Based on the information provided, it seems that Prime Minister Narendra Modi has stated that several global companies, including Walmart, Apple, Cisco, NXP, and Foxconn, are planning to increase their investments in India. The Prime Minister believes that this will create more job opportunities in the private sector, aligning with the government's focus on boosting employment. During his upcoming visit to the United States, PM Modi intends to meet with more CEOs to further enhance investment prospects.
PM Modi mentioned that Walmart's CEO, Doug McMillon, expressed confidence in India's potential to export goods worth up to Rs 80,000 crore. He also cited discussions with Chuck Robbins, the CEO of Cisco, who set a goal to export products worth Rs 8,000 crore from India. In addition, PM Modi mentioned Apple CEO Tim Cook's interest in manufacturing mobile devices in India and the positive outlook of NXP's top executives regarding India's semiconductor ecosystem. He further highlighted Foxconn's significant investments in the country.
The Prime Minister emphasized the government's efforts to streamline and simplify the recruitment process, stating that it has eliminated corruption and nepotism. He noted that the entire process, from applying for government jobs to the recruitment itself, has been moved online. PM Modi also mentioned that over 4.5 crore people have secured employment in the formal sector based on data from the Employees' Provident Fund Organisation (EPFO) since 2018-19. Moreover, he highlighted the growth of the start-up culture in India, with the number of start-ups exceeding one lakh compared to a mere 100 nine years ago.
Overall, PM Modi's statements suggest a positive outlook on India's industrial and investment climate, with increased interest from global companies and a focus on job creation and employment opportunities in various sectors