42 top global CEOs attend Modi's Invest India round table in New York

Lockheed Martin boss expresses confidence on success of F-21 fighter and MH-60R chopper programmes

September 26, 2019 By Vishal Thapar Photo(s): By Government of India
The companies which participated in the Invest India Round Table have a combined net worth of $16.4 Trillion

Prime Minister Narendra Modi lobbied global industry to invest in India during a high profile roundtable discussion attended by 42 CEOs of top global corporates from across 20 sectors on the sidelines of the UN General Assembly in New York on September 25.

The companies that participated in the roundtable with Modi have a combined net worth of $ 16.4 Trillion, of which their net worth in India is $ 50 Billion.

The Prime Minister highlighted the steps taken by India to build a $5 Trillion economy. He emphasised continued political stability, predictability of policy, and pro-development and pro-growth policies to hard sell India as an investment and business destination.

The gathering included Marillyn Hewson, Chairman, President and CEO of the Defence & Aerospace giant Lockheed Martin; Ginni Rometty, Chairman, President and CEO of IBM; Douglas McMillon, President and CEO of Walmart; James Quincey, Chairman and CEO of Coca-Cola; Jamie Dimon, Chairman and CEO of JP Morgan; James D. Taiclet, CEO of American Tower Corporation and co-chair of the India-US CEO forum; and senior executives from Apple, Google, Marriott, VISA, Mastercard, 3M, Warburg Pincus, AECOM, Raytheon, Bank of America and Pepsi.

The Prime Minister highlighted the steps taken by India to build a $5 Trillion economy. He emphasised continued political stability, predictability of policy, and pro-development and pro-growth policies to hard sell India as an investment and business destination

Lockheed Martin's Hewson lauded the round table interaction with Modi as 'excellent" and "very productive", and congratulated India for its programmes and policies. She went on to express confidence on the success of the MH-60R naval helicopter and F-21 fighter programmes in India.

During the interaction, the CEOs briefly outlined their specific plans for India and also put forth recommendations to aid India’s efforts towards skill development, Digital India, Make in India, inclusive growth, green energy and financial inclusion.

Participating CEOs outlined their India specific plans. The net worth of their India operations is $50 Billion

The participants appreciated the great strides made by India in striving towards ease of doing business and many reforms which have led to a conducive environment for investors. The business leaders complimented the Prime Minister on taking strong decisions with a focus on Ease of Doing Business and making India more investor-friendly. The leaders also mentioned that their companies remained committed to the growth story of India and, on the back of this, continued to grow their footprint in India.

Commerce and Industry Piyush Goyal and senior officials from the Department of Promotion of Industry and Internal Trade and Ministry of External Affairs attended the round table.