The Ministry of Commerce & Industry, Government of India & Confederation of Indian Industry (CII) organised the 19th edition of annual flagship international investor’s meet, 'The Partnership Summit 2013' with Uttar Pradesh as the Partner State. The Summit was held for the first time in Agra- the city of the magnificent Taj Mahal. Themed “Global Partnerships for Enduring Growth”, the summit was attended by Heads of States and Governments, Trade Ministers & industry leaders from across the world.
Briefing the media at a Press Conference organized at Lucknow prior to the event, Mr Kiron Chopra, Past Chairman, CII UP State Council said “this year`s CII Partnership Summit 2013 will be an exclusive platform where Uttar Pradesh will be promoted as a potential investment and tourism destination. The deliberations at the Summit will also examine the vital links that will spark the next phase of global growth and it will also discuss how trade and investment opportunities are emerging in a rapidly changing global scenario that can lead to globalization and inclusive growth in countries”. He added that another key highlight of the summit will be more than eighty three overseas business delegations from all over the world including Australia, Bangladesh, Brazil, Canada, Bhutan, Egypt, Japan, Mexico, Nepal, Netherland, Pakistan, Portugal, Russia, Slovenia, Yemen, Saudi Arabia, Spain and USA to name a few.
Speaking about the objectives and UP specific sessions scheduled at the CII Partnership Summit 2013 during the pre event briefing, Infrastructure and Industrial Development Commissioner (IIDC) of UP, Anil Kumar Gupta said that interactions at this high level networking platform would focus on detailed and direct dialogue with global as well as Indian industrial and business delegations on ways to enable sustained growth for integrated socio-economic development. A high level UP Government delegation comprising of Chief Secretary and principal secretaries of key departments will participate actively in this summit. He informed that "UP Chief Minister, Shri Akhilesh Yadav will himself lead the launch by chairing the special session on “Uttar Pradesh – The land of opportunities” planned on January 28th during Day-2 of CII Partnership Summit 2013. Chief Minister is expected to unveil various industry and investment-friendly policies as a package during this summit."
“The take off point for UP has arrived and CII Partnership Summit 2013 will be an excellent opportunity to apprise the participating global leaders, investors, businesspersons and policy makers about new enterprise and economy enabling policies ushered in by Government of Uttar Pradesh recently. The Summit would facilitate in increasing investments in the state; till now the actual investment in the state has been of Rs. 10,000 crores, these cover investments in dairy, food processing, petroleum, petro chemicals, leather and steel” he added. Speaking on the upcoming premier infrastructure and industrial projects in Uttar Pradesh, IIDC informed Mega leather clusters at Kanpur and Sandila have already gone for approval from Government of India. Amul Dairy is also coming to various parts of UP and being provided full support. To boost the hotel and tourism industry the government is also looking at developing a theme park at Agra with considerable financial viability. Other projects include roads and expressways, international airports at Agra and Kushinagar, projects under DMIC & DFC, international level cricket stadium at Lucknow etc., all these projects will be amply showcased through theme based presentations at the Summit. IIDC also shared that 300 entrepreneurs mainly from Gujarat and Maharashtra who have showed interest in the Auraiya Plastic city are also being invited to the CII Partnership Summit 2013 at Agra.
Joint Executive Director of Udyog Bandhu and Special Secretary, Industrial Development, Kaushal Raj Sharma informed that the special session on ‘Uttar Pradesh – The land of opportunities’ will be followed by UP specific parallel sessions focused on infrastructure, agriculture & food processing, and textiles & leather. Indian industrial giants like HCL, ABG, Jubilant Organosys, Jaypee, Reliance, L&T, Lanco, Samsung, etc. along with academia and domain experts of industry and economy are likely to be well represented during these sessions.
The State government and CII had prepared an elaborate plan and formed various committees to successfully organize the event with the principal aim of attracting investment and enterprises in Uttar Pradesh.
Seven plenary sessions were held during the CII Partnership Summit 2013 on various topics, including 'The Large Emerging Economies: New Growth Hubs of World', 'The New Emerging Global Economic Order: Role of Developed Nations', 'South Asia Economic Integration: On a New Path of Progress and Hope', 'Rapidly Emerging Global Value Chains: Where Do Developing Economies Fit In', 'RCEP: Towards Creating the World's Largest Trading Block', 'India and Africa: Redefining Partnerships in the 21st Century' and 'Rebuilding Global Economic Governance : Role of G 20'.
Mr Hamid Ansari, Hon’ble Vice President of India while inaugurating the 19th CII Partnership Summit emphasized “It is imperative that the world economies work in tandem to prepare a roadmap for economic recovery, wherein they leverage each other’s strengths and comparative advantages to create a new economic world order”. “Innovation and creativity will play an important role in reviving growth in the emerging economies for better utilization of the limited resources”, Mr Ansari further added. To address the challenges of poverty alleviation and socio-economic development, Mr Ansari emphasized that “the challenge before us now is to put back the Indian economy on high growth trajectory. This is critical to generate additional employment opportunities essential for achievement of broader agenda of sustainable and inclusive growth”.
Mr Anand Sharma, Minister of Commerce, Industry & Textiles, GoI & Summit Chairman stressed that “Forging regional and global partnerships between the developed, developing and emerging economies is the key to a sustainable growth, secure the present and leave a legacy for a better future”. He however, expressed concern over the slow pace of economic recovery and suggested to adapt the path of high growth. According to Mr. Sharma, “Youth unemployment and unemployability is the biggest worry and within a decade, there would be requirement for creating 600 million jobs globally. Thankfully, National Manufacturing Policy ( NMP) would help to create 100 million skilled jobs within a decade, thereby helping to address the issue of unemployment. We are really focused towards development of the Manufacturing sector. Thrust towards manufacturing sector would not only help raise share of manufacturing in India’s GDP, but would also make India one of the manufacturing hub in the 21st century and help in employment creation”.
