India to be in focus at Davos meeting

Monday, 24 January 2005, 08:00 Hrs
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NEW DELHI: A brainstorming session on business prospects in India and New Delhi's strategy for multilateral trade talks are among the highlights of the World Economic Forum's annual meeting in Davos Jan 26-30.

Commerce Minister Kamal Nath is heading a high-powered delegation for the meeting at the alpine settings. Accompanying him will be Science and Technology Minister Kapil Sibal, Rajasthan Chief Minister Vasundhara Raje and 50 business leaders.

Other India-specific highlights include the Fifth Meeting of the India Advisory Council, an India Reception to be hosted by the Confederation of Indian Industry (CII) and a workshop on 'India and the World in 2025' to be addressed by Raje.

The Rajasthan chief minister is the third head of a state government - after N. Chandrababu Naidu of Andhra Pradesh and S.M. Krishna of Karnataka - who has been invited to World Economic Forum's (WEF's) high-profile event.

N.R. Narayan Murthy, chief mentor of Infosys Technologies, and Bill Gates, the co-founder of Microsoft Corp, are among the co-chairs of the five-day event, a statement from the Confederation of Indian Industry said.

Kamal Nath, among other engagements, would address a session on 'Beijing and Delhi: Navigating New Territories' and discuss the huge market potential in India and China on account of the rapid economic growth in the two nations.

Along with Sibal, the commerce minister will also speak at a session on 'India Meets Doha' to discuss the impact of Trade Related Intellectual Property Rights agreement on healthcare sector and on research and development, CII said.

They will also meet business leaders at Davos in an interactive luncheon session titled 'India's Bigger, Better Business Horizons' along with the Rajasthan chief minister, and discuss the status of foreign investment policy and potential.

CII said the 'India Reception' on Jan 27 would be attended by some 350 guests, including WTO Director-General Supachai Panitchpakdi, Singapore Trade Minister Hon Lim Hng-Kiang and Bahrain Crown Prince Sheikh Salman bin Hamad Al-Khalifa.

Over the course of five days, some 2,250 people from 96 countries will convene in Davos, including 20 heads of state or government, 70 ministers, 26 religious leaders, 15 union leaders and over 50 heads of non-governmental organisations.

Some 50 percent of the participants will be business leaders, drawn mainly from the forum's members that include over 1,000 largest companies from around the world, the organisers said.

Prominent business leaders from India for the event include Rahul Bajaj, Adi Godrej, Mukesh Ambani, Vijay Mallya, Nandan Nilekani, K.V. Kamath, Rajendra Pawar, Naresh Goyal, Uday Kotak and S. Ramadorai.

Source: IANS
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