Modi urges US firms to invest in start ups, energy, digital

Noting the "unprecedented" gains to the US and India through escalating economic engagements, Indian Prime Minister Narendra Modi has asked American companies to invest in startups, energy, health and digital technology.

Photo courtesy: PIB
PM Modi addressed the board members of United States India Strategic Partnership Forum (USISPF)
PM Modi addressing the board members of United States India Strategic Partnership Forum (USISPF). Photo courtesy: PIB

PM Modi addressed the board members of United States India Strategic Partnership Forum (USISPF) comprising senior industry and business captains of the United States of America, who called on him in New Delhi on Tuesday.

They briefed the Prime Minister on the outcomes of India Leadership Summit held earlier in the day.

The business leaders appreciated the economic and regulatory reforms implemented by the Government in the past four years and expressed their desire to further deepen their engagements with India to make use of the mutually beneficial opportunities created by the rapidly growing Indian economy.

The board members of United States India Strategic Partnership Forum comprising senior industry and business captains call on the Prime Minister Narendra Modi in New Delhi (Photo courtesy: PIB
The board members of United States India Strategic Partnership Forum comprising senior industry and business captains call on the Prime Minister Narendra Modi in New Delhi. Photo courtesy: PIB

"The Prime Minister stated that both countries have benefitted in an unprecedented manner through economic engagement. He encouraged US companies to fully avail of the business opportunities in new areas as well, such as start-ups, energy, healthcare and digital technology," a statement from PM Office said.

The USISPF is committed to creating "the most powerful strategic partnership" between the US and India.

Promoting bilateral trade is an important part of its work, though its mission goes beyond, about business and government coming together in new ways to create meaningful opportunities that have the power to change the lives of citizens.

In a new era based on a strategic partnership between the US and India – the forum works closely together with business and government leaders to drive economic growth, job creation, innovation, inclusion, and entrepreneurship.

Author
Pradeep Rana
Pradeep Rana – Senior Correspondent

Pradeep Rana has worked as a journalist with news ​agencies UNI and PTI, newspapers Indian Express and The Times Of India, and television channel NHK as South Asia Correspondent. He has also worked as Media Analyst at US Embassy, and edited several magazines and a medical handbook.

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