Prime Minister Narendra Modi will head to Davos, Switzerland on Monday to attend the 48th annual meeting of the World Economic Forum. He is scheduled to deliver a keynote address on the opening day of the meeting on Tuesday. This year, over 3,000 global leaders from business, government, politics, academia and social sectors are participating at the Summit which will conclude on January 26. Under the theme “Creating a shared future in a Fractured World”, the meeting aims to set an agenda to address political, economic and Social challenges of recent times. Prime Minister Narendra Modi is the only Indian PM to attend the event after former PM HD Deve Gowda post-1997. He is expected to hard sell India at the World Economic Forum 2018.
1) Address to CEOs: Narendra Modi will talk about steps taken to a make it easier to do business in India. He will address about 20 Indian CEO and 40 from around the world and inform them as of how India is progressing. The recent 30 rank jump on World Bank’s Ease of Doing Business to top 100 will be a shot in his arm to impress the top business leaders of the world. Narendra Modi will hard sell India as an open economy which is ready for investments from across the world, and also as a major engine to drive the global economic growth.
2) Talk with Alain Berset: The Prime Minister will also hold bilateral talks with the President of Swiss Confederation, Alain Berset, besides holding a series of meetings with business leaders and addressing the international business council. Negotiations on a bilateral investment protection pact will figure at the meeting. The two leaders will also discuss, among other trade and business matter, the envisaged free trade agreement between India and the European Free Trade Association (EFTA), of which Switzerland is a member. However, whether the two leaders will have a conversation on the issue of black money is understood to not be on the official agenda.
3) All women chairs, including an Indian: For the first time, the WEF will have all women chairs including Indian banker, activist and entrepreneur Chetna Sinha. She will join world women leaders and entrepreneurs, including IMF Director Christine Lagarde and former Norwegian PM Erna Solberg. Called a ‘silent crusader’ by Forbes magazine, Chetna Sinha has founded Mann Deshi Mahila Sahkari Bank, the first bank in the country, run for and by rural women, to get a cooperative license from the Reserve Bank of India (RBI).
4) India’s heritage & cuisine: Besides, the Department of Industrial Policy and Promotion (DIPP) will host a welcome reception for the participants, where it will showcase business opportunities in India in addition to country’s heritage and cuisine. India will host the ‘welcome reception’ with the country’s exquisite cuisine and age-hold Yoga heritage.
5) Bollywood megastar to be honored: Shah Rukh Khan will be honored with Crystal Award alongside Cate Blanchett and Elton John.
