Mandelson to address Eighth India-EU Business Summit (Re-issue)

November 29th, 2007 - 10:16 am ICT by admin  

New Delhi, Nov.29 (ANI): The European Union (EU) Trade Commissioner, Peter Mandelson, and Commerce and Industry Minister, Kamal Nath, will address the Eighth India-EU Business Summit here today.
The summit on “Technology and Innovation for Sustainable Development,” has been organised by the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with the Ministry of Commerce and Industry.
The Association of Portugal Industries (AIP), the European Business Group (EBG) and Business Europe are the European partners in co-organizing this business summit, which will focus on technological innovations for sustainable development to take a fresh look at innovative and new business opportunities between the two continents. The EU Presidency lies with Portugal right now and hence, Jose Socrates, the Prime Minister of Portugal, will be attending the summit with a large business delegation of almost 50 Portuguese business men.
The Portuguese delegation will be joined by an equal number of European delegates from the EU. The Summit would address some key areas of concern, such as: Services and Trade (Developing Synergy Through Technology & Innovation), Public-Private Partnership (A Way For Economic Growth), Global Warming (Climate Change and Energy Security) and Infrastructure and Logistics (Building Sustainable Partnerships)
The Eighth India-EU Business Summit aims to redefine the steps to facilitate and implement policies for growth, examine new vistas for boosting trade and investment, analyse centres of competencies and leverage them for mutual benefit, replicate significant success stories and recommend regulatory reforms to enhance business climate. An important element of the Summit is the CEOs Round Table chaired by Nath and Peter Mandelson.
The Indian industry will be led by Sunil Bharti Mittal, President CII and Ricardo Salgado, Chairman of the Executive Committee of Banco Espirito Santo, on the EU side.The issues covered at this session are Trade and Investment Flow Issues and EU-FTA Issues. The summit will have parallel sectoral sessions on business opportunities: Services and High Technologies; Public Private Partnership: A Way For Economic Growth; Energy Efficiency and Climate Change and Infrastructure and Logistics.
There will be an Opening Plenary on Technological Innovations for Sustainable Development and a Closing Plenary with the Prime Minister of Portugal. The summit will be attended by Sunil Bharti Mittal, Habil Khorakiwala, Analjit Singh, Rana Kapoor, Hari Bhartia, Ness Wadia, Harpal Singh, Harsh Pati Singhania and others. The past few years have seen India metamorphise into a global player, attracting growing interest and attention as a leader and increasingly engaging with other players on its own terms. India’s ties with the EU, in particular, have developed exponentially in scope and intensity in the recent years. In 2000, the EU-India Partnership took a quantum leap with the decision to hold regular annual summits. The potential of India and EU markets in the various sectors globally has been exploited to a great extent to the mutual advantage of both regions. Business leaders, senior members from the industry, senior ministers, government officials, think tanks and policy makers from different parts of India and the European Union have met on this forum year after year to identify steps to make the process of partnership fruitful. The summits provide great opportunity for deliberations, networking, and exchange of ideas amongst the participants from India and the EU. Past summits have played a crucial role to help raise issues to augment bilateral trade relations and investment between India and the EU nations. There will be opportunities for networking over a dinner hosted by Ajay Shankar, Secretary Department of Industrial Promotion and Planning, Ministry of Commerce. (ANI)

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