PM Modi dines with Fortune 500 CEOs, invites them to ‘Make in India’

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NEW YORK: Prime Minister Narendra Modi met top CEOs in the US, listing the various sectors that India has opened up for investments and inviting the US business leaders to ‘Make in India’.

“Reform in governance is my number 1 priority. We are for simplified procedures, speedy decision making, transparency and accountability,” Modi told the top 47 CEOs from the Fortune 500 companies whom he met over dinner on Thursday.

“FDI all over the world has fallen but in India it increased by 40 percent. This reflects confidence in the Indian economy,” the Prime Minister said.

The Prime Minister said India is ready to welcome them (CEOs) with both hands and it is the right time for them to come and invest in the world’s largest democratic country.

Fortune Editor Alan Murray moderated the discussion.

Among the CEOs of Fortune 500 companies who attended the dinner were Lockheed Martin Chairman and CEO Marillyn Hewson, Ford President and CEO Mark Fields, IBM Chairman Ginni Rometty, Pepsi Co Chief Indra Nooyi and Dow Chemical Chairman Andrew Liveris.

Citigroup Chairman Michael O’Neill, MasterCard CEO Ajay Banga, Boeing International President Marc Allen, Goldman Sachs President Gary Cohn, Blackstone President Hamilton James, SanDisk co-founder Sanjay Mehrotra, Harman International Chairman Dinesh Palatal and Time Inc CEO Joe Ripp were also present on the occasion.

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