PM Modi's US visit: India a great place to invest, says General Electric CEO Jeffery Immelt

NEW YORK: General Electric today described India as a great place to invest after its CEO Jeffery Immelt met with Prime Minister Narendra Modi today and said the US conglomerate is looking to make more investments in the country.

Describing his one-on-one meeting with the Prime Minister as "excellent", Immelt said, "GE is a long term investor in India. We look forward to more in the future."

Immelt also had high praise for Modi whom he described as a Prime Minister with "good head set for business" and expressed hope that he would continue to "drive the reform process".

The Prime Minister pitched for the India story in his interaction with Immelt and discussed steps that can be taken to enhance country's business environment.

Impressed with the meeting, Immelt said, "India is a great country and place to invest."

Earlier today, the Prime Minister also had one-on-one meetings with CEOs of Boeing, KKR, BlackRock, IBM and Goldman Sachs and is believed to have pitched for big-ticket investments in India to develop infrastructure and create more jobs.

GE has a significant presence in India across many sectors and employs thousands of people.