Sundar Pichai

The phones are available for pre-order in the Google Store in several countries starting Tuesday, the company said, with the 5X priced at USD 379, and the 6P priced at USD 499.

Modi's voice broke as he described his humble beginnings. "I came from a very poor family. ... We went to our neighbors' houses nearby (to) clean dishes, fill water, do hard chores. So you can imagine what a mother had to do to raise her children."

While talking to the CEOs, Modi said his government strongly supports Public Private Partnership. "GDP growth last year was 7.3 percent. There has been a 40 percent increase in FDI; WB, IMF," he said.

In his video message addressed to Modi, Pichai says that there is "tremendous excitement for your visit amongst all Googlers and the entire Indian community."

As part of a major overhaul of its operating structure, Google said on Monday it was creating a new holding company called Alphabet. Google co-founder Larry Page will step down as Google's chief and Pichai was appointed as head of a "slimmed-down" version of the company.

The phones will be high quality smart phones with latest software backed by Google but at the same time we are also helping our partners to build the hardware needed to affordable high quality smart phones, said Sundar Pichai, VP-Android, Google.

Sundararajan, MD, Shriram City Union Finance and Ashvin Parekh, of E&Y, discuss about the newly passed banking regulation bill.