Sources said US Ambassador Kenneth Juster will be hosting the CEOs in the closely guarded meeting with the US President. “The focus is on those companies who have created jobs in the US,” said a source without elaborating.
Anand Mahindra, chairman of the Mahindra group, Baba Kalyani, managing director of Bharat Forge, founder and co-chairman of Jubilant group, and Tata Sons chairman N Chandrasekaran are among the 12 CEOs who have got the coveted invite for the meeting. Mukesh Ambani, chairman and managing director of Reliance Industries will also be present in the meeting.
Anand Mahindra’s company has made substantial investments in the US and has promised to invest $1 billion apart from the $1 billion that has already been invested in the country. Mahindra unveiled a new office in Washington last year and his company is present in various segments such as automotive manufacturing, farm equipment production, IT services, sustainable transportation and others. Last year, Mahindra had vowed his firm’s commitment to creating jobs in the US as well as taking part in contributing to 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 Aluminium.
Similarly, Hari Bhartia’s Jubilant Bhartia group has its presence in the US and Canada. Bhartia has been a key link in the strengthening of US-India economic ties and has led delegations to the US on crucial economic and trade issues.
The Tata group is present across sectors in the US and its arm TCS has several large US clients and is based in several key US cities.
Since taking over as president, Trump’s focus has been on creating domestic jobs under his America First policy. This has paid off to some extent with several top companies unveiling major investments to set up manufacturing facilities in the US.