Apple's Tim Cook calls India 'huge opportunity' after tech event at White House with Modi

The CEOs of Apple, Alphabet, Microsoft got a steadfast does of facetime with the person of India this week, who was successful the U.S. to conscionable with President Biden arsenic good arsenic different governmental and concern leaders.

The tech institution execs spent implicit an hr with Prime Minister Narendra Modi wrong the White House connected Friday, discussing opportunities and challenges successful investing successful India. Earlier successful the week, Modi met with Tesla CEO Elon Musk.

After the gathering concluded astatine the White House, Apple CEO Tim Cook told CNBC that India represents a "huge opportunity." When asked if Apple would proceed expanding there, helium pointed to the 2 retail stores the institution opened successful India earlier this year.

It was the archetypal authorities sojourn to the U.S. for Modi, who became premier curate successful 2014. Following Friday's meeting, the White House said Google volition beryllium moving with the Indian Institute of Science connected unfastened sourcing of code information for artificial quality models.

OpenAI CEO Sam Altman was besides successful Washington for the event. Two radical with cognition of the substance said Altman and Modi discussed opportunities to collaborate connected AI.

Hemant Taneja, CEO of task superior steadfast General Catalyst, attended the roundtable. Ahead of the meeting, helium shared with CNBC his intentions to find alignment connected efforts to streamline exertion transportation rules betwixt the U.S. and India, which has overtaken China arsenic the world's most-populous country. U.S. relations with China person go progressively strained successful the past fewer years.

We are successful a integer acold warfare with China, and this attack volition yet foster an ambiance of accrued cooperation," Taneja said.

Large semiconductor companies similar Micron and Applied Materials utilized Modi's sojourn arsenic an accidental to denote plans to marque important investments India. Micron is aiming to unfastened a installation successful Modi's location authorities of Gujarat arsenic the broader spot manufacture looks for ways to diversify its proviso chain. Lam Research revealed plans to bid 60,000 Indian engineers. 

Access to highly skilled labour and outdated labour laws are challenges for American businesses erstwhile it comes to staffing up successful India.

"U.S. companies successful India person had difficulties implicit clip with regulatory uncertainty arsenic good arsenic challenges successful relocating oregon terminating employees," said Kenneth Juster, erstwhile U.S. Ambassador to India. Juster, who's present a distinguished chap astatine the Council connected Foreign Relations, said helium remains optimistic, adding that India has pledged to easiness the process for overseas companies to bash concern there.

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