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US President Joe Biden looks on as Indian Prime Minister Narendra Modi speaks during a meeting with senior officials and CEOs of US and Indian companies, in the East Room of the White House in Washington, DC, on June 23, 2023.
Brendan Smialowski | AFP | Getty Images
CEOs of appleAnd the alphabetAnd Microsoft He got a healthy experience with India’s leader this week, who was in the US to meet with President Biden as well as other political and business leaders.
Tech company executives spent more than an hour with Prime Minister Narendra Modi inside the White House on Friday, discussing opportunities and challenges in investing in India. Earlier in the week, he met Modi Tesla CEO Elon Musk.
After the meeting ended at the White House, Apple CEO Tim Cook told CNBC that India represented a “huge opportunity.” When asked if Apple will continue to expand there, he pointed to two retail stores that the company opened in India earlier this year.
It was the first state visit to the US for Modi, who became prime minister in 2014. After Friday’s meeting, the White House said Google would work with the Indian Institute of Science on open-source speech data for AI models.
OpenAI CEO Sam Altman was in Washington for the event. Two people familiar with the matter said Altman and Modi discussed opportunities for cooperation in the field of artificial intelligence.
Hemant Taneja, CEO of venture capital firm General Catalyst, attended the round table. Before the meeting, he shared with CNBC his intentions to find consensus on efforts to streamline rules for technology transfer between the United States and India, which has overtaken China as the world’s most populous country. US relations with China have become increasingly tense in the past few years.
We are in a digital cold war with China, and this approach will ultimately foster an atmosphere of increased cooperation.”
Large semiconductor companies such as micron And Applied materials Modi’s visit was used as an opportunity to announce plans to make major investments in India. Micron aims to open a facility in Modi’s state of Gujarat as the broader chip industry looks for ways to diversify its supply chain. L Research He revealed plans to train 60,000 Indian engineers.
Access to highly skilled labor and outdated labor laws present challenges to American companies when it comes to hiring in India.
“US companies in India have struggled over time with regulatory uncertainty as well as challenges moving or terminating employees,” said Kenneth Gaster, former US ambassador to India. He remains optimistic, said Juster, now a distinguished fellow at the Council on Foreign Relations, adding that India has pledged to ease the process for foreign companies to do business there.
He watches: Big tech CEOs meet with Biden
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