Trump will meet with Indian CEOs who create manufacturing jobs in the US UU.
NEW DELHI: President of the United States Donald Trump He will meet with a select group of about a dozen Indian CEOs on Tuesday and among them will be those whose companies have made investments in the manufacturing sector to create jobs in the United States.
The sources said that the United States ambassador, Kenneth Juster, will host the CEOs in the closely guarded meeting with the president of the United States. The focus is on those companies that have created jobs in the United States, a source said without giving more details.
Anand Mahindra, Chairman of the Mahindra Group, Baba Kalyani , the general director of Bharat Forge, founder and co-chair of the Jubilant group, and the president of Tata Sons, N Chandrasekaran, are among the 12 CEOs who received the coveted invitation to the meeting. Mukesh Ambani , president and CEO of Reliance Industries will also be present at the meeting.
Anand Mahindra company has made substantial investments in the United States and has promised to invest $ 1 billion apart from the $ 1 billion that has already been invested in the country. Mahindra introduced a new office last year and its company is present in several segments, such as automobile manufacturing, agricultural equipment production, IT services, sustainable transport and others. Last year, Mahindra had promised his company's commitment to create jobs in the US. UU. And to participate in the development of local economies.
Last year, Baba Kalyani’s firm Bharat Forge had announced plans to invest $ 56 million to set up a new plant in the US. The new forging and machining unit by the world’s largest forging firm will be based in North Carolina. The investment is part of the firm’s plans to raise its presence in lightweight materials such as Aluminum.
Similarly, the Jubilant Bhartia group of Hari Bhartia has a presence in the United States and Canada. Bhartia has been a key link in strengthening economic ties between the United States and India and has led delegations to the United States on crucial economic and trade issues.
The Tata group is present in all sectors of the USA. UU. And its TCS arm has several large US clients. UU. And it is based in several key cities in the USA. UU.
Since taking office, Trump's focus has been to create domestic jobs under his America First policy. This has been valid to some extent with several major companies that have revealed large investments to establish manufacturing facilities in the United States.