Business-20 forum: Business-20 forum has important role to play; can be value adding for world: N Chandrasekaran

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Gandhinagar: Business-20 Forum Indian leaders have a unique opportunity and a very important role in shaping a value-added agenda for all G-20 countries and the rest of the world. B20 indian chair N Chandrasekaran said Monday.Business 20 (B20) is official G20 A forum for dialogue with the global business community. It is one of the G20’s most prominent engagement groups, with companies and business organizations participating.

In his speech at the B20 India launch conference here, Chandrasekaran is also chairman Tata Sandssaid during India’s leadership of the forum, various initiatives will be taken up in several areas, including global supply chains, creative skills, circular economy, digital transformation and financial inclusion.

“India is in a very unique position in the world and we see some moving parts.The B20 has a unique opportunity and a very important role to play while India leads the G20. is fulfilling.

According to Chandrasekaran, the industry association Confederation of Indian Industry (CⅡ) has been participating in some form of B20 forum for 12 years, starting in 2010.

“So we have had the opportunity to see[the B20’s]evolution and progress over the years and be able to relate that to the way the world works today so we can plan. It is very exciting to think about and could add value for all G20 countries or indeed not just India but the rest of the world,” he argued.

CII has been appointed by the Government of India as the B20 India Secretariat to lead the B20 India process. CII has assumed the post of Head of the B20 India Secretariat as his term as India’s G-20 Presidency commences on 1 December 2022.

Each year, the G20 presidency appoints a B20 chair. The B20 Chair is a prominent business her leader in the G20 host country and is supported by the B20 Sherpa and her B20 Secretariat. “I believe we can come up with many very impactful initiatives in this period,” Chandrasekaran said, adding that the Forum will accelerate, take responsibility, innovate and promote sustainability. He added that he would like to move forward.

He further said that the forum covered nine areas, of which seven specific task forces had been formed, while action groups had been formed for the remaining two.

“All seven task forces that we are focusing on are what the world needs right now and for decades to come,” Chandrasekaran said, adding that the first group is Global Supply Chains and Recovery. He added that it is in the way it brings power.

The second is about the future of work being redefined and new types of skills being recorded.

“So we put together the future of work and the skills that will be needed in the 21st century and the next decade: creative skills, collaboration skills and ways of working. We want to define it,” he added.

The third area concerns all UN sustainability goals, including circular economy, sustainability, energy transition, mobility, biodiversity and water management.

The fourth area is digital transformation. India has a strong track record not only in the information technology industry, but also in digital deployments in development programs and public service delivery. This has its own role, said Chandrasekaran.

“I want to show you what more we can do in India and what we can contribute to the world at large,” he added.

Other areas of focus during India’s leadership of the B20 include, in addition to specific areas, the revival of the global economy and what we can do together to kick-start the financial growth engine globally, R&D, financial inclusion, the environment. , social, and governance (ESG). African task force.

“We are confident that this will be a very exciting journey over the next few months. We are also confident that the G-20 countries will continue to do so for a long time to come,” Chandrasekaran said.

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