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Supachai Panitchpakdi, Secretary- General, UNCTAD, Switzerland, added that ‘it is important to further reform India’s economy so that the country can use trade to recover when the crisis eases.’ Supachai Panitchpakdi stressed that India has been one of the central and influential players in the multilateral trading system, a champion of developing country interests. India fought hard for development issues to be placed firmly and explicitly at the heart of the Doha trade agenda, and succeeded. He also underlined that the world economies have reached a critical time in these negotiations. ‘We need India’s constructive engagement and leadership to help guide theWTO talks towards a successful conclusion that would benefit all members.’

‘When markets dried up, India was quick to refocus its trade and marketing efforts in targeting regions not severely affected by the economic downturn such as Saudi Arabia and other Gulf economies’ 
Prince Abdullah bin Mosa'ad, Chairman, Saudi Paper Manufacturing Co, Saudi Arabia

Participants had a chance to learn from the State of Karnataka, one of India’s leading states.Murugesh R Nirani,Minister for Large & Medium Industries of Karnataka outlined his strategy for achieving high quantitative and qualitative growth. Karnataka has developed into India’s centre of IT and technology.Murugesh R Nirani explained to the participating business leaders how their respective governments will reshape the states’ agenda going forward.Martin Zeil, Deputy Minister President of Bavaria, stressed how important Karnataka is for Bavaria’s economic future – as the Bavarian hi-tech industry is a natural fit with India's emerging technology pioneers.‘We are glad to be involved with India – that’s were things happen right now,’ said Randolf Rodenstock, President, vbw, Germany.

Business leaders from over 20 countries, including CEOs from the Middle East, China, Latin America, Russia as well as Europe and North America came together for one and a half day retreat to debate the critical requirements for Indian firms to successfully expand their operations towards a global level-playing field.

The Horasis Global India Business Meeting was co-hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the State of Bavaria, with Messe München International and vbw (Bavarian Business Association), and supported by a group of private sector partners led by Baker & McKenzie and RAK Investment Authority.Amit Mitra, Secretary General, FICCI, told participants that ‘the Global India Business Meeting provides an excellent platform to discuss Indian firms’ strategies, challenges and contributions to overcome the global economic crisis and to develop into truly globalized corporations.’

Rahul Bajaj, Chairman, Bajaj Auto, with Hans Steininger, CEO, MT Aerospace His Royal Highness Prince Abdullah, Saudi Arabia, sharing his views on the global economic outlook
Minister Sharma and Minister Zeil Alan Hassenfeld, Chairman,Hasbro, in discussion with Hubert Burda, Chairman, Hubert Burda Media

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