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Partnership Summit 2015
 
 
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The Indian economy is witnessing a transition of sorts and is becoming stronger. This was the view of Mr. Suresh Prabhu, Minister for Railways and India’s G-20 Sherpa in Jaipur today. Mr. Prabhu was addressing the Inaugural Session of The Partnership Summit 2015, organized in cooperation with the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India and the Government of Rajasthan from January 15-17, 2015. 

Elaborating further, Mr. Prabhu stated that in the past couple of days, the Reserve Bank of India has reduced interest rates, the stock markets was on the rise and so was the Rupee. These three indicators, in his view, were a sign of things to come. 

Mr. Prabhu stated that the government was making a conscious effort to diversify the Indian economy and develop the manufacturing sector in the country. He stated that a stronger growth in manufacturing and the agriculture sectors would spur the further growth of the services sector. 

According to the Minister, the government was taking efforts to make the states a partner in growth. It is for this reason that the government set up the NITI Aayog. He also called upon industry to partner with the government to spur growth in the country. 

Mr. Prabhu stated that the true potential of India could only be realized once the country had a unified market. It is with this objective in mind that the government was pursuing the introduction of the Goods and Services tax in the country. He reassured the investors in the Summit that the government would no longer apply tax laws retrospectively. 

The Minister stated that there were several opportunities that were now emerging thanks to this transformation. These include solar power and logistics among others. 

Inviting business to partner in Rajasthan’s progress, Ms. Vasundhara Raje, Chief Minister of Rajasthan stated that her state was undertaking a slew of economic reforms. She specially highlighted the reforms that her state was undertaking in the labour front y amending old outdated legislation. She observed that this had become a model for the rest of the country and the Prime Minister had called on other states to follow the Rajasthan model. 

The Chief Minister stated that some of the advantages that Rajasthan offered included the sheer size of the state, its natural resources, its rich heritage complete with forts, palaces, arts and culture and its strategic location among others. 

She highlighted that her government was giving a special impetus to infrastructure development. She observed that with the development of the Delhi Mumbai Industrial Corridor, several opportunities for industrial development were expected to arise. She called on industry to take advantage of this opportunity and set up smart cities and knowledge hubs around the corridor. 

In his address, Mr. Nikola Gruevski, Prime Minister of Macedonia invited Indian industry to invest in his country. Highlighting some of the advantages of investing in Macedonia, the Prime Minister stated that his country had one of the lowest tax rates in the world. The World Bank, in its Doing Business Indicators had ranked Macedonia as one of the top 30 easiest places to do business. 

The Prime Minster stated that his country had set up Free Economic Zones where companies would not be charged personal or corporate income tax, duty free import of equipment would be allowed and land would provided to industry on very long lease. The Prime Minister stated that some of the sectors for investment could include auto components and food processing among others. 

In her address, Ms. Nirmala Sitharaman, Minister of State (Independent Charge) for Commerce and Industry, observed that India carries the potential opportunity to position itself as the leader of the economic growth with 1.3 million enterprises, 1.2 billion people, over 535 million under 25 years of age. According to her, India’s talent pool has always been a great draw. Every year, 140,000 Indian engineers join the ranks of companies across Europe and the US alone. Its 3.13 million engineers today export information technology services to eighty per cent of the world’s Fortune 500 companies. It is amongst the six countries of the world to own and operate indigenous space technologies. 

According to the Minister, the time was ripe to forge new partnerships and break out of the low growth cycle. It was in this context that the Government had formulated several path-breaking initiatives such as the Make in India campaign. She stated that the government’s objective was to make doing business in India much easier. 

Highlighting some of the reforms that had been undertaken, the minister spoke highlighted the easing of FDI restrictions in railways, defense and construction, labour and land reforms among others. 

According to the Minister, the idea was to project Democracy, Demography and Demand as the key strengths of India. She observed that thanks to the reforms being undertaken, business sentiment in the country had improved significantly. 

In his address, Mr. Ajay Shriram, President, CII stated that the many initiatives announced and decisions taken by the government across key areas of the economy had greatly reassured businesses and enhanced investor confidence. He felt that these initiatives would help transform India in the shortest possible time. 

Earlier, while welcoming the delegates, Mr. Chandrajit Banerjee, Director General, CII stated that the world would like to see an active engagement and collaboration with India and stimulate discussions among key stakeholders - political, institutional, business, media and academia – on the best strategies to foster balanced and equitable growth. 

Mr. Sumit Mazumder, President – Designate, CII proposed the Vote of Thanks.

Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
 
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The Partnership Summit 2015: An introduction by Mr. Chandrajit Banerjee, Director General, CII
Welcome remarks by Mr. Ajay S Shriram, Senior Managing Director, DCM Shriram Ltd., at the inaugural session of the The Partnership Summit 2015
Keynote address by Ms Vasundhara Raje, CM, Government of Rajasthan at the inaugural session of the The Partnership Summit 2015
Mr Nikola Gruevski, PM of Macedonia addressing at the inaugural session of the The Partnership Summit 2015
Screening of “Make in India” film at the inaugural session of the The Partnership Summit 2015
Ms. Nirmala Sitharaman, Minister of State (Independent Charge) for Commerce and Industry, Government of India, addressing at the inaugural session of the The Partnership Summit 2015
Mr. Suresh Prabhu, Minister for Railways and India’s G20 Sherpa, Government of India addressing at the inaugural session of the The Partnership Summit 2015
Closing remarks by Mr. Sumit Mazumder, CMD, TIL Limited, at the inaugural session of the The Partnership Summit 2015
Mr. Victor Mallet, South Asia Bureau Chief, The Financial Times, United Kingdom, addressing at the session on “Defining Shared New Realities”
Mr. Francis Gurry, DG, (WIPO), Switzerland, addressing at the session on “Defining Shared New Realities”
Mr. Ajay S Shriram, Chairman & Senior MD, DCM Shriram Ltd., addressing at the session on “Defining Shared New Realities”
Mr. Michael C Bimha, Minister of Industry and Commerce, Zimbabwe, addressing at the session on “Defining Shared New Realities”
Mr Abdulmohsen Medij Al-Medij, Deputy PM and Minister of Commerce and Industry, Kuwait, addressing at the session on “Defining Shared New Realities”
Mr. Richard N Haass, President, Council on Foreign Relations, USA, addressing at the session on “Defining Shared New Realities”
Mr. Dogan Altinbilek, VP, World Water Council, addressing at the session on “Defining Shared New Realities”
An open house discussion on “Defining Shared New Realities”
Two Decades of WTO: Why it Matters for Development - An introduction by Mr. Chandrajit Banerjee, Director General, CII
Keynote address by Mr. Roberto Azevedo, DG, (WTO), Switzerland, addressing at the session on “Two Decades of WTO: Why it Matters for Development”
Keynote address by Ms. Nirmala Sitharaman, Minister of State (Independent Charge) for Commerce and Industry, Government of India, at the session on “Two Decades of WTO: Why it Matters for Development”
Two Decades of WTO: Why it Matters for Development - session wrap up by Mr. Chandrajit Banerjee, Director General, CII
Beti Bachao, Beti Padhao
Mr. Sumit Mazumder, CMD, TIL Limited, addressing at the session on “Resurgent Rajasthan: Gaining Speed”
Mr. Gajendra Singh Khimsar, Minister for Industries, Government of Rajasthan, addressing at the session on “Resurgent Rajasthan: Gaining Speed”
Land of Opportunities in Rajasthan
Mr. Amitabh Kant, Secretary, (DIPP), Ministry of Commerce and Industry, Government of India, at the session on “Resurgent Rajasthan: Gaining Speed”
Mr. Vipin Sondhi, MD and CEO, JCB India Ltd., addressing at the session on “Resurgent Rajasthan: Gaining Speed”
Experience Sharing on Investing in Rajasthan
Ms Mamtha Sharma, Country Manager, Corporate Citizenship & Community Affairs, IBM India/South Asia, addressing at the session on “Leveraging CSR-Looking beyond the Mandate”
A film on Rajasthan at the session on “Resurgent Rajasthan: Gaining Speed”
Ms Vasundhara Raje, Chief Minister of Rajasthan, addressing at the session on “Resurgent Rajasthan: Gaining Speed”
An open house discussion on “Resurgent Rajasthan: Gaining Speed”
Closing remarks by Mr. Sumit Mazumder, CMD, TIL Limited, delivering closing remarks at the session on “Resurgent Rajasthan: Gaining Speed”
Ms. Shobana Kamineni, Executive Vice Chairperson, Apollo Hospitals Enterprises Limited, addressing at the session on “US and India: Co-Creating a Shared Future”
Mr. Frank G Wisner, International Affairs Advisor, Patton Boggs, USA, addressing at the session on “US and India: Co-Creating a Shared Future”
Mr. K R S Jamwal, Executive Director, Tata Industries, addressing at the session on “US and India: Co-Creating a Shared Future”
Mr. Naushad Forbes, Director, Forbes Marshall Pvt. Ltd, addressing at the session on “US and India: Co-Creating a Shared Future”
