Invest India given target to attract 100 billion dollars of FDI in next two years: Commerce Minister
The Union Minister for Commerce & Industry and Civil Aviation, Shri Suresh Prabhu has said that the CII Partnership Summit is a flagship event of the Indian industry, which focuses on India as a whole.
The CII Partnership Summit is a flagship event of the Indian Industry which focuses on India as whole and for the first time, this landmark summit will be hosted in Maharashtra, the most progressive state in the country.
Shri Suresh Prabhu, Union Minister for Commerce & Industry and Civil Aviation, was addressing a joint press conference in Mumbai today, on the CII Partnership Summit, along with Minister for Industries & Mining, Govt of Maharashtra, Shri Subhash Desai and DG, CII, Mr Chandrajit Banerjee.
He said that the Vice President of India will inaugurate the 25th edition of the summit on January 12, 2019. The event is co-organized by Government of India, Government of Maharashtra and Confederation of Indian Industry, said the Minister.
The Summit will be held in Mumbai on January 12 and 13, 2019. The Union Minister Shri Suresh Prabhu will be the Chair of the Summit and and Shri Devendra Fadnavis, Chief Minister of Maharashtra – Chief Minister of the Host State – would be Guest of Honour at the Summit.
The Union Minister said that India has recorded the highest FDI this year, a figure higher than that of China. He said that Invest India has been given a target to attract 100 billion dollars of FDI in the next two years. Countries, sectors and specific companies are being targeted for this purpose.
He said that Maharashtra will be one of the top destinations where district-level EoDB rankings would be improved. This initiative will go a long way in boosting investment, he added.
The focus of the Partnership Summit is on policy, on bringing more investment into India and on better marketing India’s capabilities. He said that at a time of global slowdown, India remains a bright spot in the world economy.
The Partnership Summit will showcase to the global and domestic industry the various initiatives being taken by the Government to accelerate India’s growth, said the Minister.
Minister Shri Subhash Desai thanked the Government of India for choosing Maharashtra as the host state for the summit. He also thanked CII for organizing the summit.
DG, CII, Mr. Chandrajit Banerjee said that 39 countries have confirmed participation in the summit.
He said that the International Summit will have participation of Heads of State and Government, Ministers, policy makers, CEOs, academicians and thought leaders from India and all over the world. The summit is intended to be a global platform for dialogue, debate, deliberation and engagement among Indian and global leaders on economic policy and growth trends in India.
The theme for this year’s Summit is ‘New India: Rising to Global Occasions’.
Some of the topics under discussion at the Summit include: “Partnering with New India”, “Reforms and De-regulation – Strategies to Boost Investments”, “The Infra Expanse – a Super Imperative for Growth”, “The Inclusion Dynamics – A Digital Wireframe for All”, and “India: The New Global Address”, “Fostering an Innovation-driven Growth”, “Shaping the Future of Manufacturing: The Time is Now”, “Giving the Food and Agro sector the much-needed Impetus”, “Healthcare Development as a key component of a Growth Strategy”, “Tourism and Hospitality as a new Growth Driver”, “Defense and Aeronautics: Fulfilling the Country’s Industrial Ambitions and its Security Imperatives” and “Betting on a Leadership Role in Renewables”.
Some of the overseas dignitaries addressing the Summit include H.E. Stephan Kubiv, First Vice Prime Minister and Minister of Economic Development and Trade, Ukraine; Kim Hyun Chong, Hon’ble Minister of Trade, South Korea; Sultan Bin Saeed Al Mansoori, Hon’ble Minister of Economy, UAE; Amelia Kyambadde, Hon’ble Minister of Trade, Industry and Cooperatives, Uganda; Rishad Bathiudeen M.P. Minister of Industry and Commerce, Resettlement of Protracted Displaced Persons & Co-operative Development, Sri Lanka, Neeza Imad, Hon’ble Minister of State for Economic Development, Maldives; Chhuon Dara, Secretary of State for Commerce, Cambodia; Francis Gurry, Director General, World Intellectual Property Organization (WIPO); Hiroshi Kuniyoshi, Managing Director and Deputy to Director General, United Nations Industrial Development Organisation (UNIDO); and Alexander Böhmer, Head – South and Southeast Asia Division, Global Relations Secretariat, Organisation of Economic Co-operation and Development (OECD)
The Summit will witness participation by Business Delegations from countries including Bangladesh, Sri Lanka, Saudi Arabia, UAE, UK, Russia, South Africa, Bolivia, Nepal, Belarus, Ukraine, and Maldives among others.
