Google CEO Sundar Pichai and Apple CEO Tim Cook listen as India’s prime minister, Narendra Modi, speaks during a meeting with senior officials and CEOs of American and Indian companies, in the White House in Washington, D.C., on June 23, 2023.Brendan Smialowski | AFP | Getty ImagesThe ironclad relationship that India Prime Minister Narendra Modi has developed with CEOs of the largest U.S. tech companies is giving his nation the foreign support that India has craved for more than a decade.Those ties also have boosted Modi’s own profile ahead of key elections that start Friday, a former Indian government official told CNBC on the condition of anonymity.The promise of further economic growth in India as China’s economy slows has led many American CEOs to support Modi’s policies. Tensions between Washington and Beijing have also pushed U.S. conglomerates to diversify their manufacturing bases to countries including India to avoid disruptions from any potential conflict.”Shifting supply chains away from rivals makes India a very important linchpin,” Manjari Chatterjee Miller, senior fellow for India, Pakistan, and South Asia at the Council on Foreign Relations, told CNBC.The support from major U.S. companies also helps to shield Modi from criticism of India’s continued purchase of Russian and Iranian oil, as most major economies sanction the two nations.Ahead of the election, Apple’s expansion into India in particular has given Modi political clout and created more investing interest among U.S. companies, experts told CNBC.”The story of Apple, such a marquee name, has worked in Modi’s favor – not only has it helped the economy, but it has also given him political swagger,” said Pravin Krishna, Chung Ju Yung distinguished professor of international economics and business at Johns Hopkins University.Modi has established an ongoing dialogue with a range of powerful Silicon Valley CEOs as India’s national election starts. The election, which will end in early June, is expected to see more than 960 million citizens vote. Polls suggest Modi’s Bharatiya Janata P …
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[mwai_chat context=”Let’s have a discussion about this article:nnGoogle CEO Sundar Pichai and Apple CEO Tim Cook listen as India’s prime minister, Narendra Modi, speaks during a meeting with senior officials and CEOs of American and Indian companies, in the White House in Washington, D.C., on June 23, 2023.Brendan Smialowski | AFP | Getty ImagesThe ironclad relationship that India Prime Minister Narendra Modi has developed with CEOs of the largest U.S. tech companies is giving his nation the foreign support that India has craved for more than a decade.Those ties also have boosted Modi’s own profile ahead of key elections that start Friday, a former Indian government official told CNBC on the condition of anonymity.The promise of further economic growth in India as China’s economy slows has led many American CEOs to support Modi’s policies. Tensions between Washington and Beijing have also pushed U.S. conglomerates to diversify their manufacturing bases to countries including India to avoid disruptions from any potential conflict.”Shifting supply chains away from rivals makes India a very important linchpin,” Manjari Chatterjee Miller, senior fellow for India, Pakistan, and South Asia at the Council on Foreign Relations, told CNBC.The support from major U.S. companies also helps to shield Modi from criticism of India’s continued purchase of Russian and Iranian oil, as most major economies sanction the two nations.Ahead of the election, Apple’s expansion into India in particular has given Modi political clout and created more investing interest among U.S. companies, experts told CNBC.”The story of Apple, such a marquee name, has worked in Modi’s favor – not only has it helped the economy, but it has also given him political swagger,” said Pravin Krishna, Chung Ju Yung distinguished professor of international economics and business at Johns Hopkins University.Modi has established an ongoing dialogue with a range of powerful Silicon Valley CEOs as India’s national election starts. The election, which will end in early June, is expected to see more than 960 million citizens vote. Polls suggest Modi’s Bharatiya Janata P …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
