Published 06:19 IST, September 26th 2019
PM Modi meets the CEO of Bank of America, makes investment push
Prime Minister Narendra Modi met Bank of America CEO Brian Moynihan on the sidelines of the UNGA. Moynihan said it was great listening to PM's vision for India
- Republic Business
- 3 min read
Prime Minister Narendra Modi met Bank of America CEO, Brian Moynihan, on the sidelines of the United Nations General Assembly. The Prime Minister interacted with 40 business leaders from across the United States. The leaders of these companies were from various number of sectors and industries, such as financial services, IT, business, retail, power, food processing etc.
'Great listening to Modi'
At the end of the meeting, Moynihan said that it was great to listen to PM Modi on his vision for India. He added, "We've been in India for 70 years, with 20,000 team maters who have been working there to help and support the growth agenda, which states consistency in rules and regulations, ease of doing business with clients and customers saying that they are interested in doing business which bodes well for the country going forward."
PM Modi interacted with 40 CEOs in the round table conference, where the government made a presentation on the investment opportunities in India and why the country is an ideal destination for global firms. The government also mentioned the changes in policy and various other policy initiatives undertaken to encourage investments. 15 CEOs expressed a desire to invest in India and also raised issues which they faced and wanted the PM to address. The Prime Minister heard them out and later gave his suggestions. In the end, PM had a one-on-one meeting with seven firms - Mariott, IBM, Walmart, Coca Cola, Shell, Bank of America and Boeing.
PM's push for investment
The Prime Minister had another hectic day for PM Modi on the sidelines of the United Nations General Assembly, where he also had multiple bilateral meetings with world leaders. The PM started his day by attending the Bloomberg Global Business Forum in New York. The event was lead by Michael Bloomberg and PM Modi delivered a keynote address, where he showed India's roadmap to achieve the target of making it a $5 trillion economy. He invited investors to India stating that there were multiple benefits in doing so and he also said that India lead with 'four Ds' - democracy, demography, demand and decisiveness. At the event, he also highlighted that the Bloomberg National Brand Tracker 2018 survey recently ranked India as the top-performing Asian economy in attracting global investment.
Updated 10:07 IST, September 26th 2019