PM Modi and President Obama at the India-US Business Summit
Prime Minster Narendra Modi and US President Barack Obama addressed industry leaders at a business summit in New Delhi's Taj Palace hotel. Earlier, both the leaders interacted with CEOs of Indo-US forum.
Here are the highlights of their interaction:
PM Modi's Address:
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- There should be consistency in policies of the government
- IPR is a crucial issue. Joint working forum will thrash out the issue
- First target should be to raise the purchasing power of Indians
- It is important to mechanize the agricultural sector in India
- Per drop more crop is the government's focus
- I'm addressing the climate issue, issues of framers and also availability of water
- I want to focus on skill, scale and speed
- Big projects will be monitored by the PM's office. I take responsibility
- In the past 8 months, we have worked tirelessly to fulfil the mandate given to us by the people
- Business environment will not only be open but also welcome
- Our target is to bring India into top 50 of ease of doing business nations
- Government will nurture innovation and protect intellectual property
- Business sentiment is strongest in India among Asian countries
- Investments from US has jumped 50 per cent in 6 months of my government
- The opportunities India offers is huge
- India's progress is a destiny of 1.2 billion people. Its success will be a great outcome for the world
- Indians are powering US businesses
- Indian IT companies building skilled jobs in the US
- Economic resurgence in both the countries gives us big hope
US President Barack Obama at the Meet
- The aim of my visit is also stronger economic cooperation
- Greater economic cooperation is a win-win for both
- There is a lot of untapped potential of India-US economic ties
- India makes for just 2 per cent of US imports and 1 per cent of US exports
- There is a lot of scope for more investments between the two countries
- Exim Bank of US to commit $1 billion for project financing
- US Trade and Investment Development Agency to provide $2 billion for renewable energy projects
- US will help India build its infrastructure
- The fortunes of Indian and US economies are inextricably linked at the global level
- India to set up government committee for fast-tracking American investments
- I am excited that not only is the US investing in India but a lot of Indians are investing in the US
- PM Modi and I are interested in smart regulations
- Incredible business talent exists in India
- There is a natural convergence between the 2 countries
- The Indian diaspora has created incredible companies, values all over the world
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