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US CEO's pitch for faster digitisation in India

PTI

New York

American media and entertainment industry leaders have made a strong pitch for early expansion of 4G network and TV digitisation during a meeting with Prime Minister Narendra Modi who told them that India offers "biggest opportunity and the biggest challenge for them".

The CEOs, who included News Corp's Rupert Murdoch, Sony Entertainment's Michael Lynton, and Discovery Communications' David Zaslav, also called for strengthening of the mobile infrastructure.

The focus was on the role that the media and entertainment industry can play in development and generation of employment opportunities in India.

The CEOs - representing 40 per cent of the world's entertainment industry - appreciated Modi for "energetic and dynamic leadership" and expressed optimism about the future of India, an official statement said.

They were enthusiastic about the digital transformation that is taking place in India through the 'Digital India' initiative, it said.

They said that the current strong trajectory of the Indian economy makes it at a unique moment to accelerate growth in this sector.

Modi said the world is now in a technology-driven era, where growth of digital infrastructure is as important as growth of physical infrastructure.

"He suggested to the CEOs that India represents both the biggest opportunity and the biggest challenge for them, and urged them to keep regional languages in mind, as they firm up investment plans for India," the statement said.

The Prime Minister spoke of the Government's vision to connect 600,000 villages through broadband connectivity.

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US seeks industry predictability: Banga

The Goan Network
Published Sep 25, 2015, 12:00 AM IST
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PTI New York Seeking "predictability" in India's economic reforms, MasterCard's Indian-American CEO Ajay Banga, representing the top US firms having businesses in India, said he would like to see improvement in ease of doing business. "Predictability is the most important thing. There has been a lot of progress but people still want to see more," Banga said on the sidelines of his meeting with Prime Minister Narendra Modi on Thursday. Banga met Modi in his capacity as…

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