Prime Minister Narendra Modi met Jane Fraser, Chair and Chief Executive Officer of Citi, and discussed India’s economic growth prospects, investment landscape and opportunities for deeper collaboration to support the country’s development priorities, the global financial services firm said on Thursday.
According to a Citi statement, the Prime Minister outlined his vision for sustaining economic momentum and accelerating growth to achieve the goal of Viksit Bharat 2047.
The meeting, held on Wednesday, covered a range of issues, including investment and capital flows into India, overseas opportunities for Indian companies, alternative energy and artificial intelligence (AI).
The two leaders also explored ways Citi could further support India’s economic agenda, facilitate greater participation by global investors and assist Indian businesses in expanding into international markets.
The discussions included opportunities related to the development of alternative energy sources, particularly renewable energy sectors such as solar power and green hydrogen.
Artificial intelligence was another key area of focus, with conversations covering the role of regulation and the potential applications of AI in supporting economic growth and innovation, the statement said.
Fraser was accompanied by K. Balasubramanian, Chief Executive Officer of Citi India. During the meeting, the Citi leadership highlighted the institution’s nearly 125-year presence in India, outlined its recent growth in the country and reaffirmed its commitment to supporting Indian clients and the broader economy.
Citi is currently hosting more than 1,500 clients and investors at its Citi India Conference in Mumbai from June 3 to 5. The event is aimed at highlighting India’s investment opportunities and strengthening engagement between global capital and the Indian market.
The company is set to complete 125 years of operations in India in 2027.
(With IANS inputs)
