PM Modi meets Citi CEO Jane Fraser,discuss AI, energy & investments

Prime Minister Narendra Modi met Jane Fraser, Chair and Chief Executive Officer of Citi, on Wednesday to discuss India’s economic growth prospects, investment opportunities and ways to deepen collaboration in support of the country's long-term development goals.According to a statement issued by Citi on Thursday, the discussions focused on India's growth trajectory, investment climate and the government's vision of transforming the country into a developed nation under the Viksit Bharat 2047 initiative.
During the meeting, Prime Minister Modi outlined his vision for sustaining economic momentum and accelerating growth through increased investment, innovation and global partnerships.The talks covered a wide range of issues, including capital flows into India, overseas expansion opportunities for Indian companies, renewable energy and artificial intelligence (AI).Both sides explored ways in which Citi could further contribute to India's economic agenda by facilitating greater participation of global investors in the Indian market and supporting Indian businesses seeking international growth opportunities.
Alternative energy emerged as a key area of discussion, particularly the development of renewable energy sectors such as solar power and green hydrogen, which are central to India's clean energy transition goals.Artificial intelligence was another major focus area. The discussions examined the role of regulatory frameworks and the potential of AI-driven technologies to support innovation, productivity and economic growth.Jane Fraser was accompanied by K. Balasubramanian, Chief Executive Officer of Citi India. During the meeting, the Citi leadership highlighted the financial institution's nearly 125-year presence in India, its recent growth in the country and its continued commitment to supporting Indian clients and the broader economy.The meeting comes as Citi hosts its annual Citi India Conference in Mumbai from June 3 to 5, bringing together more than 1,500 global clients and investors to explore investment opportunities and strengthen engagement with India's rapidly expanding economy.Citi is set to complete 125 years of operations in India in 2027, underscoring its long-standing association with one of its key international markets.