about this

Chowkidar Narendra Modinarendramodi

My meetings continued with world leaders business persons amp media CEOs Here are some photos

2705 729 AM - Sep 25 2015

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The Prime Minister expressed satisfaction that all the CEOs at the roundtable had not only

spoken about Indias possibilities but also voiced their confidence in them the statement

said adding Modi noted that they had articulated their concerns clearly

Highlighting the economic successes over the last 15 months of his government he said

FDI in India had increased substantially over this period a trend contrary to what was seen

across most of the world and this showed increased investor confidence in India the

PMO said

He said 50 million new houses by 2022 broadband connectivity for 600000 villages

doubling of railway capacity and 175 Gigawatts of renewable energy generation were

some of the concrete targets his Government had set which created huge investment

opportunities

The GDP growth last year was 73 per cent - among the highest in large economies world

over he said Also there has been a 40 per cent jump in foreign direct investment (FDI)

World Bank International Monetary Fund and Moodys say the economic climate is bound

to improve further Swarup quoted the Prime Minister as telling the hour-long meeting

The CEOs present included Jamie Dimon Chairman CEO and President of JP Morgan

Steve Schwarzman Chairman CEO and Co-founder of Blackstone Charles Kaye Co-CEO

Warburg Pincus of Henry Kravis Co-Chairman and Co-CEO of KKR Bill Ford CEO of

General Atlantic Peter Hancock President and CEO of AIG insurance Chase Coleman

Co-Founder and Managing Partner of Tiger Global and Vicki Fuller Chief Investment

Officer of NY State Common Retirement Fund

After the meeting Schwarzman said There were many suggestions to improve access to

the country The Prime Minister was very open to those suggestions

Participants he said hoped India will seize the opportunity presented by a slowing

Chinese economy and become the driver of world economy

With a growing population they have one of the highest levels of growth in the world

They have to reform government

So things are lining up he said

Raveesh KumarMEAIndia

Business comes calling Top CEOs call on PM beginning w Ajay Banga CEO of MasterCard and Head of USIBC

104 242 AM - Sep 25 2015

108 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

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Comments

Suggest a correction

On a question on the reforms that the US companies would like Indian Prime Minister to

take he said There are various in terms of ability of US companies to take IPOs the

ability to have more capital going to rural areas

The much-anticipated US Fed rate hike he said should not have a huge impact on India

Dimon said I had a great meeting There was a constructive dialogue in the spirit of

collaboration We are looking at India trying to get foreign direct investment

Indian people should know all the people are devoted to that

Stating that Modi is strong and has lifted all of India he said The government has

already undertaken a massive amount of reforms Key message from the US companies

was keep doing what you are doing

J P Morgan he said has been in India for a long time and has more than 28000

employees

Fuller said Yes I am when asked if she is satisfied with the pace of economic reforms in

India

Our goal is to make sure that we are seeing enough change so that we feel we are

comfortable in investing our capital And then we would continue to watch and wait For

the amount of time he has been in office there has been a lot of changes he has made

So clearly more to come but as a potential investor we are optimist she said

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The Prime Minister expressed satisfaction that all the CEOs at the roundtable had not only

spoken about Indias possibilities but also voiced their confidence in them the statement

said adding Modi noted that they had articulated their concerns clearly

Highlighting the economic successes over the last 15 months of his government he said

FDI in India had increased substantially over this period a trend contrary to what was seen

across most of the world and this showed increased investor confidence in India the

PMO said

He said 50 million new houses by 2022 broadband connectivity for 600000 villages

doubling of railway capacity and 175 Gigawatts of renewable energy generation were

some of the concrete targets his Government had set which created huge investment

opportunities

The GDP growth last year was 73 per cent - among the highest in large economies world

over he said Also there has been a 40 per cent jump in foreign direct investment (FDI)

World Bank International Monetary Fund and Moodys say the economic climate is bound

to improve further Swarup quoted the Prime Minister as telling the hour-long meeting

The CEOs present included Jamie Dimon Chairman CEO and President of JP Morgan

Steve Schwarzman Chairman CEO and Co-founder of Blackstone Charles Kaye Co-CEO

Warburg Pincus of Henry Kravis Co-Chairman and Co-CEO of KKR Bill Ford CEO of

General Atlantic Peter Hancock President and CEO of AIG insurance Chase Coleman

Co-Founder and Managing Partner of Tiger Global and Vicki Fuller Chief Investment

Officer of NY State Common Retirement Fund

After the meeting Schwarzman said There were many suggestions to improve access to

the country The Prime Minister was very open to those suggestions

Participants he said hoped India will seize the opportunity presented by a slowing

Chinese economy and become the driver of world economy

With a growing population they have one of the highest levels of growth in the world

They have to reform government

So things are lining up he said

Raveesh KumarMEAIndia

Business comes calling Top CEOs call on PM beginning w Ajay Banga CEO of MasterCard and Head of USIBC

104 242 AM - Sep 25 2015

108 people are talking about this

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 67

Comments

Suggest a correction

On a question on the reforms that the US companies would like Indian Prime Minister to

take he said There are various in terms of ability of US companies to take IPOs the

ability to have more capital going to rural areas

The much-anticipated US Fed rate hike he said should not have a huge impact on India

Dimon said I had a great meeting There was a constructive dialogue in the spirit of

collaboration We are looking at India trying to get foreign direct investment

Indian people should know all the people are devoted to that

Stating that Modi is strong and has lifted all of India he said The government has

already undertaken a massive amount of reforms Key message from the US companies

was keep doing what you are doing

J P Morgan he said has been in India for a long time and has more than 28000

employees

Fuller said Yes I am when asked if she is satisfied with the pace of economic reforms in

