Inter-connectivity along with intra-connectivity will benefit all in globalization : Suresh Prabhu

Posted by Daily Shipping Times on 28-03-2018        Tweet

NEW DELHI: India finds itself positioned well in terms of economic and commercial relations in the comity of nations. It has established great relationship with regions and Countries like Africa, Latin America, North America, and several others. Industry associations play an extremely significant role in this context as they are creating the real spirit of development by benefiting India along with all others.

The inter-connectivity along with intra-connectivity will benefit all, said Mr. Suresh Prabhu, Minister of Commerce & Industry, Government of India. He was speaking at the inaugural session of the first edition of ‘The Global Industry Association Summit’ organized by the Confederation of Indian Industry (CII) at New Delhi.

The Minister emphasized that there should be reciprocal roles between the Government and the associations. The associations need to work out how to offer solutions alongside the problems, by collaborating and complementing each other, the Minister added.

Speaking at the summit, Ms. Shobana Kamineni, President, CII said, in today’s globalized world, rapid changes in technology, policy and markets are constantly creating new opportunities and challenges for industry. The six mega trends that are shaping the world today are, globalization and future markets, digital revolution, the rise of knowledge economy, urbanization, climate change and resource scarcity and increasing focus on responsible behaviours.

Mr. Chandrajit Banerjee, Director General, CII said that new stories are shaping the Global, Regional and Industry agendas. The collective role of associations will be crucial in promoting India, forging global collaboration on innovation and expanding outreach.