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The sun took a day off in Davos on the last two days, leaving the town wrapped in a grey shroud of cold and the ski resort shining with fresh snow. But within the World Economic Forum (WEF) Congress Centre and along the Promenade, the atmosphere was vibrant with energy and ideas, with leaders from over 130 countries, including heads of state, officials, and CEOs gathering to chart pathways for a collaborative future.
For me, Day two began with the CII Breakfast Session on “Driving Innovation and Talent,” where India’s emergence as a global hub for Global Capability Centres (GCCs) took the spotlight. Discussions underscored how India’s skilling initiatives are seamlessly aligning with global demands, reinforcing its position as a talent powerhouse.
Conversations at the Congress Centre revolved around climate finance, digital transformation, and the future of industries. Panels on sustainability and innovative financing tools underscored the urgency of collaborative action to tackle global challenges. In particular, deliberations on AI highlighted both its promise and challenges, with leaders discussing how AI can transform industries while raising ethical and regulatory questions. Strategies to address climate action, leverage technology and foster equitable economic growth were also discussed. Experts across panels underscored the importance of fostering global alliances to act faster on climate commitments, emphasising the role of industries in advancing sustainable and circular economies.
Meanwhile, the WeLead Lounge was buzzing with meaningful conversations in sessions like “Quantum Leadership: Women Redefining Networks to Shape the Future,” where thought leaders explored how women are reshaping industries. These themes aligned perfectly with the Accredited Session on Women at the Fulcrum of Global Economies, which emphasized the economic potential of gender inclusivity – a focus that resonates deeply with India’s commitment to fostering equitable development.
On Day three, the focus on India was even more pronounced at the Congress Centre with parleys on India’s Economic Blueprint and how we can continue to drive global growth. Praising India’s delivery of promises, H E Sultan Ahmed bin Sulayem, CEO of DP World, said India has a bigger chance for growth compared to China. “For me today, one of the most important markets is India”, he added.
Geopolitical tensions were a recurring theme, with discussions focusing on building resilient supply chains amid global uncertainties. Malaysian Prime Minister Anwar Ibrahim shared his vision for driving inclusive growth, while Spanish Prime Minister Pedro Sánchez spoke passionately about climate innovation and partnerships. Bringing the Indian perspective, Union Railways, Electronics & Information Technology Minister Ashwini Vaishnaw outlined India’s economic strategy based on the four crucial pillars of public investment in infrastructure; focus on innovation and manufacturing, inclusive growth, as well as simplification.
The week culminated with the much-anticipated CII India Reception – a must attend in the calendar of most – a signature blend of business networking and cultural celebration. These gatherings embody India’s presence here – global yet rooted, serious yet spirited.
(The writer is Director General, CII)
Published – January 23, 2025 09:46 pm IST
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Notes from Davos
