Modi acknowledges Indian Americans' role in strengthening India-U.S. ties
Modi's visit fosters friendship, cooperation, and commitment to democracy
By Vishnu Rageev RJun 23, 2023
INDIAN PRIME MINISTER Narendra Modi commended the significant contributions of Indian Americans to the development of their host nation and the India-U.S. relationship during a state dinner hosted by President Joe Biden and First Lady Jill Biden. Modi also addressed Congress on topics including human rights and trade. AAHOA leaders also attended Modi’s joint address to Congress.
Modi praised Biden for assembling a talented group that represents the energy and dynamism of India-U.S. ties. The Prime Minister highlighted the pride of Indian Americans in their values, democratic traditions, and culture, as well as their substantial contributions across sectors such as hospitality, healthcare, education, research, and logistics.
"Be it hospitals or hotels, universities or research labs, gas stations or logistics management, they are making their mark everywhere," the prime minister said.
The official state dinner, attended by over 400 guests, included prominent figures like Mukesh Ambani (Reliance Industries), Anand Mahindra (Mahindra Group), Sunder Pichai (Alphabet), Satya Nadella (Microsoft), Tim Cook (Apple), Anthony Capuano (Marriot International) among others.
Modi raised a toast to the hosts, wishing for good health and prosperity, and highlighting the enduring bonds of friendship between India and the U.S. He mentioned the growing familiarity between Indians and Americans, the popularity of cricket in the U.S., and extended best wishes to the American team for the upcoming Cricket World Cup in India.
Biden, in his remarks, traced the historic bonds between the two countries and acknowledged the presence of Indian Americans in various fields, including arts, education, media, law, medicine, science, and businesses.
Second Congress address
Prime Minister Modi's address to the joint session of the U.S. Congress received 15 standing ovations and 79 rounds of applause. (Photo Courtesy: Getty Images)
In his second address to the U.S. Congress, Modi emphasized the enduring friendship between India and the U.S. He highlighted India's remarkable progress as the 5th largest economy, on track to becoming the 3rd largest. Modi reaffirmed the country’s commitment to democracy, sustainability, and pro-planet progress. He urged dialogue, diplomacy, and united efforts against terrorism. Modi advocated for a new world order, endorsing full membership of the African Union in the G20. He acknowledged concerns in the Indo-Pacific region and reaffirmed the bright future of the India-U.S. relationship.
Strengthening bilateral relations
Modi and Biden shake hands during the state dinner at the White House on June 22. (Photo Courtesy: Getty Images)
Modi's ongoing visit has further strengthened India-U.S. bilateral relations and showcased India's global influence. In New York, he led the International Day of Yoga celebrations at the UN Headquarters, meeting Ambassador Ruchira Kamboj, the first Indian woman in that role. The event also set a new Guinness World Record.
In Washington DC, Modi received a ceremonial reception at the White House and met U.S. Vice-President Kamala Harris, the highest-ranking Indian American. Modi congratulated Harris and invited her to visit India.
Before the State Dinner at the White House, the Biden family hosted a private dinner for Modi on June 21.
Biden emphasized the defining bond between the U.S. and India and their shared values and historical ties. He acknowledged the significance of Modi's visit and praised the trust and respect in their relationship. Biden highlighted the collaboration through the Quad and their efforts to promote a secure and prosperous Indo-Pacific region.
Both leaders acknowledged the diverse challenges they are jointly addressing, including poverty, healthcare, climate change, and the global consequences of Russia's actions in Ukraine. Biden emphasized the strategic focus on critical technologies and the importance of upholding shared values.
Biden highlighted the transformative changes occurring in various aspects of society and the capacity of both democracies to tap into talent and attract investments. The President also praised the dynamism of India and the contributions of Indian-Americans to American society.
Modi expressed gratitude for the friendship and highlighted the significance of the India-U.S. friendship in promoting global peace and prosperity. Modi regarded India-U.S. strategic partnership as a testament to the power of democracy. He expressed confidence in positive discussions and gratitude for the opportunity to address the U.S. Congress.
