The 1st Indo-Pacific Business Summit held in July 2021 was a great success. The conference was attended by 15 Ministers from across the region, with 150 speakers discussing 3 days with 19 focused sessions. The Vietnam Trade Office in India organized an online booth to promote Vietnamese products and goods at this event.
The second edition of the Indian Ocean Business Summit will bring together top stakeholders, including government, business, policymakers and thought leaders to weigh in on a Some of the key pillars of the Indo-Pacific Oceans Initiative (IPOI) include (i) improving connectivity in the region (ii) accelerating investment in business sectors major and emerging economies in these economies, (iii) promote and facilitate trade, (iv) systematically identify and address issues/barriers to trade and investment flows bilateral investment, and (v) meet shared environmental and sustainability goals. The Summit will bring together Ministers, Business Leaders, Financial Institutions and Investment Authorities from the region to discuss strategic issues to further enhance economic participation. parties and provides a broader vision of the Indian government for long-term engagement in the Indo-Pacific region.
This year's summit will examine geostrategic and economic changes with a new focus on the Indo-Pacific region. The conference will focus on various aspects such as geopolitics and economics; trade and investment; building a green economy; the power of digital and connecting people across borders. Besides, there are discussion sessions on building investment capital flow for growth; new areas to expand India's economic participation; strong supply chain development; starting a business; health care; skill; Climate Change; green economy; current and future growth opportunities. India's bilateral trade with the 21 key economies of the Indo-Pacific region has increased about eightfold over the past 19 years, reaching $262 billion in 2020 from $33 billion in 2001. During this period, India's exports to these economies increased 7 times and India's imports from these economies witnessed an impressive growth of more than 10 times. By identifying an inclusive and sustainable, free and open Indo-Pacific as a key pillar of its global economic strategy, India is attempting to deepen its strategic, economic and international development partnerships in the region.
The challenges of the post-Covid world have broadened India's engagement with sectors beyond trade and investment to capture issues such as healthcare, climate change, digitalisation, and inclusive growth. boss. Trade and connectivity have become key to India's participation in the Indo-Pacific strategy. The industrial sector plays an important role in meeting the goals of the Indo-Pacific strategy. The Indo-Pacific Business Summit aims to unite industry efforts around a vision of a free, open and inclusive region, for the common goal of progress and prosperous. It builds on the dialogue initiated during the 1st Indo-Pacific Business Summit in 2021 to strengthen shared vision and strengthen partnerships for growth. The Vietnam Trade Office in India would like to invite interested businesses to register online at the website of the organizer: https://www.ciihive.in/Login.aspx?EventId=2ndIPBSUM, access http://www.indopacificsummit.com/ for more information or contact the Vietnam Trade Office in India, address B2/51 Safdarjung Enclave, New Delhi, Email: trade@vietnamembassydelhi.in ; in@moit.gov.vn.
Source: Vietnam Trade Office in India
