PM to hard sell India as an investment destination at WEF

Prime minister Narendra Modi is set to hard sell India as an investment destination at the five-day World Economic Forum […]

   

Prime minister Narendra Modi is set to hard sell India as an investment destination at the five-day World Economic Forum (WEF) at Davos, starting 22 January. He will address the inaugural plenary session at the WEF on 23 January, an official release said on Tuesday. The annual meeting will be attended by 350 political leaders including over 60 heads of states. The participants will also include chief executives of the world’s most important companies and over 1,000 leaders from different walks of lives. Earlier, in 1997, the then prime minister H D Deve Gowda had attended the WEF conference. During his stay at Davos, Modi will meet top global business leaders. Briefing reporters, commerce and industry minister Suresh Prabhu said that the prime minister will interact with global leaders and “inform them as how India is progressing”. He is going to Davos at a time when every country wants to invest in India, Prabhu added. When asked about the idea of the prime minister visiting Davos and how it will help in selling India’s growth story at the global stage, Prabhu said this is a single most important gathering of all top business leaders and bankers of the world. “This [Davos] has become a centre where top decision makers converge. So when prime minister goes there, you see a buzz around that. It will definitely help India to get inbound investment and portray India’s real profile,” he said. Modi will also be interacting with the members of the international business council consisting of 120 top chief executives of major transnational corporations across sectors. The Indian delegation will include finance minister Arun Jaitley, rail minister Piyush Goyal and petroleum minister Dharmendra Pradhan. Besides, Andhra Pradesh chief minister Chandrababu Naidu and Maharashtra chief minister Devendra Fadnavis would also participate in the WEF. The department of industrial policy and promotion (DIPP) will host a welcome reception for the participants, where it will showcase business opportunities in India in addition to country’s heritage and cuisine. The ministers attending the conference will represent the country in around 25 sessions on issues like next generation industrial strategies, infrastructure acceleration and fourth industrial revolution. “India will showcase the enormous business opportunities as well as reforms that have been implemented in 3.5 years,” the commerce ministry said in a statement. Besides, trade ministers of key World Trade Organisation countries would be meeting on the sidelines of the WEF.

Trending

Harishankar-Bahety

Too much tax, shortage of skilled talent are Indian footwear industry’s biggest challenges: Unistar founder HS Bahety

zomato uber eats swiggy

Zomato acquires Uber Eats for Rs 2,485 crores

MSMEs

GeM has processed orders worth ₹ 40,000 cr in GMV in last 3 years, 50% transacted by MSMEs

Day-after-Piyush Goyal snub-Jeff-Bezos

Day after Piyush Goyal snub, Amazon commits to create one million new jobs in India by 2025

Amazon's-$1-bn-investment-in-India-no-big-favour--Minister-of-Commerce-&-Industry

Amazon’s $1 bn investment in India no big favour: Piyush Goyal, Commerce & Industry Minister

Jeff Bezos India visit

Amazon CEO, Jeff Bezos bets on Indian century, invests $1 bn digitizing MSMEs

MSME loans

Piyush Goyal: CGTMSE, SIDBI to set up framework for faster processing of SME loans

GST

Nirmala Sitharaman: GST to be further simplified for traders

UK Sinha committee

Government invites stakeholder’s suggestion on National Technology Mission for MSMEs

Delhi-NCR-the-largest-start-up-ecosystem-in-India,-surpasses-Bangalore

Delhi-NCR the largest start-up ecosystem in India, surpasses Bangalore

Premium Organic Soaps- Contribution to the Community

Anant-Nahata

Public charging infrastructure will be key to electric vehicle success in India: Anant Nahata, MD, Exicom