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.
Environment Canada is investigating the possibility that a tornado swept through the Fort St. John area in northern B.C. Meteorologist Doug Lundquist says the powerful system started above the wildfires in the Interior last week, on the same day much of the town of Lytton was destroyed by a fire.
This morning, Monday, July 5, 2021, at 5:09 am, Abbotsford Police Patrol officers responded to a report of a body found in the Clinton Ave access parking lot of Clearbrook Park.
Prime Minister Justin Trudeau is back on the road, announcing hundreds of millions of dollars in climate spending from his Liberal government Monday in what would not have looked out of place on the campaign trail.
The federal government spent $20 million on a smartphone application designed to alert users to possible COVID-19 exposures, and new data obtained by The Canadian Press shows the results didn't live up to expectations.
The real estate market in Metro Vancouver eased in June from its record-setting pace in March and April. The Real Estate Board of Greater Vancouver says the number of home sold in the region totalled 3,762 last month, up 54 per cent from the 2,443 sales recorded a year earlier, but down 11.9 per cent from the 4,268 sold in May 2021.
Two Vancouver Police officers were stabbed this morning while responding to a 9-1-1 call about a forcible confinement involving a 2 year-old child. Both officers were transported to hospital where they are now in stable condition.
