Gandhinagar : B20 Meeting in the presence of world leadears to discuss various issues and challenges. The three day B-20 meeting kicks off in Gandhinagar from Monday. The host of international and industry leaders of top economies of the world are the participating leaders who will discuss about climate change, digital cooperation, innovation and global value chains. India holds the presidency of the G20 from December 1, 2022 to November 30, 2023. It is among the most prominent engagement groups in G20, with companies and business organizations as participants. B20 leads the process of galvanizing global business leaders for their views on issues of global economic and trade governance. Central ministers from the ministry of commerce and industry, ministry of electronics and information technology, G-20 Sherpa shared their views about various issues and challenges and steps to deal with those challenges.Piyush Goyal, Minister of Commerce & Industry, Textiles Government of India, highlighted that India is growing on account of its infrastructure mission, focus on integrity, inclusive development and international outlook. India has been working relentlessly to meet the UN Sustainable Development Goals, he added. The Minister was speaking at the B20 India Inception Meeting held in Gandhinagar, Gujarat. Confederation of Indian Industry (CII ) is the B20 secretariat. He further advocated that businesses must identify and deliberate on such important areas during the course of India’s G20 to facilitate the adoption of a sustainable and a greener future.
Ashwini Vaishnaw, Minister of Electronics and Information Technology, Communications and Railways, Government of India, in B20 meeting, presented four approaches on economic management, digital economy, and regulation in new technologies that India has taken in the recent past to maintain its relatively high growth rate in difficult times. He also announced that India Stack, a set of open APIs and digital public goods that are a vehicle for social and financial inclusion, are now being offered to the world in the spirit of social service.
Som Parkash, Minister of State for Commerce and Industry, Government of India highlighted the advantages that India offers, particularly with respect to business. He urged industry members to actively participate in the dialogues scheduled during B20 for the suggestions that would be submitted to the G20 leaders.Amitabh Kant, India’s Sherpa to G20, echoed Prime Minister Narendra Modi in saying that the G20 and all its engagement groups must be “inclusive, ambitious, decisive, and action-oriented”. Some of the biggest challenges to face in the near future will be digital transformation, climate financing, and decoupling and demonopolizing global value chains to make them more resilient.
Sanjiv Bajaj, President of CII & Chairman & Managing Director, Bajaj Finserv Ltd, commended B20 India’s efforts to represent the issues relevant to the global economy. This includes the topic of LDCs that are struggling to revive from the disruptions brought on by the pandemic and therefore India’s B20 focus on inclusive global revival through the Financing for Global Economic Recovery agenda. He further mentioned that the focused agenda on Integration of Africa will dispense a wide range of benefits, not only for African economies, but also for societies and businesses at large. Chandrajit Banerjee, Director General, CII, spoke about B20’s contribution during India’s leadership of G20 and the unique opportunity it entails. He spoke about the vision of G20 and the corresponding priorities of B20 India under the theme of ‘R.A.I.S.E – Responsible, Accelerated, Innovative, Sustainable and Equitable Businesses.’
