04 June,2026 10:24 AM IST | Mumbai | mid-day online correspondent
Prime Minister Narendra Modi. File Pic
Prime Minister Narendra Modi met Jane Fraser, Chair and Chief Executive Officer of Citigroup, during her visit to India, with discussions focusing on investment, economic growth, artificial intelligence, green energy and the expansion of Indian businesses into global markets.
According to a statement issued by Citi, the meeting centred on ways to support India's long-term economic priorities and strengthen collaboration between global financial institutions and the country's growing economy.
During the discussions, Prime Minister Modi outlined his vision for accelerating economic growth and achieving the goals of the Viksit Bharat 2047 initiative. The conversation covered a range of issues linked to investment, infrastructure development and emerging technologies that could contribute to India's economic transformation over the coming decades.
The Prime Minister and Fraser also discussed the importance of maintaining strong capital flows into India and creating an environment that continues to attract global investors.
A key focus of the meeting was the role international financial institutions can play in supporting investment opportunities in India. The discussions explored ways to encourage greater foreign investment across sectors while also assisting Indian companies looking to expand their presence in international markets.
The two sides reviewed opportunities for Indian businesses to strengthen their global footprint amid growing economic integration and evolving supply chains. They also discussed how financial institutions can facilitate access to capital and international markets for Indian corporates.
Artificial intelligence emerged as another important topic during the meeting. Discussions included the potential of AI to drive economic growth, improve productivity and support innovation across industries.
The conversation also touched on the regulatory aspects of artificial intelligence and the need to balance technological advancement with appropriate governance frameworks. As countries around the world develop policies for emerging technologies, AI is increasingly becoming a key area of discussion between governments and industry leaders.
The meeting also addressed developments in the renewable energy sector, with particular attention to solar power and green hydrogen. India has been actively promoting clean energy initiatives as part of its broader sustainability and energy security goals.
Both sides discussed opportunities for investment in alternative energy sources and the role of global financial institutions in supporting large-scale clean energy projects. Green energy continues to be a major focus area as India works towards reducing carbon emissions while meeting its growing energy demand.
Fraser was accompanied by K Balasubramanian, Citi's India CEO and Banking Head, as well as Indian Subcontinent Sub-Cluster Head. During the meeting, Citi's leadership highlighted the institution's long-standing presence in India and its continued engagement with the country's financial and corporate sectors.
The company noted that 2027 will mark 125 years of Citi's operations in India, underscoring its deep-rooted association with the country.
The meeting comes as Citi hosts its Citi India Conference in Mumbai from June 3 to June 5, bringing together more than 1,500 clients and investors. The event is aimed at showcasing investment opportunities across sectors and strengthening engagement between global capital and India's economy.
(With inputs from ANI)
