During the roundtable, Obama was accompanied by US Commerce Secretary Gary Locke and other top officials as also corporate leaders who are part of his entourage.
The discussions covered areas like electric cars, clean transport, solar power, drinking water and recent discoveries in the pharmaceutical sector.
The deliberations, which focused on growing trade and investment, were attended by Anand Mahindra, vice chairman and managing director of Mahindr and Mahindra Group, Ajay Piramal of leading pharma group Pirmal and other business leaders.
Mahindra's electric car Reva and their US-based partner Curtis reportedly generated considerable interest at the meeting.
"Through this partnership, Mahindra Reva and Curtis are advancing the commercialisation and adoption of clean vehicles in India and across the globe", a White House press release said.
On clean drinking water, it said, Minnesota-based Pentair Filteration Systems are being used by Piramal"s Sarvajal to develop sustainable drinking water solutions for rural and urban population.