US President Joe Biden looks on as India’s Top Minister Narendra Modi speaks for the length of a assembly with senior officials and CEOs of American and Indian companies, in the East Room the White Dwelling in Washington, DC, on June 23, 2023.
Brendan Smialowski | AFP | Getty Pictures
The CEOs of Apple, Alphabet, Microsoft got a healthy does of facetime with the leader of India this week, who used to be in the U.S. to meet with President Biden apart from to other political and industry leaders.
The tech firm pros spent over an hour with Top Minister Narendra Modi throughout the White Dwelling on Friday, discussing opportunities and challenges in investing in India. Earlier in the week, Modi met with Tesla CEO Elon Musk.
After the assembly concluded at the White Dwelling, Apple CEO Tim Put together dinner suggested CNBC that India represents a “sizable different.” When asked if Apple would proceed increasing there, he pointed to the two retail stores the firm opened in India earlier this yr.
It used to be the first mutter express over with to the U.S. for Modi, who turned prime minister in 2014. Following Friday’s assembly, the White Dwelling acknowledged Google will be working with the Indian Institute of Science on start sourcing of speech data for man made intelligence objects.
OpenAI CEO Sam Altman used to be also in Washington for the event. Two other folks with data of the topic acknowledged Altman and Modi discussed opportunities to collaborate on AI.
Hemant Taneja, CEO of enterprise capital firm General Catalyst, attended the roundtable. Forward of the assembly, he shared with CNBC his intentions to rep alignment on efforts to streamline skills switch solutions between the U.S. and India, which has overtaken China because the field’s most-populous country. U.S. family with China bear develop into extra and extra strained in the previous few years.
We’re in a digital chilly battle with China, and this blueprint will indirectly foster an environment of elevated cooperation,” Taneja acknowledged.
Mammoth semiconductor companies love Micron and Applied Materials old Modi’s express over with as an different to exclaim plans to construct considerable investments India. Micron is aiming to start a facility in Modi’s home mutter of Gujarat because the broader chip change looks for methods to diversify its provide chain. Lam Analysis revealed plans to put together 60,000 Indian engineers.
Uncover admission to to extremely professional labor and out of date labor approved guidelines are challenges for American companies when it involves staffing up in India.
“U.S. companies in India bear had difficulties over time with regulatory uncertainty apart from to challenges in relocating or terminating workers,” acknowledged Kenneth Juster, dilapidated U.S. Ambassador to India. Juster, who’s now a noteworthy fellow at the Council on International Members of the family, acknowledged he remains optimistic, adding that India has pledged to ease the scheme for international companies to halt industry there.
