October 4, 2014
New York, (ANI)
The CEO of IBM, Virginia Romnetty, discussed about software for India’s pet projects like ‘Smart Cities’ and ‘Digital India Initiative’ during her meeting with Prime Minister Narendra Modi here on Monday.
MEA official spokesman Syed Akbaruddin said Romnetty made this offer in response to Prime Minister Modi’s call for investments.
“CEO of @IBM Virginia Romnetty meets PM @narendramodi. Discusses software for “Smart Cities” and Digital India Initiative,” Akbaruddin said on twitter shortly after the meeting.
The Prime Minister earlier held meetings with a host of business leaders including Boeing CEO James McNerney; American private equity fund Kohlberg Kravis Roberts and Co CEO Henry Kravis; Laurence D. Fink, CEO of the American multinational investment management firm Blackrock; Goldman Sachs CEO Lloyd Blankfein and General Electric Jeffrey CEO R. Immelt.
Prime Minister Modi has announced plans of developing 100 smart cities in India. With the government already allocating Rs 7,060 crore allocation in the Union Budget, the smart cities initiative has garnered the maximum attention from the IT sector as this project will rely heavily on technology because smart cities are technology-driven.
Another pet project of Prime Minister Modi, the ‘Digital India’ plan is the first tech-driven project which aims to promote digital inclusion with broadband connectivity down to the village level, thereby enabling improved access to services through IT-enabled platforms.
IBM India Private Limited is the Indian subsidiary of IBM. It has facilities in Bangalore, Delhi, Kolkata, Mumbai, Chennai, Pune, Gurgaon, Noida, Chandigarh, Indore, Bhubaneshwar, Coimbatore, Visakhapatnam and Hyderabad.
Earlier in the day, Prime Minister Modi held a breakfast meeting with CEOs of 11 top US companies, during which he is believed to have pushed India’s case as the best investment destination in Asia.
Among the eleven CEOs whom the Prime Minister met were Google’s Larry Page, David M Rubenstein of The Carlyle Group, Citigroup CEO Michael L Corbat, Doug Oberhelman of Caterpillar, Cargill President and CEO David W MacLennan, PepsiCo CEO Indra Nooyi, Kenneth C Frazier of Merck, MasterCard President and CEO Ajaypal Singh Banga, AES Corporation CEO Andres Gluski, Charles R. Kaye of Warburg Pincus and Micheal Ball of Hospira – a US-based global pharmaceutical company.
The Prime Minister departs for Washington later in the day where he is going to have a private dinner with U.S. President Barack Obama at White House tonight. (ANI)