Jan 25, 2013, 09.06 PM IST
The presence of India at WEF annual meet-- the second biggest delegation after the US-- has grown stronger with the arrival of corporate titans Mukesh Ambani and Kumar Mangalam Birla besides Union Minister Jyotiraditya Scindia.
Showcasing the country's economic resilience, ministers and business leaders are presenting India as an attractive investment destination to global investors amid economic uncertainties across the world.
About 150 CEOs and business heads of Indian companies, along with four Union Ministers, are rubbing shoulders with the world economy's movers and shakers in this snowy town. Besides, Indian origin corporate titans like Pepsico's Indra Nooyi are also present. Nooyi was seen visiting India Adda, an annual feature of WEF meet here that offers a meeting ground for discussing various business opportunities in the country over delicious Indian delicacies.
Apex industry body CII's Director General Chandrajit Banerjee, who has been attending WEF event for many yearssaid India story is very strong. The Indian government delegation, led by Urban Development Minister Kamal Nath, includes Commerce and Industry Minister Anand Sharma, Heavy Industries Minister Praful Patel, besides Power Minister Scindia.
Banerjee said the impact of recent reforms in India can be seen in a very confident Indian contingent that has come here, while positivity is also there about the country among the foreign investors. "The foreign companies are very much interested in what is happening in India and they are definitely getting the right vibes here from the Indians present here," he added.
Power Minister Scindia said that India would emerge as a stronger economic force in the next one year on the back of continuing reforms. "In the current environment, where the world economy is coming out of a downturn, India is still very much one of the shining stars on a global perspective," Scindia told PTI here.
Video of the day
Dec 6 2013, 15:02
- in MARKET OUTLOOK
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.