- Indian Prime Minister Modi met with 15 top US tech CEOs, including Sundar Pichai, Shantanu Narayen, and Jensen Huang, to promote India as a hub for innovation and manufacturing.
- The India-US semiconductor pact aims to build India's first fabrication plant for national security.
Indian Prime Minister Narendra Modi urged top US tech companies to explore India as a destination for manufacturing and innovation during his meeting with 15 leading CEOs in New York.
This came after the Quad summit, which includes the US, Australia, and Japan. Attendees included Sundar Pichai of Google, Shantanu Narayen of Adobe, Arvind Krishna of IBM, and Jensen Huang of NVIDIA.
Modi highlighted India’s potential for collaboration, saying companies could "co-develop, co-design, and co-produce in India for the world." According to India’s foreign ministry, the meeting focused on innovations with the potential to revolutionize the global economy and human development.
India is positioning itself as an alternative to China in the global supply chain, with a special focus on semiconductor manufacturing. The country has lagged behind major suppliers like China and Taiwan but is making progress through a new India-US semiconductor pact, described as a "watershed arrangement." The agreement will establish a chip fabrication plant in India for national security, telecommunications, and green energy, supplying both Indian and US military forces.
The Quad leaders also addressed security in the Indo-Pacific region, issuing a joint statement that strongly opposed "destabilizing or unilateral actions that seek to change the status quo by force or coercion." Though China was not mentioned by name, the language in the statement was stronger than in previous declarations, reflecting rising concerns about Chinese actions.
This marked Modi’s first US visit since his re-election in June. Despite prior hints, there was no meeting with former President Donald Trump.
Edited by Harshajit Sarmah
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