The CEOs of media and entertainment sector of the US appreciated the Prime Minister, Sh Narendra Modi for energetic and dynamic leadership, and expressed optimism about the future of India. Specifically, the CEOs were enthusiastic about the digital transformation that is taking place in India through the ‘Digital India’ initiative. The CEOs called for speeding up of television digitization, and strengthening of the cellular (mobile) infrastructure.
The Prime Minister chaired a roundtable meeting with top American CEOs from the media and entertainment sector in the US during his tour today.
Four of the CEOs were from Rupert Murdoch’s News Corp Group; namely Rupert Murdoch, Executive Chairman, News Corp and 21stCentury Fox; James Murdoch, CEO, 21st Century Fox; Robert Thompson, CEO, News Corp; Uday Shankar, CEO, Star India; and others included David Zaslav, President and CEO, Discovery Communications; Michael Lynton, CEO, Sony Entertainment; Michael Roth, CEO, Interpublic Group of Companies; Shane Smith, CEO, Vice Media; Martin Sorrell, CEO, WPP; Jeff Bewkes, CEO, Time Warner; Nancy Dubuc, CEO, A&E Networks, Anthony Pratt, Chairman, Visy Industries; William Duhamel, Route One Investment Company; and Jeff Ubben, CEO, ValueAct Capital.
The Prime Minister and CEOs observed that the changes in technology and media in recent times have led to an enormous democratization of knowledge. The Prime Minister said that the world is now in a technology- driven era, where growth of digital infrastructure is as important as growth of physical infrastructure. He suggested to the CEOs that India represents both the biggest opportunity and the biggest challenge for them, and urged them to keep regional languages in mind, as they firm up investment plans for India.
Mr Modi also spoke of his Government’s vision to connect 600,000 villages through broadband connectivity. He emphasized the role that digital technology can play in human resource development. The Prime Minister saw a key role for digital technology in further strengthening democracy, and in India’s development narrative.