Simplifying visa applications
Prime Minister Modi reaches out to shake hands with Rep. Joyce Beatty (D-OH) as he arrives to deliver remarks to a joint session of Congress at the Capitol on June 22. (Photo Courtesy: Getty Images)
In an effort to strengthen ties between India and the U.S., the Biden administration plans to streamline the visa process for Indians seeking to live and work in the U.S., according to media reports.
As part of a forthcoming pilot program, a select number of Indian H-1B visa holders will be able to renew their visas within the U.S. itself, eliminating the need to travel abroad. This initiative aims to facilitate the entry and retention of skilled Indian workers in the country.
The program is expected to expand in the future, benefiting the majority of H-1B workers who are Indian nationals. Further details regarding specific visa types and the program's launch date have yet to be announced.
Investment proposals
Modi's visit to the U.S. is set to attract more American companies to invest in India, aiming to lessen their reliance on China for manufacturing. Official data revealed that the U.S. ranks third in foreign investments in India, with over $60 billion invested from 2000 to 2023.
Several recent investment announcements have been made by prominent U.S. companies including Tesla, Micron Technology, Boeing, Amazon, Apple, Foxconn, Cisco Systems, Walmart, General Electric, and Applied Materials.
Tesla: Modi encourages substantial investment, official announcement expected soon.
Micron Technology: $2.7 billion plan approved for semiconductor unit ahead of Modi's visit.
Boeing: Investing $24 million for airplane parts logistics center.
Amazon: Plans $13 billion investment in cloud infrastructure by 2030.
Apple: Expanding manufacturing operations, committed to investing extensively.
Foxconn: Investing $500 million in Telangana and $968 million in Karnataka, generating 70,000 jobs.
Cisco Systems: Commencing manufacturing operations, targeting $1 billion in production and exports.
Walmart: Committed to exporting $10 billion worth of goods annually from India by 2027.
General Electric: Urged to play a larger role in aviation and renewable energy sectors.
Applied Materials: Invited to contribute to India's semiconductor ecosystem and advanced packaging capabilities.
Meanwhile, Indian Ambassador to the U.S., Taranjit Singh Sandhu, attended a Marriott reception in Washington before Indian Prime Minister Narendra Modi's state visit to the U.S. Marriott, and Indian American hotel owners are expanding their portfolios in India, tapping into the immense potential of the country's tourism and hospitality sectors. Marriott CEO Anthony Capuano was also in attendance at the state dinner.
AAHOA leaders at Modi's address
AAHOA leaders, including chairman Bharat Patel, vice chairman Miraj Patel, treasurer Kamalesh (KP) Patel, secretary Rahul Patel, and immediate past chair Neal Patel, attended the White House welcome ceremony on Thursday morning. AAHOA leaders also attended Modi’s joint address to Congress.
“The hotel industry has long provided thousands of first- and second-generation immigrants from India an opportunity to achieve the American dream of entrepreneurship,” said Bharat Patel, chairman of AAHOA. “The Biden Administration’s goals of strengthening ties with the world's most populous country and largest democracy will ultimately help advance American interests around the globe. As the largest hotel owners association in the nation, we are at the forefront of cultural and business ties between the United States and India. We recognize the importance of these relationships on both a personal and a global level.”
IHCL expands portfolio past 550 hotels by through acquisitions and partnerships.
Promoters of ANK, Pride and Brij come from the Clarks Hotels family.
ANK and Pride operates midscale hotels, Brij focuses on the boutique and experiential segment.
THE INDIAN HOTELS Co. Ltd acquired a controlling stake in ANK Hotels Pvt. Ltd and Pride Hospitality Pvt. Ltd and signed a distribution agreement with Brij Hospitality Pvt. Ltd. The deals expand IHCL’s portfolio to more than 550 hotels, increase its midscale presence to over 240 properties and add the Brij brand.
The promoters of ANK Hotels, Pride Hospitality and Brij Hospitality come from the Clarks Hotels family, IHCL said in a statement.
