US corporations are optimistic about India before PM Modi’s visit 2023

American corporate leaders are optimistic about India and want to deepen technological convergence in semiconductors, defense, cybersecurity, and telecoms before Prime Minister Narendra Modi’s State Visit.

The US India Business Council (USIBC) held its annual India Ideas Summit on Tuesday, the largest gathering of Indian and American CEOs before the State Visit the next week.

On June 22, President Joe Biden and First Lady Jill Biden will host a State Dinner for Modi.

Great mood… Very upbeat. The State Visit excites everyone. …. Everyone wants technological convergence in semiconductors, defense, cybersecurity, telecommunications, 5G, and 6G.

In an interview with PTI, USIBC president Atul Keshap said, “Everyone wants to see more work on that.” They desire bilateral trade. “We want trade to reach USD 500 billion as soon as possible,” he stated.

Startups and established companies collaborate on vital technologies.

I want more defense deals. Defence deals deter. “When we host Indus X here next week, we’ll try to see how that startup incubator of ideas and convergence can have even more impact on US-India relations,” Keshap added. General Atomics Global Corporation CEO Vivek Lall reported a positive attitude.

Next week’s Prime Minister’s visit to Washington will be historic. “I think the business community and certainly the government community is very keenly looking forward to the visit; very keenly looking forward to how there can be a step function in various areas of cooperation,” he told PTI on the sidelines of the summit.

He stated this will establish the tone and speed of this relationship for decades. He stated that the Official State Visit is crucial. He stated that all sectors, especially the business community here, are hoping for good bilateral discussions.

We think quantum, artificial intelligence, and defense innovation have great promise for both countries. “That indicates future growth and development,” Lall added.

The visit excites TiE Global Board of Trustees member B J Arun.

We’re thrilled and optimistic about India’s developments. He’s business-friendly. We’ve seen political leaders come before, but we’ve never seen policy improvements, he added.

This is the first time in nine years that someone has worked on it and developed policy based on what needs to be done, and it’s working. Arun said the measures are bearing fruit.

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