The Government of India has appointed CII as the B20 India Secretariat, which took over on December 1 and will lead the B20 India process.
N Chandrasekaran, Chairman of Tata Sons, has been chosen Chair of B20 India, which represents the whole G20 business community. During India’s G20 presidency, Chandrasekaran will steer the corporate agenda.
The Government of India has appointed CII as the B20 India Secretariat, which took over on December 1 and will lead the B20 India process.
Regarding the nomination, Chandrasekaran stated that as India began its B20 leadership amid many global events and transformations, corporate engagement in global economic decision-making has never been more vital.
According to his statement, a fresh approach for firms to deepen global cooperation would generate inclusive and sustainable economic stability, development, and growth.
According to an official announcement from the Confederation of Indian Industry (CII), B20 India will begin work on several taskforces and action councils following the genesis conference on 22-24 January 2023, culminating in the B20 India Summit in August.
The B20 leads the process of rallying global business leaders around issues of global economic and trade governance, speaking with a single voice on behalf of the entire G-20 business community.
The CII took over the B20 India Secretariat on December 1, 2022, when India’s term as G-20 President began.
B20, which was founded in 2010, is one of the most visible participation groups in the G-20, including enterprises and business organisations as members.The B20 leads the process of galvanising global business leaders for their views on issues of global economic and trade governance and speaks in a single voice for the entire G-20 business community.
“As India begins its B20 presidency in the midst of numerous global developments and transformations, business participation in global economic decision-making is not any more critical,” Chandrasekaran said.
“We believe that even a renewed strategy for businesses to enhance global collaborative projects will foster sustainable economic stability, progress, and growth,” he added.
According to Mr. Chandrasekaran, B20 India will advance the worldwide B20 agenda for fair development and proposes solutions to the G-20 for trying to overcome future issues.
“B20 has been essential in influencing economic policy statements by the G-20 grouping over the years,” said Sanjiv Bajaj, Head of State, CII, and Chairman & Managing Director, Bajaj Finserv Limited. “As India takes over the G-20 Presidency, Indian industry’s proactive participation through the B20 India platform will contribute to the G-20 dialogue and help develop a conducive environment for businesses to drive growth.”