“India’s hospitality sector has witnessed sustained demand momentum over the last three fiscal years, reflective of the country’s growing economic prominence and rising discretionary spends,” said Puneet Chhatwal, IHCL’s managing director and CEO. “The outlook for the sector remains buoyant as demand outpaces supply and India continues to be an under-served hospitality market, especially in the mid-market segment. Our partnership with ANK, Pride and Brij Hospitality is a multipronged approach addressing India’s heterogeneous market landscape and is in line with IHCL’s five-year road map ‘Accelerate 2030’ of unlocking India’s tourism potential.”
ANK Hotels and Pride Hospitality operate 135 midscale hotels across 110 locations under The Clarks Hotels & Resorts brand, the statement said. These will be integrated into IHCL’s portfolio, mainly under the Ginger brand. Brij Hospitality’s 19 properties will add to IHCL’s presence in the boutique and experiential segment.
“Furthering IHCL’s presence in the midscale segment with the transformation of Ginger, this partnership doubles our portfolio to over 240 hotels addressing the needs of the aspirational traveller,” Chhatwal said. “Expanding our brandscape, the strong brand equity of Brij Hotels in India’s cultural and historical centres extends our offering in the experiential boutique luxury segment. With their legacy and hospitality expertise, the key managerial personnel of ANK, Pride and Brij Hospitality will continue to oversee the running of the respective companies, providing business continuity and enabling future growth.”
The transaction supports IHCL’s asset-light strategy, with most new properties under management contracts or operating leases. It advances the company’s ‘Accelerate 2030’ goal of expanding India’s tourism potential and broadens its presence from midscale to boutique luxury.
Ankur Dalwani, IHCL’s executive vice president and chief financial officer, said the company will fund the investment through internal accruals, supported by strong cash flows.
“The primary investment will be used to unlock value in existing assets and fuel future growth opportunities,” he said.
Meanwhile, Tata Sons recently launched a hospitality platform to support IHCL, allowing it to operate group-owned hotels on a revenue-share model while remaining asset-light. The first project is a 195-room Ginger hotel under construction near Kolkata airport.
“Together with IHCL, we carry forward the shared vision of our respective founders, Jamsetji Tata and Babu Brijpal Das Ji, in shaping and propelling India’s tourism journey," said Anant Apurv Kumar and Udit Kumar, founders of Brij Hotels and promoters of Clarks Group. "IHCL’s legacy of showcasing Indian hospitality to the world resonates with our core objective at Brij Hotels – to immerse travellers in the spirit of India’s most storied destinations. Together, we will blend IHCL’s century-old tradition with our experiential approach, creating journeys that honour our shared heritage, nurture local communities and reveal India in its most significant form. We extend our gratitude to Vijay Thacker from Horwath HTL for helping facilitate this strategic alliance.”
“It is with great enthusiasm that we move forward to new vistas with India’s largest hotel group,” said Anoop Kumar, founder of ANK Hotels. “Our forefathers, who sowed the seeds of the hospitality sector in India in 1947, will be proud.”
IHCL and Ambuja Neotia Group recently announced plans to open 15 hotels across West Bengal, Sikkim and Himachal Pradesh over the next five years.
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MHRIL targets 10,000 rooms by 2030, up from 5,700.
It is exploring new models to become more competitive.
It calls the goal “conservative” amid India’s post-COVID tourism boom.
MAHINDRA HOLIDAYS AND Resorts India Ltd., a subsidiary of Mahindra Group, is aiming to have 10,000 rooms by 2030. The company is expanding beyond vacation ownership into the travel and tourism sector, Anish Shah, Mahindra Group CEO and managing director, said in an interview with PTI Videos.
MHRIL, led by Managing Director and CEO Manoj Bhat, had 5,794 keys as of June 30, 2025, and plans to add about 1,000 rooms this fiscal as part of its target to increase its room count to 10,000 by the 2030 fiscal, according to PTI.
Shah said the target of 10,000 rooms by 2030 is "conservative" given the boom in domestic tourism after the COVID-19 pandemic.
"So my response to that is that you're right,” Shah told PTI. “It should be much more. It is a good target right now, as a business looks at various options to go beyond vacation ownership."
