Confederation of Indian Industry (CII) on Sunday said it has signed an initial agreement with the Geneva-based World Economic Forum (WEF) to collaborate in various spheres, including infrastructure investments and human capital development.

“The CII and the World Economic Forum today signed an MoU to collaborate in delivering a strong engagement across all multi-stakeholder groups in India,” the industry body said in a statement.

The MoU was signed by Klaus Schwab, Founder and Executive Chairman, WEF, and Kris Gopalakrishnan, President, CII, in the presence of Anand Sharma, Commerce and Industry Minister.

South Asia summit

“The reform process in India is in full swing and the Government has taken several measures which are yielding positive results, especially in the recovery of the rupee and the stock market,” Sharma said.

He invited the WEF to organise an integrated South Asia Economic Summit in Delhi, similar to the India Economic Summit.

The WEF and the CII will identify areas for further projects and collaboration related to the most pressing issues that India is facing in areas such as infrastructure investments, skill gaps and human capital and inclusive growth, Sharma said.

(This article was published on November 10, 2013)
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