Vice President of India to inaugurate 24th edition of CII’s Partnership Summit to be held in Vishakhapatnam on February 24-26, 2018. (File Pic of CII Partnership Summit 2017)
Vice President of India to inaugurate 24th edition of CII’s Partnership Summit to be held in Vishakhapatnam on February 24-26, 2018. (File Pic of CII Partnership Summit 2017)

Charting New India’s Global Integration Strategy@ 24th edition of CII’s Partnership Summit

Over 2500 delegates from India and 40 countries will converge in Vishakhapatnam from 24-26 February 2018 for The Partnership Summit 2018 starting today. The 24th edition of The Partnership Summit is a unique platform that would enable close examination of the partnerships and synergies that spark the next phase of global growth and develop strong multi-country linkages and networks to assist the transformation of the global economy. The Summit will debate the next phase of global growth and play a proactive role in building new bridges to the emerging world.

For the uninitiated, its the is the annual flagship event of Confederation of Indian Industry (CII) and is organised in association with the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India, and the State Government of Andhra Pradesh. The Summit started in 1995 to commemorate CII’s centenary year. With over two decades of active engagement and collaboration of India at a global level, the Summit attracts around 1500 delegates every year with over 40 per cent participation from overseas.

Today, M Venkaiah Naidu, Vice President of India; Shri Suresh Prabhu, Minister for Commerce & Industry, Government of India andN Chandrababu Naidu, Chief Minister of Andhra Pradesh will address the Inaugural Session of the Partnership Summit. Senior ministers and officials from both the Central and State Government as well as a galaxy of leading industrialists will also be participating at the session.

Noticeably, Andhra Pradesh – India’s Sunrise State – is a gateway to growing markets and promising opportunities. Endowed with a strong leadership, transparent governance, and best-in-class policies, Andhra Pradesh provides a conducive environment for businesses and investors across various sectors. The Partnership Summit will highlight the investment opportunities in the state to implement its Vision 2050 as a leading investment destination in the world.

The theme for this year’s Summit is “Charting New India’s Global Integration Strategy”. Over the years, a global economic rebalancing has taken place, with a definitive shift towards Asia and the Emerging Economies. Today, the G-20 nations together represent 85% of the global output. In an environment where the developed world clocked in growth at a low 2.5%, China and India continue to remain centres of economic growth.

Though there are voices to scale down globalisation, the inter-dependence of advanced and emerging economies remains undeniable. In a global landscape with several transformative forces at work, new economic, technological, environmental and social challenges have begun to emerge. Since these challenges for sustained economic and trade growth are transnational, collective solutions and global collaborations are essential.

Among  the key dignitaries participating in the Summit Ashok Gajapathi Raju, Minister of Civil Aviation, Government of India; and Ramesh Abhishek, Secretary, Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce and Industry, Government of India; Rita Teaotia, Commerce Secretary, Ministry of Commerce and Industry, E S L Narasimhan, Governor of Andhra Pradesh, Government of India; N Sivasailam, Special Secretary, Department of Telecommunications, Ministry of Communications, Government of India are likely to give shape to the deliberations at the summit.

Among the high profile overseas dignitaries likely to address the Summit, U Aung Htoo, Deputy Minister, Ministry of Commerce, Myanmar; Daisku Hiraki, Parliamentary Vice-Minister of Economy, Trade & Industry, Ministry of Economy, Trade & Industry, Japan, Rakiya Eddarhem, Secretary of State to the Minister of Industry, Morocco; Chutima Bunyapraphasara, Deputy Minister of Commerce, Thailand; S Iswaran, Minister of Trade and Industry, Singapore, Masakazu Ikefuchi, Deputy Assistant, Minister of Agriculture, Forest and Fisheries, Japan, Abdullah Ahmed Al Saleh, Undersecretary – Foreign Trade, Ministry of Economy, UAE  and Jose Luis Kaiser, Director General of International Trade & Investments, Ministry of Economy Industry & Competitiveness, Spain will be among the ones eagerly awaited by the delegates.

The key sessions at the Summit  include: “Sunrise Andhra Pradesh”; “The Reform Calculus: Promoting Ease of Doing Business”; “World Trade on the Comeback Trail in the Midst of Trade Agreements Facing Turbulence”; “Future Sectors: Can India Lead Industry 4.0”; “The Matrix of Skills: Leveraging India’s Workforce”; “Redefining the Global Value Chain: The Challenges of Integrating SMEs from Developing World”; “The New Geostrategic Dimension: India as Nodal Point”; “Connectivity and Communication: Fast-tracking Infrastructure Development and Financing”; “Starship Enterprise: The Universe of Startups”.

There will also be country sessions and B2B meetings on the sidelines of the Summit.

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