The company is exploring new models to become more competitive, moving beyond its Club Mahindra business.
"As those options are thought through, further developed and combined with 'here's what the model is going to be' that will then give us a better sense of how we can play this in a much bigger way,” Shah said. "Our goal is very clear, to be the number one leisure hospitality player in India and that is something that we have been able to show, as we've seen from all the feedback we get from customers who go to our resorts. The experience has always been fantastic, and that is one that we've been able to deliver for families in leisure destinations, and we want to do that on a much larger scale."
Asked why the group has stayed away from conventional hotels and restricted itself to Club Mahindra, Shah said.
"That has been the model of the past but the business is looking at various options now, and is exploring, what are models that make sense, and how can we expand beyond just vacation ownership that we are doing (now)," he said.
India received 9.95 million foreign tourists in 2024, up from 9.52 million in 2023.
U.S. led India’s inbound and outbound travel in 2024 with 1.8 million American visitors.
The UAE was the top overseas destination for Indians, hosting 7.7 million travelers.
THE U.S EMERGED as India’s largest inbound tourism market in 2024, sending 1.8 million visitors, according to the India’s Ministry of Tourism. The U.S. also ranked among the top destinations for Indian travelers, welcoming more than 2.1 million visits last year.
Union Minister for Tourism and Culture Gajendra Singh Shekhawat said these figures signal strong momentum in both inbound and outbound travel, The Tribune reported.
India received a total of 99,51,722 foreign tourists in 2024, up from 95,20,928 in 2023 and 64,37,467 in 2022. Bangladesh followed the U.S. in inbound arrivals with 17,50,165 visitors, while the United Kingdom ranked third with 10,22,587.
On the outbound side, more than 30 million Indians traveled abroad in 2024, the report said.
Bureau of Immigration data showed the UAE as the most popular destination, attracting 7.7 million visitors from India, followed by Saudi Arabia with 34,23,711 and the United States with 21,43,909.
Earlier in July, Minister of State for External Affairs Kirti Vardhan Singh outlined plans to further strengthen India’s tourism profile through global trade fairs, roadshows, B2B meetings, familiarization trips and digital campaigns.
Rubix Data Sciences projected India’s hospitality industry will grow steadily despite regional tensions, with revenue reaching $12.8 billion by 2027.
Marriott and BHVL plan six hotels with 940 rooms in four Indian markets.
Bengaluru-based BHVL is a subsidiary of Brigade Enterprises Ltd.
BHVL recently launched a $101.2 million IPO, including a $14.4 million pre-IPO placement.
MARRIOTT INTERNATIONAL AND Brigade Hotel Ventures Ltd will open six hotels totaling 940 rooms across four markets in India. The projects will be developed under five Marriott Bonvoy brands: The Ritz-Carlton, JW Marriott, Marriott Hotels & Resorts, Courtyard by Marriott and Fairfield by Marriott.
Bengaluru-based BHVL, a subsidiary of real estate firm Brigade Enterprises Ltd or BEL led by Executive Chairman M.R. Jaishankar, signed the agreement as part of its nearly 15-year partnership with Marriott, which has produced several large projects.
The six hotels, said Jaishankar, include the Courtyard by Marriott Chennai World Trade Center; Fairfield by Marriott Bengaluru International Airport; Fairfield by Marriott Bengaluru Brigade Valencia; The Ritz-Carlton Vaikom Island, Kerala; JW Marriott Chennai OMR; and Thiruvananthapuram Marriott Hotel World Trade Center.
“Each of these projects reflects our belief in the long-term potential of the Indian hospitality industry and our commitment to bringing thoughtfully designed hotels to both business and leisure travelers,” Jaishankar said. “With Marriott’s brands and global standards, we are confident these hotels will set benchmarks in their respective markets.”
BHVL is the second-largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners as of March 31, according to the Economic Times. With the six upcoming hotels, along with the Sheraton Grand Bangalore at Brigade Gateway and Four Points by Sheraton Kochi Infopark, BHVL’s Marriott portfolio will total eight hotels with 1,388 keys.
