President Barack Obama, PM Narendra Modi: Speech highlights

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New Delhi | Published: January 27, 2015 11:53:04 AM

At the CEO meet, PM Narendra Modi and US President Barack Obama promised a lot, including a better tax...

Barack Obama, Barack Obama Modi, Barack Obama speech, Barack Obama Narendra Modi, Obama speech, Obama in India, Obama highlights, Modi highlights, Narendra Modi, Narendra Modi speech, Narendra Modi news, Narendra Modi Obama, Modi highlights of speech, Modi Obama meetUS President Barack Obama with Prime Minister Narendra Modi share a light moment during the India-US Business Summit in New Delhi. PTI

At the CEO meet, PM Narendra Modi and US President Barack Obama promised a lot, including a better tax regime in India and America to provide $4 billion in loans and investments that could unlock what the prez called the “much untapped potential” of a business and strategic partnership between the two countries.

Here are the highlights:

Huge potential for all sectors in India, Prime Minister Narendra Modi said while addressing business leaders.

Economy has to grow to increase purchasing power: PM

India is full of opportunities, we have talent as well as scope; want to focus on skill, scale and speed: PM.

Agree with the suggestion to monitor big projects at PMO level: Modi.

There is a need for consistency in polices for economic growth: Modi at CEOs meet

We have worked tirelessly in last 8 months to increase economic growth and transform lives of people: Modi

Modi promises a predictable tax regime

You will find environment that is open and welcoming; we will guide and walk with you; you will find a climate that encourages investment and rewards enterprises: Modi

Aims to be in top 50 nations in ease of doing business, says Modi.

Prosperity is no guarantee for peace; India sees world as one family: PM.

Barack Obama on his part, spoke after PM Modi’s speech:

Obama raises intellectual property rights issues.

There is natural convergence between India and the US. There is incredible business talent in India: US President Barack Obama.

PM Modi has brought new energy, vigour to redesigning the architecture in India so that more business and greater growth take place: Obama

We are moving in the right direction. There is still untaped potential that we have not realised. Lot more work needs to be done: Obama.

We want to see more trade. We want to see more investment between the two countries that will benefit the people.

Great interest on part of US companies to find consistency, clarity, greater simplicity in regulatory and tax environment in India: Obama

Exim Bank of US to commit USD 1 billion for project financing: Obama.

US Trade and Investment Development Agency to provide USD 2 billion for renewable energy projects: Obama

We can work together to develop new technologies to help India leap forward: US President.

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