India Highlights ‘Make in India’ at World Economic Forum


World-Economic-ForumIndiaCSR News Network

NEW DELHI :The theme of World Economic Forum, 2015 was ‘The New Global Context’ . The discussions took place according to a pre-set agenda with specific invitees as speakers for specific sessions.

As regards India’s participation, issues discussed were related to how India was planning to revive and accelerate economic modernization, growth and job creation including issues related to subjects like agriculture, water, infrastructure, energy and power, trade and investment, urban mobility, etc.

Several bilateral meetings and investment meets with counterpart ministers and top global CEOs were also held. The ‘Make in India’ initiatives were prominently highlighted through the branding exercise as well as through the investment meets and bilateral meetings.

Government of India has been actively encouraging PPPs through several initiatives, which include establishment of an institutional mechanism to speedy appraisal of projects, eliminate delays, adopt international best practices and have uniformity in appraisal mechanism and guidelines.

The appraisal mechanism notified includes setting up of the Public Private Partnership Appraisal Committee (PPPAC). A Viability Gap Funding Scheme for PPP projects has been created, which provides financial support in the form of grants to infrastructure projects undertaken through public private partnership with a view to make them commercially viable.

WEF’s Annual Meeting convenes the top global policy makers, business, academic and civil society leaders on a single platform to debate issues and arrive at solutions. In that context, the event served as the international launch pad for the ‘Make in India’ initiatives among a global business audience, besides highlighting the positive changes in the policy framework for doing business in the country.

India sees significant opportunities for driving its growth in engaging the ASEAN, said Adi B. Godrej, Chairman, the Godrej Group, Godrej Industries, in India. ” There are a lot of things that ASEAN countries can do to leverage each other’s strengths to further rapid growth” he advised. ” India could be a great partner of ASEAN”

‘ It is time to take action’  Murat Sönmez, Chief Business Officer and Member of the Managing Board of the World Economic Forum, told participants in remarks at the end of the closing session. He outlined four issues that were the focus of discussions at the World Economic Forum on East Asia, including public-private cooperation on infrastructure development, financial inclusion, the need to address non-communicable diseases and food security.

At the meeting, the Forum, in cooperation with the ASEAN Secretariat, launched Grow Asia, a new programme to strengthen food security and sustainable agriculture in ASEAN, reaching 10 million farmers by 2020.

(The News first appeared with Press information bureau )

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