Few heavyweights at CII Partnership Summit

HYDERABAD: The ongoing two-day CII Partnership Summit, touted as the biggest biennial conference, seems to have run out of partners. Major companies from across the country were conspicuous by

Published: 13th January 2012 03:23 AM  |   Last Updated: 16th May 2012 06:13 PM   |  A+A-

HYDERABAD: The ongoing two-day CII Partnership Summit, touted as the biggest biennial conference, seems to have run out of partners. Major companies from across the country were conspicuous by their absence, as were international delegates.

The essence of CII’s signature summit is to showcase India’s potential, especially to foreign participants, as a viable destination for doing business and attract multisectoral investments. But Day one of the event largely witnessed signing of agreements between the state government and city-based companies from energy and power sectors.

Due to political uncertainty in 2010, Confederation of Indian Industry (CII) had to shift the venue for the summit from Hyderabad to Chennai. A miffed state government took it as a challenge to host the event in the city this year. The Summit is being jointly organised by the Union Ministry of Commerce, CII and the Government of AP with the theme, ‘New Age Innovation Partnerships’.

Though the organisers boasted of over 1,500 delegates from 43 countries, the absence of industry heavyweights, both from within the country and outside, was acute. According to chief minister N Kiran Kumar Reddy, the state stands at the forefront in key manufacturing sectors, including cement, steel, paper, pharmaceuticals and textiles apart from IT and biotechnology. Strangely, participation of industry representatives from these sectors was far and few.

While the state government took comfort in sharing prospective investments aggregating to a whopping Rs 5.55 lakh crore from about 233 companies with a potential employment creation of 4.7 lakh, the number of MoUs signed Thursday were just handful.

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp