Prime Minister of India Narendra Modi is in the United States talking to some of the US’s most successful companies in order to persuade them to do more business in one of the world’s most populated countries. It looks like Modi has had some success, getting to company’s such as Walmart and Apple to invest at least $45 billion over the next two to three years in India.
The agreement was reached at a round-table discussion held in Washington DC between Modi and about 20 CEOs.
This is not Modi’s first success with American companies. Last year the Prime Minister was able to get top Silicon Valley players to try India. On Tuesday Modi sat with the CEOs of companies from a wide variety of sectors for 90 minutes. He told the CEOs that investor confidence in India is on the rise as the country is entering a growth mode.
“We will continue to make our tax policies more predictable. We have made major strides towards predictability by signing a number of Advance Pricing Agreements with the United States. At the same time, like the US, we are cracking down on tax evasion and unfair tax avoidance,’’ Modi said.