The Chief Minister of Uttar Pradesh, Shri Akhilesh Yadav addressed the Inaugural session "Global Partnerships for Enduring Growth". Elaborating upon the economic prospects of Uttar Pradesh, Mr Akhilesh Yadav, Chief Minister of Uttar Pradesh, assured to create enabling policy regime to attract investment and a facilitating bureaucracy to help industry. He reinforced that a thriving manufacturing sector can provide alternative employment and would help to address the issue of regional imbalance. In this context, he proposed to invest in product specific industrial infrastructure and setting up national manufacturing investment zones.
Apart from this, Uttar Pradesh had few sessions on "Uttar Pradesh - Unlimited Potential" , "Uttar Pradesh - Creating Best In Class Infrastructure", "Uttar Pradesh - Creating Investment Opportunities Across Focus Sectors" participated by various industry leaders. “The priority of the state government is to revamp the investment related policies across sectors and create an enabling and business friendly environment for attracting investments”, highlighted Mr Akhilesh Yadav, Hon’ble Chief Minister of Uttar Pradesh at the Special Plenary Session on “Uttar Pradesh – Unlimited Potential” “We have created High powered committees to monitor execution of policies and take speedy executive decisions, where bottlenecks exist”, he added. The Chief Minister further shared that partnership with the industry is critical for realization of the government’s vision of prosperous agriculture sector, food processing sector, MSME sector, to create world class infrastructure and strengthen the IT and ITeS sector. Uttar Pradesh has the highest young population and to leverage this demographic dividend, state government has accorded top priority to Skill Development, informed Mr Yadav. A scheme has been initiated to distribute 26 lakh Tablet PCs and 15 lakh Laptops to students passing High School and Intermediate examinations respectively, he added. Mr Akhilesh Yadav also launched key policies on Infrastructure and Industrial Investment Policy, Food Processing Industry Policy, Sugar Policy, IT Vision, Poultry Policy and Solar Power Policy to boost the industry and investments in the state, at the CII Partnership Summit.
Government of Uttar Pradesh realizes the need for an enabling policy framework & the state govt is taking necessary steps in this regard, said Mr Jawed Usmani, Chief Secretary, Government of Uttar Pradesh.
“CII has been engaging with the UP Government at the highest levels and in this regard, we have formed working groups with State Government on Power & Renewable Energy, Skill Development, Branding Uttar Pradesh & MSME, Agriculture & Food Processing, Industrial Policy, Infrastructure, Healthcare and Information Technology”, said Mr Chandrajit Banerjee, Director General, CII. The experience on working with Government of Uttar Pradesh has been very enriching, he added.
Referring to the theme of the Summit, Mr Adi Godrej, President CII, and Chairman, Godrej Group, in his opening remarks said that the theme rightly recognizes the aspiration of attaining global growth through seeking global partnerships. He added that, we are at a critical juncture when importance of outward orientation and strategic reforms can not be underestimated. In anticipation of successful outcome of this Summit, he said that new ideas and meaningful discussions would help to draw upon strategy to realize objective of a more enduring and inclusive development.
Earlier, while giving welcome remarks, Mr. Ajay S Shriram, Vice President, CII, and Chairman & Senior Managing Director, DCM Shriram Consolidated Limited, outlined the overall objective of the Partnership Summit and stressed that that this platform present with the unique opportunity to build new bridges of strategic partnerships.
Mr Jaiprakash Gaur, Founder Chairman, Jaiprakash Associates Ltd said that the state of Uttar Pradesh with its strong agricultural base, fertile land, plenty of water, minerals has immense potential for growth. The state will regain its pre-eminent position in industrial development under the dynamic leadership of the Chief Minister, he added.
“Americans are coming to UP”, announced Mr Ron Somers, President, United States – India Business Council (USIBC). “American firms are keenly interested in investing in UP’s agri processing sector & Power sector, considering the potential & opportunities. With the capex of 16,000 MW proposed in new power projects, there is an opportunity of USD 16 billion for potential investors. A senior business delegation from USA would visit UP in March 2013 to further concretise partnerhsips, he further added. There is a USD 10 Billion opportunity in the defence sector through Defence Offset policy of Indian Government. UP can benefit hugely from this offset policy, if leveraged properly”, he added.
Mr C S Nopany, Chairman & Managing Director, K K Birla Group of Sugar Companies said that event such as Partnership Summit will help the state in improving its perception among the investors and promote investment in the state. The new Sugar Policy will help the state in leveraging its true potential in the area of Sugar, he added.
Mr Vineet Mittal, Promoter & Managing Director, Welspun Energy Ltd said his company is investing in the area of clean & renewable energy in Uttar Pradesh.
With the competent Ministers and Officers at the helm, it’s opportune time to invest in the state, said Mr K K Modi, Chairman, Modi Enterprises.
Delivering the closing remarks, Mr. S Gopalakrishnan, President Designate, CII, and Executive Co-Chairman, Infosys Limited, suggested to re-examine the role of advanced and emerging countries, in the current scenario when trade, investment and businesses are the main driving forces for growth.
In his closing remarks, Mr Ajay S Shriram, Vice President, CII said that “CII would be happy to work with the Government of Uttar Pradesh in more areas including that of the agriculture”. “Execution of the policies will be key to the development of the state”, he added.
For more information, please visit event website www.partnershipsummit.com