Companies

Honeywell CEO to meet Modi

Amiti Sen New Delhi | Updated on January 23, 2018




US-based diversified technology company Honeywell’s CEO David Cote will meet Prime Minister Narendra Modi on Wednesday to discuss the firm’s future plans and the over-all foreign investment climate in the country.

“Cote will meet Modi to talk about the company’s experience in India so far, its future plans and also policy issues related to foreign investments in sectors such as aviation and defence,” an official from the Department of Industrial Policy and Promotion (DIPP) told BusinessLine.

Honeywell, a Fortune 100 company, has operations in India in all four of its major businesses—aerospace, automation and control solutions, performance materials and technologies, and transportation systems.

The company has seven state-of-the-art manufacturing and engineering operations for the automation, turbocharger and refining businesses, and operates five global technology and product development centres.

“Cote is likely to take up issues related to FDI in the defence sector where the company sees a lot of scope. He is also likely to talk about general concerns that US companies face in India,” the official added. Cote is the co-chair of the India-US CEO Forum, which is led by Tata Group Chairman Cyrus Mistry from the Indian side. The Forum had extensive discussions with Modi and US President Brack Obama during the latter’s India visit in January.

The CEO is also likely to meet senior officials from the DIPP after his meeting at the Prime Minister’s Office. “Cote’s meeting with the DIPP Secretary had to be cancelled as the Secretary had some other engagements. We are trying to see if a meeting with other senior officials could be arranged,” the official said.

Published on May 05, 2015

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