Bangalore to host Partnership Summit

Discussion in 'Economy & Infrastructure' started by AVERAGE INDIAN, Jan 17, 2014.



    Sep 22, 2012
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    Detroit MI
    Bangalore, the IT hub of India, is being projected as the ideal place for attracting investments at the forthcoming Partnership Summit 2014. The 20th edition of the Partnership Summit, the flagship event of the Confederation of Indian Industry (CII) will be held in Bangalore from January 27 to January 28 jointly with the government of Karnataka and the ministry of commerce and industry, government of India.

    The event, organised on the theme 'Emerging Global Value Chains: Building Partnerships', is aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers under one platform to attract more investors, the government today said in a statement.

    Japanese Prime Minister Shinzo Abe is expected to participate in the summit and address the stakeholders and policy thought-leaders. The summit is also expected to see over 1,500 delegates of whom 40 per cent attending the event will be foreign delegates.

    "In spite of the gloomy economic experience across the world, India continues to remain an attractive investment destination globally as evident from the $25 billion FDI inflow in the last three fiscal years. While the country's growth has slowed over the past year, Karnataka still remains one of the most attractive destinations for business and offers ample opportunities for investors," the statement said.

    Karnataka, one of the first few states to mainstream infrastructure projects through the Public-Private Partnership (PPP) model, has succeeded in initiating around 108 PPP projects. Of these, 86 are major projects and their combined worth is Rs 94,615 crore, according to the infrastructure development department.

    The much-awaited summit has confirmation of participation from ministers and dignitaries from across the world from countries like Australia, Azerbaijan, Bangladesh, Bahrain, Cambodia, Canada, Czech Republic, Egypt, France, Ghana, Indonesia, Iraq, Japan, Macedonia, Malta, Malaysia, Mauritius, Mexico, Namibia, Russia, Saudi Arabia, Serbia, Singapore, Slovenia, South Africa, Switzerland, Tanzania, United Arab Emirates, United Kingdom, USA, Zambia, Zimbabwe apart from officials from various multilateral organisations like the International Trade Centre and Organisation for Economic Cooperation & Development (OECD).

    The summit will be a platform for Indian industry to interface with world statesmen, business leaders, academia, policy-makers and media leaders.

    Karnataka aims to showcase the focus sectors like aerospace and defence, automobiles, ICT, electronics and hardware, chemicals and petrochemicals, education, R& D and innovation, energy and environment, agrotech & food processing, health, infrastructure, packaging, minerals, banking & finance, transport infrastructure, textiles and tourism through which the envisaged partners are expected to flag investments.

    It is expected that the summit will establish the brand Karnataka in the global market apart from remaining as one of the top three preferred investment destinations in India. The state also aims to increase the state's GDP from the present level of 16.87 per cent to 20 per cent by the end of the policy period.

    The partnership summit is expected to bring a minimum total investment of Rs 5 lakh crore and additional employment possibilities for 1.5 million persons by 2019.

    Bangalore to host Partnership Summit | Business Standard

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