Silicon Valley sees better investment opportunity in India with PM Modi's visit
Advertisement
Advertisement
Welcoming Prime Minister All of the Prime Minister's programmes ultimately have a digital focus, he noted. USIBC is hosting a dinner for Modi in San Jose, California on September 26 which would be attended by almost all CEOs of major IT firms in the
This will provide Silicon Valley-based companies an opportunity to interact with the Prime Minister and promote avenues for future collaboration with India, a media release said.
The event will also host incoming USIBC chairman
"We are honoured to be part of the Prime Minister's visit to the west coast of the United States," Aghi said.
Advertisement
"Modi will be looking for investments, jobs, and a platform to tell the world that India is open to do business - especially in the technology field, where it already has an impressive USD 100 billion IT industry," he said.
"We absolutely agree with the Prime Minister's goal of making India a top 50 country for ease of doing business. Such a climate will be instrumental to attracting greater foreign investment to the country," Aghi said.
US companies, especially those located in the Silicon Valley, have a great deal to bring to these efforts, beginning with their technology, capital, intellectual property, and desire to be long-term players in India's future, he asserted.
Observing that around 15 per cent of startups in Silicon Valley have been founded by Indians, Aghi said they represent a cross border flow of ideas, information and knowledge as well as the progress of the US-India partnership in recent years.
"This community is eager to be a part of India's growth story and as a result, the Silicon Valley is perfectly poised to help transform India into a more networked and connected society," he said.
Advertisement
USIBC and member companies are eager to support Prime Minister Modi's initiatives in all ways possible, he said.
"Together we can provide jobs, opportunity, and prosperity to both of our countries and this is the time to seize the opportunities and potential of our relationship," he added.
(Image credits: Indiatimes)
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market