pm dines with fortune 500 ceos, woos ... - students for bhopal › wp-content › uploads › 2019...
TRANSCRIPT
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
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 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 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 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