Mr. Krish Iyer, President and CEO, Walmart India, addressing at the session on “US and India: Co-Creating a Shared Future”
Mr. S K Lambha, Former Special Envoy to the PM and Co-Chair, US India Strategic Dialogue, addressing at the session on “US and India: Co-Creating a Shared Future”
Closing remarks by Mr. Frank G Wisner, International Affairs Advisor, Patton Boggs, USA, at the session on “US and India: Co-Creating a Shared Future”
Mr. Sunil Kant Munjal, Chairman, Hero Corporate Services Ltd, addressing at the session on “Mega-Regional Trading Blocs: Implications for Emerging Economies”
Mr. Andrew Robb AO, Minister for Trade and Investment, Australia, addressing at the session on “Mega-Regional Trading Blocs: Implications for Emerging Economies”
Mr. Y B Dato Sri Mustapa Mohamed, Minister of International Trade and Industry, Malaysia, addressing at the session on “Mega-Regional Trading Blocs: Implications for Emerging Economies”
Mr. Gao Yan, Vice Minister, Ministry of Commerce, China, addressing at the session on “Mega-Regional Trading Blocs: Implications for Emerging Economies”
Mr Harsha Vardhana Singh, Former DDG, (WTO), addressing at the session on “Mega-Regional Trading Blocs: Implications for Emerging Economies”
Mr. Marshall Bouton, President Emeritus, The Chicago Council on Global Affairs, USA, addressing at the session on “Mega-Regional Trading Blocs: Implications for Emerging Economies”
Closing remarks by Mr. Sunil Kant Munjal, Chairman, Hero Corporate Services Ltd, at the session on “Mega-Regional Trading Blocs: Implications for Emerging Economies”
Opening remarks by Mr. T V Narendran, MD, Tata Steel Limited, at the session on “Make-in India: Offering a New Partnership Opportunity to Industry”
Mr. Amitabh Kant, Secretary, (DIPP), Ministry of Commerce and Industry, Govt of India, addressing at the session on “Make-in India: Offering a New Partnership Opportunity to Industry”
Mr. Martin Hamilton-Smith, MP, Minister for Investment and Trade, Government of South Australia, addressing at the session on “Make-in India: Offering a New Partnership Opportunity to Industry”
Mr. William Danvers, DSG, (OECD), France, addressing at the session on “Make-in India: Offering a New Partnership Opportunity to Industry”
Ms. Patricia Hewitt, Chair, (UKIBC), United Kingdom, addressing at the session on “Make-in India: Offering a New Partnership Opportunity to Industry”
Mr. LI Yong, DG, (UNIDO), addressing at the session on “Make-in India: Offering a New Partnership Opportunity to Industry”
An open house discussion on “Make-in India: Offering a New Partnership Opportunity to Industry”
Closing remarks by Mr. T V Narendran, MD, Tata Steel Limited, at the session on “Make-in India: Offering a New Partnership Opportunity to Industry”
Ms. Sujata Mehta, Secretary (ER and DPA), Ministry of External Affairs, Govt of India, addressing at the session on “Revitalizing South Asia Economic Cooperation: The Options in the Midst of Prevailing Constraints”
Mr. Shishir Priyadarshi, Director, (WTO), addressing at the session on “Revitalizing South Asia Economic Cooperation: The Options in the Midst of Prevailing Constraints”
Mr. Wencai Zhang, VP, Asian Development Bank, Philippines, addressing at the session on “Revitalizing South Asia Economic Cooperation: The Options in the Midst of Prevailing Constraints”
Mr. Suraj Vaidya, SVP, SAARC Chamber of Commerce & Industry, addressing at the session on “Revitalizing South Asia Economic Cooperation: The Options in the Midst of Prevailing Constraints”
Mr. Shaida M Abdali, Ambassador, Embassy of the Islamic Republic of Afghanistan, addressing at the session on “Revitalizing South Asia Economic Cooperation: The Options in the Midst of Prevailing Constraints”
Mr. Tofail Ahmed, Minister of Commerce, Bangladesh, addressing at the session on “Revitalizing South Asia Economic Cooperation: The Options in the Midst of Prevailing Constraints”
Mr. Sanjay Budhia, MD, Patton International Limited, addressing at the session on “Revitalizing South Asia Economic Cooperation: The Options in the Midst of Prevailing Constraints”
An open house discussion at the session on “Revitalizing South Asia Economic Cooperation: The Options in the Midst of Prevailing Constraints”
