Day 1 in US: Narendra Modi lures investors to India

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A look at what happened on the first day of prime minister Narendra Modi’s visit to New York on 24 September provides a clear idea about his priority that he means business.

Prime Minister Narendra Modi who is currently in New York, has listed various sectors that have opened up for investments in India and invited US industrialists to Make in India’. Reform in governance is my No. 1 priority. We favour simplification of procedures, speedy decision-making ,and accountability.”

On the Day 1 of his US tour, Modi met CEOs of 47 Fortune 500 companies and financial sector players and made a pitch for making investments in India. Wooing investors, Modi’s appeal comes at a time when the global economy is passing through a difficult phase of a crippling economic slowdown in China.

Those who attended, include, Jamie Dimon of JP Morgan, Steve Schwarzman of Blackstone, Charles Kaye of Warburg Pincus, Henry Kravis of KKR, Bill Ford of General Atlantic, Peter Hancock of AIG Insurance, Chase Coleman of Tiger Global, and Vicki Fuller of NY State Common Retirement Fund, Lockheed Martin chief Marillyn A Hewson, Pepsi Co Chief Indra Nooyi and Aecom chief executive Mike Burke.

Media tycoon Rupert Murdoch has tweeted that he had a “great hour” with the “best leader with best policies since independence, but big task to achieve in complex nation.” Murdoch was among the top CEOs who met Modi.

At the meeting called “Media, Technology and Communications – Growth Story for India”, top honchos such as News Corp, 21st Century Fox, Sony, Discovery, Time Warner, A&E and VICE Media, met Modi.

Later, he will address a UN summit meeting where he will make a pitch for a permanent seat on UN Security Council. While China is seen to oppose India’s push, on the other hand, the country will also seek the support of Brazil and Japan.

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