financetom
Business
financetom
/
Business
/
IBM CEO shares 'huge investment' plans in India with PM Modi
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
IBM CEO shares 'huge investment' plans in India with PM Modi
Jul 20, 2020 11:13 AM

Prime Minister Narendra Modi interacted with IBM CEO Shri Arvind Krishna via video conferencing today. IBM shared the company’s ‘huge investment’ plans in India and expressed confidence in the Aatmanirbhar Bharat vision.

This meet comes in a week after Google chief Sundar Pichai announced that the tech giant’s plans to invest Rs 75,000 crore, which translates to approximately $10 billion, into India over the next 5-7 years through its India Digitization Fund. Out of this fund, the tech giant has will invest Rs 33,737 crore in Jio Platforms for a 7.7 percent stake in RIL's technology arm.

During this meeting with IBM, PM Modi highlighted that this is a great time to invest in India. He said that the country is welcoming and supporting investments taking place in the tech sector. CNBC-Tv18 has reached out to IBM to decode the details of this plans and awaiting response.

He noted that while the world is witnessing slowdown, FDI inflow in India is increasing. He said that the country is moving forward with the vision of a self-sufficient India so that a globally competent and disruption resilient local supply chain can be developed.

Talking about the impact of COVID on business, Prime Minister addressing the changed in trend and said that ‘work from home’ is being adopted in a big way and the government is constantly working towards providing infrastructure, connectivity and regulatory environment to ensure that this technological shift is smooth. He also discussed the technologies associated and challenges involved in the recent decision of IBM to make 75% of its employees to work from home.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Record July Fourth travel expected as Americans hit the road and the skies
Record July Fourth travel expected as Americans hit the road and the skies
Jul 2, 2025
NEW YORK (Reuters) -A record number of Americans are set to travel for the Fourth of July holiday by road and air, travel industry statistics show, but many last-minute travelers say their plans depend on whether they can get a good deal on airline tickets. In more cases, the best value for travelers is for those looking to go abroad...
MARA Shares Inch Higher In Wednesday's Pre-Market After Bitcoin Miner Targets 40% Hashrate Growth By Year-End
MARA Shares Inch Higher In Wednesday's Pre-Market After Bitcoin Miner Targets 40% Hashrate Growth By Year-End
Jul 2, 2025
Shares of MARA Holdings Inc. ( MARA ) are trading higher in Wednesday’s pre-market trading after the Bitcoin (CRYPTO: BTC) miner announced an ambitious hashrate target by year-end. What Happened: CEO Fred Thiel said the company wants to achieve 75 exahashes by the end of 2025, marking a 40% jump from 2024. “As the largest public bitcoin miner, this goal aligns with both...
Paramount directors including Shari Redstone face recommendation against re-election
Paramount directors including Shari Redstone face recommendation against re-election
Jul 2, 2025
LOS ANGELES, July 2 (Reuters) - Shareholders of Paramount Global ( PARAA ), which is waiting for regulatory approval to merge with Skydance Media, will decide Wednesday whether to re-elect four directors, following a recommendation to oppose their return to the company's board. Influential proxy adviser Institutional Shareholder Services advised clients to vote against the four directors standing for re-election,...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved