Team Blitz India
SURAT: The B20 meeting, held here on July 1, served as a platform for fostering dialogue, collaboration, and innovation among global business leaders and policymakers from G20 countries.
Organised by the Confederation of Indian Industry (CII), the meeting focused on two key B20 Taskforces – ‘Inclusive Global Value Chains (GVCs) for Resilient Global Trade and Investment’ and ‘Financial Inclusion for Economic Empowerment’. The meeting aimed to explore and unleash the potential of the global value chain and promote financial inclusion.
Union Cabinet Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, and Minister of State for Home Affairs, Harsh Sanghvi, attended the meeting.
Fifth-largest economy
In his speech, Sonowal said, “In just 10 years, India has ascended to being the world’s fifth-largest economy, ranking third in smartphones and sixth in cars. It stands as the second-largest producer of fruits and vegetables, first in dairy production, and home to the thirdlargest startup ecosystem.” He emphasised the state’s determination to achieve global competitiveness through future-ready infrastructure and mega projects.
Darshan Shah, Chairman of the CII Gujarat State Council while addressing the meeting said, “Our shared purpose is to explore and unleash the vast potential of the global value chain and foster financial inclusion. We have chosen Surat as an exemplary model under the B20 umbrella to showcase the transformative power of these initiatives.”
Kulin Lalbhai, Vice-Chairman of the CII Gujarat State Council, highlighted the B20 platform’s role in fostering dialogue, building relationships, and leveraging the collective expertise of various stakeholders.
Trade, investment
The event also featured plenary sessions focusing on trade and investments in the diamond, textile, and chemical industries for the global value chain, advancing financial inclusion for economic empowerment, and the future of the diamond industry in India by 2030. Industry leaders, finance experts, and senior government officers engaged in discussions to explore opportunities in these sectors.
The B20 meetings, known for bringing together influential business leaders, policymakers, and experts from the G20 countries, provide a platform for sharing perspectives, insights, and policy recommendations on economic and business-related matters. They play a vital role in shaping global economic agenda and policies.
