PM Modi, President Obama Address Business Leaders: Highlights

Prime Minster Narendra Modi and US President Barack Obama addressed industry leaders at a business summit in New Delhi's Taj Palace hotel. Earlier, both the leaders interacted with CEOs of Indo-US forum.

Here are the highlights of their interaction:

PM Modi's Address:

• There should be consistency in policies of the government
• IPR is a crucial issue. Joint working forum will thrash out the issue
• First target should be to raise the purchasing power of Indians
• It is important to mechanize the agricultural sector in India
• Per drop more crop is the government's focus
• I'm addressing the climate issue, issues of framers and also availability of water
• I want to focus on skill, scale and speed
• Big projects will be monitored by the PM's office. I take responsibility
• In the past 8 months, we have worked tirelessly to fulfil the mandate given to us by the people
• Business environment will not only be open but also welcome
• Our target is to bring India into top 50 of ease of doing business nations
• Government will nurture innovation and protect intellectual property
• Business sentiment is strongest in India among Asian countries
• Investments from US has jumped 50 per cent in 6 months of my government
• The opportunities India offers is huge
• India's progress is a destiny of 1.2 billion people. Its success will be a great outcome for the world
• Indians are powering US businesses
• Indian IT companies building skilled jobs in the US
• Economic resurgence in both the countries gives us big hope

US President Barack Obama at the Meet

• The aim of my visit is also stronger economic cooperation
• Greater economic cooperation is a win-win for both
• There is a lot of untapped potential of India-US economic ties
• India makes for just 2 per cent of US imports and 1 per cent of US exports
• There is a lot of scope for more investments between the two countries
• Exim Bank of US to commit $1 billion for project financing
• US Trade and Investment Development Agency to provide $2 billion for renewable energy projects
• US will help India build its infrastructure
• The fortunes of Indian and US economies are inextricably linked at the global level
• India to set up government committee for fast-tracking American investments
• I am excited that not only is the US investing in India but a lot of Indians are investing in the US
• PM Modi and I are interested in smart regulations
• Incredible business talent exists in India
• There is a natural convergence between the 2 countries
• The Indian diaspora has created incredible companies, values all over the world