Top tech execs get ready to meet Modi as China's economy falters

As China's system falters, apical U.S. firm executives are making it a precedence to conscionable Prime Minister Narendra Modi during his authorities sojourn to the White House, including Thursday's dinner.

Apple CEO Tim Cook, Google CEO Sundar Pichai, Microsoft CEO Satya Nadella and FedEx CEO Raj Subramaniam volition beryllium among the respective U.S. CEOs attending the White House authorities meal Thursday, according to sources acquainted with the situation.

The authorities meal is simply a archetypal for India and is viewed by New Delhi arsenic a coup.

"The accidental is huge. The medication is going each retired to springiness the premier curate a close-to-royal welcome," Frank Wisner, erstwhile U.S. ambassador to India, told CNBC.

Other companies with a large footprint successful India volition besides nonstop their CEOs, including Marriott's Tony Capuano and Cummins' Jennifer Rumsey, according to aggregate sources.

The biggest woody to beryllium announced volition beryllium General Electric co-producing subject pitchy engines successful India alongside Hindustan Aeronautics.

"Strengthening of US-India defence and information ties volition apt beryllium a large result for the trip, particularly astir issues of captious exertion sharing and defence instrumentality IP," said Safiya Ghori-Ahmad of the Atlantic Council who antecedently worked connected the Senate Foreign Relations Committee to CNBC.

Separately, CNBC has learned General Atomics is nearing a woody to merchantability caller drones to New Delhi astatine a clip erstwhile the state is trying to beef up its security.

Modi's accomplishment to the U.S. follows a high-profile gathering successful China betwixt Secretary of State Antony Blinken and China's President Xi Jinping connected Monday successful a bid to easiness tensions betwixt the 2 largest economies successful the world. China is 1 of the docket items erstwhile Modi meets with Biden and U.S. executives Thursday and Friday.

"Both the U.S. and India stock a communal involvement successful managing the emergence of Chinese power," said Wisner.

A abstracted Modi gathering with tech leaders is besides successful the works for Friday, wherever exertion transportation and uncovering ways to diversify distant from China volition beryllium discussed, per aggregate sources.

With China's system decelerating and governmental tensions high, firm America has taken steps to diversify distant from the country. Apple opened 2 retail stores successful India earlier this twelvemonth aft moving immoderate iPhone accumulation to the country. CNBC antecedently reported Apple is besides looking to move immoderate of its iPad accumulation from China to India, though unskilled labour and anemic infrastructure contiguous challenges for U.S. businesses wishing to grow businesses there.

Sources adjacent to Modi accidental the Indian person is hoping to easiness those concerns and spot much U.S. companies perpetrate to manufacturing determination arsenic well. Modi is said to person met with Tesla CEO Elon Musk connected Tuesday to sermon opening a mill successful the state arsenic well, sources antecedently told CNBC.