India

Our goal is to make sure that we are seeing enough change so that we feel we are

comfortable in investing our capital And then we would continue to watch and wait For

the amount of time he has been in office there has been a lot of changes he has made

So clearly more to come but as a potential investor we are optimist she said

Like Us On Facebook |

Follow Us On Twitter |

Contact HuffPost India

Rituparna ChatterjeeFront page editor HuffPost India

MORE

blackstone business ceo economy Financial Sector CEOs news

jp morgan modi in US prime minister narendra modi us investments

Amity University Online Sponsored

AI amp Machine Learning Professionals command huge premiums in salaries Become an Expert Start Learning in 2019

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PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

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Sponsored Links

Amity University Online

rustomjeecrowncom

3 bed in a 575 acre gated estate in Prabhadevi starting ₹592Cr

Easyvoyage Sponsored

[Photos] The 30 most beautiful women in the world

Recommended For You

12 Indian Print Ads And TV Commercials That Landed Into Controversy

Hrithik Roshan Has Finally Broken His Silence On His Alleged Affair With Kangana Ranaut

The Corporate Park Sponsored

Ready ofce in The Corporate Park Vashi 84 Lac

Recommended For You

Pune Businessman Known For His Gold Shirt Murdered In Front Of His Son

Indian Man In Florida Who Posted Doting Photos Of Wife Daughter Arrested For Domestic Violence And Child Abuse

bigbasketcom Sponsored

Got a sweet tooth Youll love this Healthy Dessert

RSS

FAQ

User Agreement (Updated)

Privacy (Updated)

About Us

Contact Us

Copyright copy 2018 Huffington Post India Pvt Ltd All rights reservedPart of HuffPost News

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 67

Comments

Suggest a correction

On a question on the reforms that the US companies would like Indian Prime Minister to

take he said There are various in terms of ability of US companies to take IPOs the

ability to have more capital going to rural areas

The much-anticipated US Fed rate hike he said should not have a huge impact on India

Dimon said I had a great meeting There was a constructive dialogue in the spirit of

collaboration We are looking at India trying to get foreign direct investment

Indian people should know all the people are devoted to that

Stating that Modi is strong and has lifted all of India he said The government has

already undertaken a massive amount of reforms Key message from the US companies

was keep doing what you are doing

J P Morgan he said has been in India for a long time and has more than 28000

employees

Fuller said Yes I am when asked if she is satisfied with the pace of economic reforms in

India

Our goal is to make sure that we are seeing enough change so that we feel we are

comfortable in investing our capital And then we would continue to watch and wait For

the amount of time he has been in office there has been a lot of changes he has made

So clearly more to come but as a potential investor we are optimist she said

Like Us On Facebook |

Follow Us On Twitter |

Contact HuffPost India

Rituparna ChatterjeeFront page editor HuffPost India

MORE

blackstone business ceo economy Financial Sector CEOs news

jp morgan modi in US prime minister narendra modi us investments

Amity University Online Sponsored

AI amp Machine Learning Professionals command huge premiums in salaries Become an Expert Start Learning in 2019

You May Like12 Month PG Diploma in Digital Marketing Strategies

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 77

Sponsored Links

Amity University Online

rustomjeecrowncom

3 bed in a 575 acre gated estate in Prabhadevi starting ₹592Cr

Easyvoyage Sponsored

[Photos] The 30 most beautiful women in the world

Recommended For You

12 Indian Print Ads And TV Commercials That Landed Into Controversy

Hrithik Roshan Has Finally Broken His Silence On His Alleged Affair With Kangana Ranaut

The Corporate Park Sponsored

Ready ofce in The Corporate Park Vashi 84 Lac

Recommended For You

Pune Businessman Known For His Gold Shirt Murdered In Front Of His Son

Indian Man In Florida Who Posted Doting Photos Of Wife Daughter Arrested For Domestic Violence And Child Abuse

bigbasketcom Sponsored

Got a sweet tooth Youll love this Healthy Dessert

RSS

FAQ

User Agreement (Updated)

Privacy (Updated)

About Us

Contact Us

Copyright copy 2018 Huffington Post India Pvt Ltd All rights reservedPart of HuffPost News

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X

522019 PM Dines With Fortune 500 CEOs Woos Investors | HuffPost India

httpswwwhuffingtonpostin20150925modi-dines-with-fortune-5_n_8193272html 77

Sponsored Links

Amity University Online

rustomjeecrowncom

3 bed in a 575 acre gated estate in Prabhadevi starting ₹592Cr

Easyvoyage Sponsored

[Photos] The 30 most beautiful women in the world

Recommended For You

12 Indian Print Ads And TV Commercials That Landed Into Controversy

Hrithik Roshan Has Finally Broken His Silence On His Alleged Affair With Kangana Ranaut

The Corporate Park Sponsored

Ready ofce in The Corporate Park Vashi 84 Lac

Recommended For You

Pune Businessman Known For His Gold Shirt Murdered In Front Of His Son

Indian Man In Florida Who Posted Doting Photos Of Wife Daughter Arrested For Domestic Violence And Child Abuse

bigbasketcom Sponsored

Got a sweet tooth Youll love this Healthy Dessert

RSS

FAQ

User Agreement (Updated)

Privacy (Updated)

About Us

Contact Us

Copyright copy 2018 Huffington Post India Pvt Ltd All rights reservedPart of HuffPost News

PM Dines With Fortune 500 CEOs Woos Investors

RSS FAQ User Agreement (Updated) Privacy (Updated) About Us Contact Us X