Mike Bloomberg, Lockheed Martin Chief Call on PM Modi: 10 Developments

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Mike Bloomberg, Lockheed Martin Chief Call on PM Modi: 10 Developments

PM Modi will attend the United Nations General Assembly session in New York before he heads to the West Coast.

New York:  After a series of meetings through the day, a group of top CEOs called on Prime Minister Narendra Modi at New York's Waldorf Astoria, where he is staying. Among them was Mike Bloomberg, business tycoon, philanthropist and former mayor of New York and Ajay Banga, CEO of Mastercard and the head of US-India Business Council.
Following are the latest developments in this story:
  1. Others meeting PM Modi included Marillyn Hewson, Chairman of the aerospace and defence giant Lockheed Martin Corporation, and Mike Burke, Chairman and CEO of infrastructure firm Aecom.
  2. The Prime Minister will be meeting 47 CEOs - many of them from the Fortune 500 list -- at the hotel for dinner. The interactive session preceding the dinner will be moderated by Alan Murray, editor of the Fortune magazine. The external affairs ministry has described this as a "major push for the Make in India programme".
  3. Earlier, at a meeting with the heads of the US media sector, PM Modi had said India was "committed" to protecting Intellectual Property Rights "which is essential to fostering creativity". US firms contend that India has lax rules on intellectual property rights, especially in the pharmaceutical sector, but India maintains it complies with the global rules.
  4. The session, a round table on technology and communications, focused on leveraging India's growth story through the media. It was attended by the top executives of News Corp, 21st Century Fox, Sony, Discovery, Time Warner and others and was coordinated by Rupert Murdoch's News Corporation.
  5. The day devoted to marketing the Brand India. The Prime Minister had started with a strong investment pitch to nine top American CEOs from the financial sector. Later, he tweeted that it was a "highly fruitful" exchange.
  6. Those attending the discussion included Jamie Dimon of JP Morgan, Steve Schwarzman of Blackstone, Bill Ford of General Atlantic, Peter Hancock of AIG Insurance, Chase Coleman of Tiger Global and Vicki Fuller, chief investment officer of New York State Common Retirement.
  7. PM Modi also held a bilateral meeting with his Bangladesh counterpart Sheikh Hasina and met President David Arthur Granger of Guyana.
  8. The Prime Minister, who arrived in New York early last evening local time, will attend the United Nations General Assembly session in New York before he heads to the West Coast. He will also meet US President Barack Obama during his six-day US trip.
  9. On Saturday, PM Modi will host German Chancellor Angela Merkel, Japanese PM Shinzo Abe and Brazilian President Dilma Rousseff in a special summit of what is known as the G-4 group - countries which back each other's bid for permanent seats at the UN Security Council.
  10. From New York, the PM will travel to Silicon Valley where he will visit the Facebook headquarters in California for a Townhall with its CEO Mark Zuckerberg and the Google campus. On Sunday, he will interact with the Indian community at the SAP Centre in San Jose.




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