A RETROSPECT ndia is now the centre of attraction for the world The Summit directed sharp focus on the business economy and very much on the path to become opportunities that stem from the Government’s thrust driver of global economy. It has demonstrated its on Industry 4.0, accelerated physical infrastructure ability to reconstruct new forms of partnership development, integration of Indian industry with the global with the world. The Prime Minister’s visits to a value chains, skill development for the future, startups Inumber of countries across different continents indicate promotion, among other key areas. a renewed focus of the present government to redefine foreign policy. In addition, the “Act East” policy; “Connect Inaugural Session Central Asia” policy; FTAs with ASEAN; negotiation for Inaugurating CII’s Partnership Summit, Mr M Venkaiah RCEP membership; a renewed focus on the neighbourhood Naidu, Hon’ble Vice President of the Republic of policy; etc. further signify the foresightedness and ability to India highlighted the rapid pace being observed for comprehend specific economic priorities in India’s foreign implementation of reforms and attract investment in the economic policy. country with all levels of Government, be it at the Centre, To enunciate India’s growing importance in enhancing the State and Local levels. ‘Global Economic Landscape’ as well as its relative position In addition, he stated that India has emerged as one of in the new world economic order as the Global Growth the growing large economies in the world and the global Engine. The 24th edition of CII Partnership Summit - an outlook also looks brighter. Vital structural reforms like annual flagship event organized by the Confederation implementation of demonetization and GST have led of Indian Industry (CII) in association with the to an expansion of formal economy and brought about Department of Industrial Policy and Promotion increased tax compliance. The number of people, who (DIPP), Ministry of Commerce and Industry and had filed Income Tax returns increased from 6.47 crore the State Government of Andhra Pradesh was held in 2014-15 to 8.27 crore at the end of 2016-17. He also 24-26 February in Visakhapatnam. thanked the reforms initiated which embarked a decline Started in 1995, the summit is a global platform for in the Current Account Deficit from 1.5% to 0.5% and dialogue, deliberation and engagement among global leaders the fiscal deficit from 5.9% to 3.5%. from all walks of life, towards a greater understanding of In his address, Mr N Chandrababu Naidu, Chief the forces that are shaping our world, the challenges that Minister of Andhra Pradesh, said the Andhra Pradesh need global policy attention, and the responses that are Government is working towards ensuring that the state required to manage changes effectively. emerges as one among top 3 investment destinations Mr Suresh Prabhu, Hon’ble Minister of Commerce and in the country by the year 2022, the top investment Industry was the Chair of the Summit and the Summit destination with the highest per capita income by year was hosted by State Partner – Andhra Pradesh under the 2029, and a premier global investment destination by leadership of Mr N Chandrababu Naidu, Hon’ble Chief year 2050. Minister of Andhra Pradesh. CII PArtNerShIP SuMMIt 2018 (L-R): Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry; Ms Shobana Kamineni, President, Confederation of Indian Industry and Executive Vice Chairperson Apollo Hospitals Pvt Ltd; Mr Ashok Gajapathi Raju, Hon’ble Minister of Civil Aviation, Government of India; Mr N Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh; Mr M Venkaiah Naidu, Hon’ble Vice President of the Republic of India; Mr Suresh Prabhu, Hon’ble Minister of Commerce and Industry, Government of India; Mr Ramesh Abhishek, Secretary, Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce and Industry, Government of India; Mr Gautam Adani, Chairman, Adani Group, at the Inaugural Session Underlining Andhra Pradesh’s sustained double digit SGDP He assured the state government that the Centre will growth achieved in the last three years, the Chief Minister extend every support in helping Andhra Pradesh realise also stated that all key sectors – agriculture, industrial its true economic potential. and services – have received the concentrated attention Mr ramesh Abhishek, Secretary, Department of Industrial of the government. He cited that the state achieved over Policy & Promotion (DIPP), Ministry of Commerce & 25% growth in agriculture even in the phase of deficit Industry, Government of India, said the high level of rainfall, which pointed to the efficient water management participation in the Partnership Summit is emblematic of systems that have been instituted across Andhra Pradesh. the innumerable business opportunities that are available in In the next 5 years, Andhra Pradesh will see Rs 10 lakh the state of Andhra Pradesh. He made a special mention crore fresh investments and 20 lakh new jobs created, of the