The Confederation of Indian Industry (CII) has announced that it has formally established an initial agreement with the World Economic Forum (WEF) to collaborate on partnerships focused on infrastructure and human capital development within India.
The Indian Government extended an invitation to the World Economic Forum to conduct a joint South Asia Economic Summit in New Delhi, mirroring the structure of the India Economic Summit organized by the WEF.
Economic revitalization in India is robust, with the Government actively implementing numerous measures producing favorable outcomes, notably including the recovery of the rupee, stock market performance, and infrastructure expansion throughout the nation.
To foster substantial involvement from diverse stakeholders across India, the two entities formalized a Memorandum of Understanding (MoU) aimed at collaborative efforts.
Both the WEF and CII will pinpoint potential areas for supplementary ventures and cooperative projects that tackle pressing challenges confronting India. These encompass areas of infrastructure investments, bridging skills gaps, optimizing human capital, and fostering inclusive growth strategies.
Founder and Executive Chairman of the WEF, Klaus Schwab, and President of the CII, Kris Gopalakrishnan, formally signed the memorandum under the observation of Commerce Minister Anand Sharma.