Prime Minister Narendra Modi Meets Top Business Leaders in New York
New York [US], September 23: On the second day of his three-day visit to the United States, Prime Minister Narendra Modi met with several industry leaders from various sectors including semiconductors, electronics, and biotechnology. The meeting aimed to discuss the potential and opportunities that India offers.
Key Participants
Among the notable attendees were:
- Shantanu Narayen, Chairman, President, and CEO of Adobe
- Sundar Pichai, CEO of Google
- Arvind Krishna, CEO of IBM
- Lisa Su, Chair and CEO of AMD
- Noubar Afeyan, Chairman of Moderna
Discussion Topics
Prime Minister Modi and the CEOs discussed fostering greater collaborations between India and the US in areas such as AI, quantum computing, semiconductors, and biotechnology.
India-US Bilateral Meeting
During a bilateral meeting on Saturday, President Joe Biden and Prime Minister Modi praised efforts to create resilient, secure, and sustainable semiconductor supply chains. This includes GlobalFoundries’ creation of the GF Kolkata Power Center in Kolkata, India, which will enhance research and development in chip manufacturing.
The leaders also welcomed new private sector cooperation on emerging technologies. IBM’s recent agreements with the Indian government will enable its Watsonx platform on India’s Airawat supercomputer, driving new AI innovation opportunities and enhancing R&D collaboration on advanced semiconductor processors.
Innovation Handshake Agenda
Progress has been made since the November 2023 signing of a Memorandum of Understanding (MoU) between the US Commerce Department and India’s Ministry of Commerce and Industry. This aims to enhance the two countries’ innovation ecosystems under the ‘Innovation Handshake’ agenda. Two industry roundtables have been convened in the US and India to bring together startups, private equity and venture capital firms, corporate investment departments, and government officials to accelerate investment in innovation.
Community Address and Quad Leaders’ Summit
On Sunday, Prime Minister Modi addressed a large gathering of the Indian community in New York. On Saturday, he participated in the fourth Quad Leaders’ Summit in Wilmington, Delaware, hosted by President Joe Biden. India has agreed to host the next Quad Summit in 2025.
Upcoming Events
On Monday, Prime Minister Modi will address the ‘Summit of the Future’ at the United Nations General Assembly in New York. The theme of the Summit is ‘Multilateral Solutions for a Better Tomorrow’. He will also hold bilateral meetings with several world leaders to discuss issues of mutual interest.
Doubts Revealed
Prime Minister Narendra Modi -: Narendra Modi is the leader of India. He is like the head of the country, making important decisions.
New York -: New York is a big city in the United States of America. It is known for its tall buildings and busy streets.
AI -: AI stands for Artificial Intelligence. It means making computers and robots smart enough to do things like humans.
quantum computing -: Quantum computing is a new type of computing that is much faster and more powerful than regular computers.
semiconductors -: Semiconductors are materials used to make electronic devices like computers and smartphones work.
biotechnology -: Biotechnology is using living things, like cells and bacteria, to make products or solve problems.
President Joe Biden -: Joe Biden is the leader of the United States of America. He works with other leaders to make important decisions.
sustainable semiconductor supply chains -: This means making sure there are enough materials to make electronic devices in a way that doesn’t harm the environment.
Innovation Handshake -: Innovation Handshake is a plan where different countries work together to create new and better technologies.
Indian community -: The Indian community refers to people from India who live in other countries, like the United States.
Quad Leaders’ Summit -: The Quad Leaders’ Summit is a meeting where leaders from four countries, including India, talk about important issues.
Summit of the Future -: The Summit of the Future is a big meeting where leaders from around the world discuss plans for making the future better.
UN General Assembly -: The UN General Assembly is a group of leaders from many countries who meet to talk about world problems and solutions.