Innovation Centres that have come up in the state, the chief minister said. which he said would also draw the attention of a gamut Mr Suresh Prabhu, Minister for Commerce & Industry, of multinational companies. Government of India stated that Andhra Pradesh has Mr Gautam Adani, Chairman, Adani Group, highlighted overcome stiff challenges to become one of India’s fastest the investments potentials in Andhra Pradesh in the realms growing states. He added that the Centre is working of seaport infrastructure, renewal energy development, closely with Andhra Pradesh Government to develop the etc. The Adani Group will be developing the Bhavanapadu state as a major automobile manufacturing hub. port project in the state. The Minister stated that with the Government of Ms Shobana Kamineni, President, Confederation of India’s renewed focus on promoting labour - intensive Indian Industry (CII), said that India has a key role cut manufacturing sectors across the country, Andhra Pradesh out in the unravelling of Industry 4.0. Noting that India is will see accelerated development of sectors like gems & set to become a $5 trillion economy by year 2025, she jewellery manufacturing, agro exports, leather and footwear also said, it is vital to align the SME sector with global manufacturing, medical equipment manufacturing, among value chains. She added that Andhra Pradesh has the core others. Mr Prabhu said the focus would be on “design in strengths to emerge as a premier hub for knowledge- Andhra Pradesh”, as much as “Make in Andhra Pradesh”. based industries. 2 CII PASArteAN-IndiaNerSh ConnectivityIP SuMMI tSummit 2018 Mr Chandrajit Banerjee, Director General, Confederation globe. Pointing out that Andhra Pradesh was chalking of Indian Industry (CII), in his opening remarks said that the consistent double-digit growth, he said that in 2016-17 Summit, which was being organised in Visakhapatnam for the state GDP grew by 11.61% and in the first quarter the third consecutive year, is designed to provide a deep of 2017-18, the growth was 11.16%. He emphasised the understanding of the reforms process that are underway criticality of agriculture and added that Andhra Pradesh in the country, as also the role of states in realising the was poised to become a “global hub of aquaculture”. aspiration of the country’s 1.3 billion people. The Chief Minister said that Andhra Pradesh has set new benchmarks in water management. During the session, an MoU document was exchanged between Automotive Manufacturers Association of India An agreement was signed between Ms Anjali Joshi, Vice (ACMA), Society of Indian Automobile Manufacturers President, Google India and Mr Vijay Anand, Principal (SIAM) and Andhra Pradesh Economic Development Board Secretary, IT, Andhra Pradesh in the presence of the Chief to develop the automotive industry in the state. Minister to install wi-fi spots to link more than 25,000 Panchayats in the state. The session also witnessed the foundation stone laying ceremony for the Lulu International Convention Centre, Giving his special address at the session, Mr Ashok Hotel and Mall that will be established at the very place Gajapathi raju, Minister of Civil Aviation, Government where the Summit took place. The estimated cost of the of India, stated that it was refreshing to see a different project is expected to be around Rs 2000/- crore. way being followed by the Andhra Pradesh Government to conduct the summit as it was not only process transparent Plenary Session 1: “Sunrise Andhra but there was also a “higher conversion rate of MoUs Pradesh” to actual projects than most states at an average 29%, whereas it averaged 12%-17% in the other states of The Plenary Session on ‘Sunrise Andhra Pradesh’ India.” brought forth Chief Minister N Chandrababu Naidu’s avowed goal of making Andhra Pradesh the “happiest The session was also addressed by Mr Nara Lokesh, and most livable” state, not only in India but across the Minister for IT, Panchayati Raj and Rural Development, (L-R): Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry; Mr Mukesh Aghi, President, US-India Strategic Partnership Forum (USISPF), USA; Mr Nara Lokesh, Hon’ble Minister for Information Technology, Panchayati Raj and Rural Development, Government of Andhra Pradesh; Mr N. Amaranatha Reddy, Hon’ble Minister for Industries, Food Processing, Agri Business, Commerce, and Public Enterprises, Government of Andhra Pradesh; Mr N Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh; Mr Ashok Gajapathi Raju, Hon’ble Minister of Civil Aviation, Government of India; Mr Kenichi Yokoyama, Country Director, Asian Development Bank (ADB); Mr Kook Hyun Shim, MD & CEO, KIA Motors, India, at the Plenary Session 1: “Sunrise Andhra Pradesh” 3 CII PArtNerShIP SuMMIt 2018 Government of Andhra Pradesh, Mr Kenichi Yokoyama, to usher in the highest transparency and accountability Country Director, Asia Development Bank (ADB), Mr standards in governance and for speedy delivery of public Kook Hyun Shim, MD & CEO, Kia Motors, India, Mr services.