Now it’s Hooda’s turn to grace World Economic Forum New Champs meet

July 25th, 2008 - 6:12 pm ICT by IANS  

A file-photo of Narendra Modi

Ahmedabad, July 25 (IANS) The World Economic Forum (WEF) has invited Haryana chief minister Bhupinder Singh Hooda to participate in the second Annual Meeting of The New Champions 2008 to be held in Tianjin, China Sept 27-28. In the inaugural meet held last September at Dalian in China, the WEF had invited Gujarat chief minister Narendra Modi.

Hooda’s name figures in the list of ministers, forward-thinking leaders of regions and mayors of cities who are expected to participate in the meet. The principal theme of the meet is “The Next Wave of Growth”.

According to the Forum’s website, Mukesh Ambani, chairman and managing director of Reliance Industries Limited, is expected to participate in the meet as one of the mentors. The meet will bring together 1,500 leaders from over 60 countries.

The major topics that will be deliberated upon will include a discussion on the Indian economy focusing on sectors and states which are likely to remain immune to global economic slowdown, ‘Looking Beyond the Almighty Dollar’, options for companies to finance their next round of growth in the current financial environment, and key changes taking place in various industries and regulatory regimes around the world.

Also listed on the agenda for the two-day meet are the impact of carbon footprint, clean technology and zero emissions on business strategy and regulatory frameworks, ‘SlimCity: The Future of Urban Mobility’, and ‘Fears about Food Security: A New Backlash to globalization’.

Indian CEOs who are expected to participate in the meet include Malvinder Singh, CEO & managing director, Ranbaxy Laboratories Ltd; Vivek Burman of Dabur India; Promod Bhasin, president and ceo of Genpact; Jeh Wadia, managing director, The Wadia Group; Suhas Gopinath of Global ItEs Private Limited and Nand Khemka of the Sun group of Industries, among others.

Apollo Hospitals Enterprise Limited, which has set up a super specialty hospital in Gandhinagar, Gujarat’s capital city, has been enlisted in the Forum’s list of global growth companies.

Prominent among them are Wockhardt Limited, the pharma major which has manufacturing operations in Gujarat. The important names are Rupa & Co Limited, the publishing company from Delhi, Dabur India Limited, Financial Technologies Limited, Mumbai, Moser Baer India Limited, Multi Commodity Exchange of India Limited, Union Bank and Yes Bank Limited, HT Media Limited and cement major ACC Limited.

Since the inaugural meet held in September last year, China and India have led the rest of the world in the number of new companies that have entered the league of global growth companies. As on May this year, 20 Indian companies have made their entry but India has been overshadowed by China with the entry of 35 companies. They have been followed by Japan with 13 companies.

The World Economic Forum’s Community of Global Growth Companies (GGCs) was created to recognize the next generation of industry leaders. They were recognized as those who could navigate the challenges of new geographies, markets, cultures and regulatory systems while becoming a major driving force in social and economic development.

Such companies are those which are expanding outside their traditional boundaries, experience growth rates exceeding 15 per cent annually, and have revenues typically between US$100 million and US$2 billion. They are also those who have demonstrated leadership in a particular industry and have an outstanding executive leadership.

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