Closing remarks by Ms. Sujata Mehta, Secretary (ER and DPA), Ministry of External Affairs, Govt of India at the session on “Revitalizing South Asia Economic Cooperation: The Options in the Midst of Prevailing Constraints”
Welcome remarks by Mr. Sanjay Budhia, MD, Patton International Limited delivering opening remarks at the session on “Business Paradise in Europe-The Republic of Macedonia”
Special address by Chief Guest H E Mr Nikola Gruevski, Hon’ble Prime Minister, Republic of Macedonia, at the session on “Business Paradise in Europe-The Republic of Macedonia”
Mr Jerry Naumoff, Minister in charge of Foreign Investments, Republic of Macedonia addressing at the session on “Business Paradise in Europe-The Republic of Macedonia”
Mr Kliment Sekerovski, Deputy CEO of the Agency for Foreign Investments and Export Promotion, Republic of Macedonia, addressing at the session on “Business Paradise in Europe-The Republic of Macedonia”
Special address by Mr. HE Mr Toni Atanasovski, Ambassador, Embassy of Macedonia in India, addressing at the session on “Business Paradise in Europe-The Republic of Macedonia”
An open house discussion on “Business Paradise in Europe-The Republic of Macedonia”
Mr. David Lelliott OBE, British Deputy High Commissioner, Chandigarh, delivering opening remarks at the session on “UK-Making it in India”
Ms. Katja Hall, DDG, Confederation of British Industry, addressing on 'A Policy Environment for successfully making in India' at the session on “UK-Making it in India”
Rt Hon Patricia Hewitt, Chair, UKIBC, addressing on 'UK-India complementarity and UK businesses making it big in India' at the session on “UK-Making it in India”
Mr. Vipin Sondhi, MD & CEO, JCB India, addressing at the session on “UK-Making it in India”
An open house discussion on “UK-Making it in India”
Mr. Saurabh Tripathi, Partner Financial Institution Practice, Boston Consulting Group addressing at the session on “Financing for Growth and Development”
Mr. Phil O’ Reilly, Chairman, OECD (BIAC), France, addressing at the session on “Financing for Growth and Development”
Mr. Salaim Nasser Al Ismaily, Chairman, Public Authority for Investment and Export Promotion, Oman, addressing at the session on “Financing for Growth and Development”
Financing for Growth and Development
Mr. Walid Habib Hilo Saleh Al Mouswee, Deputy Minister of Trade, Iraq, addressing at the session on “Financing for Growth and Development”
Role and Objectives
An open house discussion on “Financing for Growth and Development”
Mr. Sanjay Srivastava, COO, Mahindra World City (Jaipur) Ltd., addressing at the session on “Growing Importance of Service Sector in Manufacturing Value Chains”
Mr. Ekwow Spio-Garbrah, Minister of Trade and Industry, Ghana, addressing at the session on “Growing Importance of Service Sector in Manufacturing Value Chains”
Mr. Csaba Balogh, Deputy State Secretary for Eastern Opening, Ministry of Foreign Affairs and Trade, Hungary, addressing at the session on “Growing Importance of Service Sector in Manufacturing Value Chains”
Mr. Nguyen Cam Tu, Deputy Minister of Industry and Trade, Vietnam, addressing at the session on “Growing Importance of Service Sector in Manufacturing Value Chains”
An open house discussion on “Growing Importance of Service Sector in Manufacturing Value Chains”
Closing remarks by Mr. Sanjay Srivastava, COO, Mahindra World City (Jaipur) Ltd., at the session on “Growing Importance of Service Sector in Manufacturing Value Chains”
Mr. R Mukundan, MD, Tata Chemicals Limited, addressing at the session on “Global Development Agenda Beyond 2015”
Mr. Aiyaz Sayed- Khaiyum, Attorney General and Minister of Finance, Public Enterprise, Public Service & Communications, Fiji, addressing at the session on “Global Development Agenda Beyond 2015”
Mr. LI Yong, DG, (UNIDO), addressing at the session on “Global Development Agenda Beyond 2015”
Mr. Pan Sorasak, Secretary of State, Ministry of Commerce, Cambodia, addressing at the session on “Global Development Agenda Beyond 2015”
Mr. Madhusudan Khemka, President, Indian Wind Turbine Manufacturers Association, addressing at the session on “Global Development Agenda Beyond 2015”
An open house discussion on “Global Development Agenda Beyond 2015”
Closing remarks by Mr. R Mukundan, MD, Tata Chemicals Limited, at the session on “Global Development Agenda Beyond 2015”
 
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