CommuniquÃ© November 2009 | 1 - CII

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cover storypartnership25 Years of Partnership:CII and WEF in IndiaThe unique institutional partnershipbetween CII and the World EconomicForum is today 25 years strong,sustained through the epochaltransformation of the world order andthe economic changes in India. If Indiais now on the action agenda of everymajor multinational company in theworld, much of the credit devolves onthe CII-WEF partnership10 | November 2009 Communiqué
partnershipThe unique partnership between the World EconomicForum and the Confederation of Indian Industry,has sustained over three decades, amidst theepochal transformation of the world order, internationalbusiness, and the economic changes of India.The exceptional joint venture has brought about agreater understanding of India and Indian industry tothe rest of the world. It was a catalyst in the openingof the Indian economy to the outside world, and helpedevolve the blueprint for the growth and development ofIndia over the years.The BeginningThe World Economic Forum was started in 1971, thebrainchild of business professor Klaus Schwab fromSwitzerland. Beginning as the European Foundationfor Management, the Forum, by the end of a decade,became a meeting ground for top businessmen andpolitical leaders as well as intellectuals and media.Increasingly, the meetings debated the state of the globaleconomy and the way to alleviate age-old scourges suchas poverty. Since the WEF was impartial and apolitical,its deliberations and suggestions were perceived asobjective and unprejudiced by policy-makers. As itsinfluence on policy matters across Europe and USAgrew, the Forum expanded its horizons. It looked atChina in 1979. Next, India was a natural choice.In the 1970s, India’s economic growth had been dentedby diverse crisis situations, such as the 1971 warwith Pakistan, drought, and the declaration of internalemergency in 1975. The later part of the decade sawseveral changes in government and, consequently,economic policy. In this uncertain atmosphere, GDPgrowth hovered near the average of 3.5% per annumthat the country had achieved since Independence.For private enterprise, the environment for doing businesswas restricted by the Government’s preoccupationwith establishing the foundations for basic and heavyindustries, in a socialist form of development that gaveprimacy to the public sector. Private companies hadto obtain licenses for manufacturing new products orexpanding existing factories in order to ensure equitabledistribution of scarce resources.A foreign exchange shortfall made the country increasinglyisolated from the rest of the world. The lack of anindustrial base to produce exportable goods meant thatimports were totally prohibited or canalized throughgovernment agencies, or possible only through a long andcumbersome licensing procedure. Overseas companiesCommuniqué November 2009 | 11
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Page 9 and 10: partnershipnurtured and cultivated
Page 11 and 12: cover storyevent25th India Economic
Page 13 and 14: eventShumeet Banerji, CEO,Booz & Co
Page 15 and 16: trade windspartnershipTrade relatio
Page 17 and 18: economyanalysisIndia’s Monetary P
Page 19 and 20: economysurveyBusiness Confidence Up
Page 21 and 22: agriculture & food processingsector
Page 23 and 24: agriculture & food processingIndo-U
Page 25 and 26: energyups and form a consortium tow
Page 27 and 28: competitivenesstowards excellenceEf
Page 29 and 30: green businessremarks, said that cu
Page 31 and 32: qualityWorld Food Day celebration i
Page 33 and 34: qualityCII-IRCTC PartnershipThe CII
Page 35 and 36: qualityQuality in EducationOof a na
Page 37 and 38: qualitysoftware technicians to meet
Page 39 and 40: surveyMSMEsEconomic Upturn for MSME
Page 41 and 42: manufacturing servicescoalCoal Mini
Page 43 and 44: tech trackautomobilesAutomotive R&D
Page 45 and 46: development initiativesDevelopment
Page 47 and 48: YiLaunch of the Yi Chapter in Raipu
Page 49 and 50: eportXia Ming, Vice President, CCPI
Page 51 and 52: eportBrunei signed an agreement wit
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eportChina and India moved up to 44
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eportMohamed Faizal, Asst Director
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eportMiddle East & the GulfIranA 10
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eportSAARCMaldivesContinuing its en
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eportChandrajit Banerjee, Director
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EastOrissaExcon Road Show7 October:
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egionsNorthChandigarhSession with G
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egionsstate. To resolve issues and
Page 69 and 70:
egionsgovernment officials includin
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egionsBank, International Monetary
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