FMCG giant Unilever CEO Paul Polman and technology major Intel President Renee James on Tuesday met Prime Minister Narendra Modi as a slew of global corporate honchos continue to line up to express their intention to invest in India.
Intel Corporation, which is planning to increase investment in Indian startups working on the Internet of Things (IoT) this year through its investment arm Intel Capital, is also aiming to tap opportunities around the government’s Digital Indian programme.
On the other hand, Unilever, which sells brands like Lifebuoy, Domex and Pureit through its subsidiary Hindustan Unilever in India, is seen to be keen to participate in Modi’s pet project, Swachh Bharat campaign.
On Monday, a group of global CEOs, including Anshu Jain of Deutsche Bank AG, Dieter Zetsche of Daimler AG, Kurt Bock of BASF, Heinrich Biersinger of Thyssen Krupp, Yngve Slyngstad of Norgos, and Feffrey Jaensubhakiji of GIC AM had met Modi.
According to a PMO statement, the CEOs had appreciated the economic reform initiatives of the Prime Minister, and also expressed their intention to increase investments in India.
The Modi government has been wooing foreign investors to India with ease of doing business in the country a top priority on its agenda besides undertaking a slew of steps like relaxing FDI in defence and insurance and amending the Land Acquisition Bill.