PM Narendra Modi meets Citi CEO Jane Fraser; discusses investment, AI and green energy opportunities in India

Prime Minister Narendra Modi held discussions with Jane Fraser, Chair and Chief Executive Officer of Citi, on India's growth trajectory and opportunities to deepen the global financial institution's engagement with the country.

According to an official statement issued by Citi on Thursday, during the meeting, Fraser reaffirmed Citi's commitment to supporting India's economic development and highlighted the firm's continued confidence in the country's growth story.

"Citi Chair and CEO Jane Fraser yesterday attended a meeting with Indian Prime Minister Narendra Modi, where they discussed India's economic growth and investment landscape, and opportunities for Citi to continue supporting the country's key growth priorities," the statement read.

Focus on global investment, AI and alternative energy

The discussions focused on attracting greater global investment into India, supporting Indian companies in expanding overseas, and exploring opportunities in emerging sectors such as artificial intelligence (AI) and renewable energy.

"Discussions covered attracting global investment into India, championing Indian companies abroad and exploring opportunities in alternative energy and artificial intelligence," the statement said.

Viksit Bharat 2047 vision in focus

Prime Minister Modi shared his vision for accelerating economic growth and achieving the goal of Viksit Bharat 2047. Both sides discussed ways in which Citi could contribute to India's economic agenda by facilitating capital flows, strengthening investor participation, and helping Indian businesses access global markets.

Discussions on clean energy and AI regulation

The meeting also explored opportunities in alternative energy, including solar power and green hydrogen, as India continues to expand its clean energy infrastructure. Discussions on AI covered regulatory frameworks as well as the potential for technology-driven innovation to support economic growth and development.

"The conversations also covered AI, including the role of regulation and areas where technology can be leveraged to support economic growth," the statement said.

Citi reaffirms long-term commitment to India

According to the official statement, Fraser was accompanied by K Balasubramanian, India CEO and Banking Head, and Indian Subcontinent Sub-Cluster Head at Citi. The executives emphasised Citi's longstanding presence in India and reiterated the firm's commitment to supporting clients and the broader economy. Citi is set to complete 125 years of operations in India in 2027.

The engagement comes amid growing international interest in India's economy and reflects the confidence of global financial institutions in the country's ongoing reform initiatives and expanding investment opportunities.

Citi India conference underway in Mumbai

Meanwhile, Citi is hosting more than 1,500 clients and investors at the Citi India Conference in Mumbai from June 3 to June 5, 2026. The conference aims to showcase India's investment potential and strengthen dialogue between global investors and Indian businesses, further positioning the country as a key destination for international capital.

"As the country's leading international bank, Citi is hosting over 1,500 clients and investors at its Citi India Conference in Mumbai, June 3-5, 2026. The platform aims to raise the India dialogue and spotlight investment opportunities for global capital," the statement concluded.