“Our growth strategy focuses on being present where our guests want us to be, as we continue to meet the demand for luxury travel and hospitality services,” said Rajeev Menon, Marriott’s president, Asia Pacific excluding China. “Today’s agreement underscores our relationship with the Brigade Group and leveraging our brand portfolio, we are confident these developments will meet the needs of travellers for every trip purpose.”
Upcoming projects
Courtyard by Marriott Chennai World Trade Center, Chennai, Tamil Nadu – 45 rooms, opening fiscal year 2027.
Fairfield by Marriott Bengaluru International Airport, Bengaluru, Karnataka – 224 rooms, opening fiscal year 2028.
Fairfield by Marriott Bengaluru Brigade Valencia, Bengaluru, Karnataka – 151 rooms, opening fiscal year 2028.
The Ritz-Carlton Vaikom Island, Kerala – 70 villas, opening fiscal year 2029.
JW Marriott Chennai OMR, Chennai, Tamil Nadu – 250 rooms, opening fiscal year 2030.
Thiruvananthapuram Marriott Hotel World Trade Center, Thiruvananthapuram, Kerala – 200 rooms, opening fiscal year 2030.
BEL has a pipeline of about 16 million square feet of new launches in the residential and commercial segments and plans to add 1,700 keys to its hotel portfolio. BHVL operates nine hotels in Bengaluru, Karnataka; Chennai, Tamil Nadu; Kochi, Kerala; Mysuru, Karnataka and GIFT City, Gujarat, with 1,604 keys. The hotels are managed by Marriott, Accor S.A. and InterContinental Hotels Group. They are in the upper upscale, upscale, upper-midscale and midscale segments.
BHVL recently launched a $101.2 million initial public offering, including a $14.4 million pre-IPO placement, Business Standard reported. Hospitality revenue in the first quarter of fiscal year 2026 was $16.1 million, up 19 percent from the same period in fiscal year 2025, while EBITDA rose 34 percent to $5.5 million.
Separately, Bengaluru-based Prestige Hospitality Ventures recently secured Sebi approval for a $308 million initial public offering.
Prestige Hospitality Ventures received SEBI approval for a $308 million IPO.
It operates hotels under multiple Marriott International brands.
As of December 2024, its portfolio included seven hotels with 1,445 keys.
PRESTIGE HOSPITALITY VENTURES recently received approval from the Securities and Exchange Board of India for a $308 million, or ₹2,700 crore, initial public offering. The company develops and operates luxury to upper midscale hospitality assets and is part of Bengaluru-based Prestige Group, promoted by Prestige Estates Projects.
The offer comprises a $193 million fresh issue of shares and an offer for sale of up to $114 million by promoters Prestige Estates Projects, Economic Times reported.
Prestige Hospitality Ventures, led by CEO Suresh Singaravelu, plans to use $128 million from the fresh issue to repay $45.34 million in debt incurred by itself and its subsidiaries, Sai Chakra Hotels and Northland Holding Co., while reinvesting $83 million into these subsidiaries.
Additional funds will support growth through acquisitions, strategic initiatives and general corporate purposes, the Times said.
As of December 2024, its portfolio included seven hotels with 1,445 keys—1,255 operating and 190 under renovation. It also has three ongoing projects with 951 keys and nine planned projects adding 1,558 rooms, making it the largest hotel chain in South India. The portfolio spans Bengaluru, Delhi-NCR, Mumbai, Goa, Hyderabad and Chennai, covering convention centers, business hotels, extended stay residences and golf resorts.
The company operates hotels under several Marriott International brands—St. Regis, Edition, W Hotels, JW Marriott, Marriott Marquis, Sheraton, Autograph Collection, Tribute Portfolio, Moxy, Aloft and Marriott Executive Apartments—as well as Conrad by Hilton and Angsana Resorts & Spa by Banyan Tree.
Marriott-managed keys account for nine percent of the group’s portfolio, the largest share under any brand. Meanwhile, revenue from hospitality services rose to $91 million, or around Rs 796 crore, in the previous fiscal year, up from $73 million, Rs 636 crore, in fiscal 2023.