Who made Ambanis, Ratan Tata and other top honchos wait in a line
The photo showing top honchos standing in a queue to meet the US President went viral on social media.
With US President Barack Obama's popularity at its peak in the country, India's top business brass is also not untouched by his charisma.
The who's who of Indian business industry were seen lined to meet the US president and Modi at the US-Indo CEO forum in New Delhi on Monday evening.
The photo showing top honchos standing in a queue to meet the US President went viral on social media.
Reliance Industries Chairman Mukesh Ambani, Bharti Enterprises chief Sunil Mittal, Reliance Group Chairman Anil Ambani, Adani Group head Gautam Adani, Mahindra & Mahindra Chairman Anand Mahindra and Sudhir Mehta of Torrent Pharma were among the CEOs who were present in the summit.
Issues related with intellectual property rights, including piracy of films and software, figured prominently during the Forum attended by Prime Minister Narendra Modi and US President Barack Obama.
Talking to reporters after the meet ended, HDFC Chairman Deepak Parekh said Walt Disney Company CEO Bob Iger raised the issue of film piracy.
"...they (Walt Disney) have lots of investments in India but lot of films are pirated. The laws are there but implementation is difficult.
"Even Finance Minister (Arun Jaitley) said that we have to look into it. Mr Modi also acknowledged that there is piracy both in IT software as well as in films and we have to tackle this and take strong legal actions...," he said.
Tata Sons Chairman Cyrus Mistry and David M Cote of Honeywell were co-chair of the high-profile meeting.
Biocon Chairman and Managing Director Kiran Mazumdar-Shaw, who also participated in the Forum, too said that the US industry has raised its concerns on IPR related matters.
She further said there are many areas where the businesses of both the sides can increase cooperation and collaboration such as in renewable energy, smart cities and health-care.
Other issues that were discussed include the proposed bilateral investment treaty (BIT), social security pact or Totalisation agreement, lack of expeditious dispute resolution.
"BIT is going to be an important building block for expanding the relationship. The point that was made in the CEOs Forum was to say that we take feedback from both the sides before really concluding the treaty so that the treaty becomes meaningful," ICICI Bank chief Chanda Kochhar told reporters.
Kochhar said that issues related to visa also come up for discussion.
SBI Chairman Arundhati Bhattacharya, ONGC Chairman and Managing Director Dinesh K Sarraf and BHEL head B Prasada Rao also attended the meet.
The US team includes Indira Nooyi of Pepsico, Harold McGraw, Chairman McGraw Hill Financial and Ajay Banga, CEO Mastercard.