PM meets American CEOs, extends invitation for larger investment in new tech (2nd Ld)
Darpan News Desk IANS, 23 Sep, 2021 11:44 AM
Washington, Sep 23 (IANS) In the first leg of his US visit, Prime Minister Narendra Modi on Thursday met leading American CEOs in Washington.
He held one-on-one meetings with the CEOs of semiconductor and wireless technology manufacturer Qualcomm, software major Adobe, renewable energy firm First Solar, arms manufacturer General Atomics and investment management company Blackstone.
The first meeting was held with Cristiano Amon, President and CEO, Qualcomm.
"President and CEO of @Qualcomm, @cristianoamon and PM @narendramodi had a productive interaction. PM Modi highlighted the vast opportunities India offers. Mr. Amon expressed keenness to work with India in areas such as 5G and other @_DigitalIndia efforts," the PMO tweeted.
"We talked about 5G and acceleration of 5G. We talked about the incredible opportunity to advance the industry, as we think about the digital transformation enabled by 5G combined with the design in India," Amon said.
He said Qualcomm may look at India as it builds a resilient supply chain for semiconductors if necessary infrastructure are provided in the country.
Modi's meeting with Amon is significant as India is looking at fast adoption of 5G technology in the country for which it is eyeing investment in this high technology area from credible partners who can provide safe and secure networks.
The San Diego-based company creates semiconductors, software and services related to wireless technology and is getting big into 5G technology with its range of pioneering products.
It is expected that high-level meetings would pave the way for big investment in the new tech area that is required to help the country leapfrog to providing its citizens with the next generation of networking services.
The Prime Minister also met Shantanu Narayen, Chairman, President and CEO, Adobe. The discussions focused on leveraging technology to provide smart education to the youngsters and enhance research. They also discussed the vibrant startup sector in India, powered by the youth of the country.
"PM Modi believes that technology is the way to help things move forward," Narayen said after the meeting, adding that the company intends to continue to invest heavily in India.
The CEO of FirstSolar, Mark Widmar, also called on Modi. During the meeting, Modi elaborated India's efforts to harness solar energy, including the 'One world, One sun and One grid' initiative and investment opportunities in the sector.
"The strong balance created between India's industrial and trade policies has built ideal opportunities for companies like FirstSolar to establish manufacturing in India. The productivity linked incentive (PLI) schemes will help India attract more investment in manufacturing from the US," Widmar said.
PM's discussions with Vivek Lall of GeneralAtomics Global Corporation hovered around India's strides in drone technology, including the reforms and the PLI scheme.
"There are lots of potential areas of collaboration that we are in discussions with. The opportunities are a win win for both the countries," Lall said.
India is in the process of procuring a significant number of drones for the three branches of its armed forces. It has also leased a few drones from General Atomics.
New Democrats had high hopes heading into Monday’s vote that a breakthrough might be coming thanks to greater voter recognition of Singh, more money to spend on the campaign, and a sense the Liberals under Justin Trudeau were vulnerable.
Late Monday, Justin Trudeau's Liberals were leading or elected in 157 seats — exactly the same number they won in 2019, 13 short of the 170 needed for a majority in the House of Commons.
The BC Prosecution Service says Juk concluded a special prosecutor was needed in light of allegations made by Mayor Doug McCallum amid ongoing public discussions about the RCMP in Surrey being replaced by a municipal police force.
Air travel to the U.S. from Canada has never been restricted, and it's not yet clear whether the new vaccination rules will be imposed on Canadian passengers when they take effect. The rules at the Canada-U.S. border have also allowed trade and essential workers to move between the two countries unfettered.
While the majority of polling stations opened on time and without incident, Elections Canada spokeswoman Diane Benson says issues have been reported with several sites in Ontario and Western Canada, resulting in some stations opening late or having to be relocated.
There are 5,608 active cases of COVID-19 in the province and 171,769 people who tested positive have recovered. Of the active cases, 307 individuals are in hospital and 156 are in intensive care. The remaining people are recovering at home in self-isolation.
