The CEOs of Apple, Alphabet, Microsoft had a roundtable meeting with Prime Minister Narendra Modi of India at the White House on Friday. This gathering was a follow-up to Modi's session with Tesla CEO Elon Musk earlier this week. Tim Cook, the leader of Apple, told CNBC that India gives a "huge opportunity". and Modi
The CEOs of Apple, Alphabet, Microsoft and Tesla had a healthy amount of face time with Indian leader Narendra Modi this week, during his U.S. visit. Modi was at the White House on Friday, where he spent more than an hour in discussion about the opportunities and challenges of investing in India with the tech company execs. Apple CEO Tim Cook told CNBC that India represents a “huge opportunity,” and pointed to the two retail stores the company opened there earlier this year. This week also marked Modi's first state visit to the U.S. Following the meeting, the White House announced Google and the Indian Institute of Science would collaborate on open sourcing of data for AI models. OpenAI CEO Sam Altman and Modi discussed potential opportunities to work together on AI as well. Venture capital firm General Catalyst was represented by their CEO Hemant Taneja, who shared his intentions to foster alignment on tech transfer rules between the U.S. and India. In light of strained relations with China, large semiconductor companies Micron and Applied Materials used Modi's visit as an opportunity to announce efforts to invest in India. Micron is aiming to open a facility in Modi's home state of Gujarat, while Lam Research plans to train 60,000 Indian engineers. U.S. companies have previously had difficulty navigating regulatory uncertainty and labor laws when it comes to setting up in India, but Kenneth Juster – former U.S. Ambassador to India – remains optimistic after India pledged to make it easier for foreign companies to do business there.
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