By India Blooms News Service Dec 07, 2022
New Delhi/IBNS: Tata Sons Chairman N Chandrasekaran has been appointed by the government as the Chair of B20 India, the official G20 dialogue forum with the global business community.
N Chandrasekaran will lead the business agenda during Indias G20 Presidency.
The Confederation of Indian Industry (CII), Indias apex industry body, has been appointed as the B20 India Secretariat by the Government of India to lead the B20 India process.
CII assumed charge of the B20 India Secretariat on 1 December 2022, as Indias term as G20 President commenced.
Established in 2010, B20 is among the most prominent Engagement Groups in G20, with companies and business organizations as participants.
The B20 leads the process of galvanizing global business leaders for their views on issues of global economic and trade governance and speaks in a single voice for the entire G20 business community.
On his role as the Chair of the forum, Chandrasekaran stated, As India commences its leadership of B20 amid multiple global developments and transformations, the participation of businesses in global economic decision-making has never been more critical.
A renewed strategy for businesses to strengthen global collaborations will foster economic stability, progress and growth that is inclusive and sustainable, he stressed.
B20 India will take forward the global B20 agenda for equitable development and highlight solutions to G20 India for meeting the challenges of the future, he said.
CII President Sanjiv Bajaj and Chairman Managing Director, Bajaj Finserv said, As India takes over the G20 Presidency, Indian industrys proactive participation through the B20 India platform will contribute to the G20 dialogue and help develop a conducive environment for businesses to drive growth.
B20 India has identified priorities for deliberations under the theme R.A.I.S.E Responsible, Accelerated, Innovative, Sustainable, and Equitable Businesses.
About 100 business policy initiatives will be organized by CII under the B20 calendar across the country during the Presidency year.
Its agenda focuses on integration into global value chains and building trade resilience, innovation and RD, and skilling and mobility of workers, amongst others.
It will also prioritize financing growth and sustainable infrastructure, and financial inclusion. Energy, climate change and efficiency in utilization of resources will be an important part of the agenda, along with the digital transformation.
B20 India aims to catalyse business responsibility for sustainability, integrity compliance, and work towards business participation in Africas growth story as additional priorities. B20 India work will be conducted through Task Forces and Action Councils, which will develop consensus-based policy recommendations for the G20.
It will commence work on various taskforces and action councils after the inception meeting, scheduled on 22-24 January 2023, culminating into the B20 India Summit in August.