World Economic Forum’s India summit to discuss global meltdown

November 14th, 2008 - 6:09 pm ICT by IANS  

New Delhi, Nov 14 (IANS) Nearly 700 participants from 35 countries will discuss how India’s future growth can be secured despite the global economic and financial crisis at the Davos-based World Economic Forum’s 24th India Economic Summit here Nov 16-18.The summit is being held in partnership with industry lobby Confederation of Indian Industry (CII), and participants from over 35 countries will work under the theme ‘Securing India’s Future Growth’, a World Economic Forum (WEF) statement said here Friday.

The summit programme, which consists of 27 public sessions, is designed to generate insight and improve alignment of India’s development and industry priorities.

It is being organised on four thematic pillars: global shifts, managing risks, inclusive growth, and future competitiveness.

In addition, key initiatives such as Global Health Initiative, Water, Disaster Resource Network, Global Growth Companies and Climate Change are integrated into the programme.

“This year’s summit is very timely with respect to understanding the evolution of the global economic crisis and its future impact on India’s economic and political landscape,” the statement said quoting W. Lee Howell, senior director, head of programming and senior adviser on Asia at the WEF.

“This will be the first time that key stakeholders of the Indian economy will meet following the G20 Summit in Washington,” Howell said.

Added CII’s director general Chandrajit Bannerjee: “We believe that the fundamentals of the Indian economy are strong and the Indian economy and industry will be able to weather the current financial storm in a much better way than many others.

“Our aspiration is to see India as an economically strong, technologically vital and innovative, socially and ethically vibrant global leader,” Bannerjee said in the statement.

Participants will include Finance Minister P. Chidambaram, Minister of Commerce and Industry Kamal Nath, Planning Commission Deputy Chairman Montek Singh Ahluwalia, and Minister of Science and Technology and Earth Sciences Kapil Sibal.

Tags: , , , , , , , , ,

Posted in Business |