India will get special focus this weekend at the 2007 ASEAN Business and Investment Summit this year. The Confederation of Indian Industry (CII) is hosting the “India Lunch” where Dr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission will pitch for India on Saturday, 17th November coinciding with the '2007 ASEAN Business & Investment Summit' in Singapore.
This summit is an annual affair held just prior to the political summit by the host ASEAN country attracts high-level businessmen and senior economic officials from ASEAN and dialogue partner countries China, India, South Korea and Japan.
Mr N Kumar, Past President, CII and Vice Chairman, Sanmar Group who will represent Indian Industry at the Business Summit said “ASEAN provides Indian companies with exciting opportunities and we are working to capitalize on these opportunities and build lasting partnerships here”
He further added that “It is clear that the India-Asean Partnership is a win-win situation. India also brings to the partnership some unique comparative advantages and will broaden the range of complementarities.
For instance, all and Southeast Asian countries specialise in manufacturing and hardware capabilities, India's comparative advantage is more in services and software, and in knowledge-based manufacturing.
However, to fully enjoy these benefits measures should be put in place to eradicate the impediments standing in the way of full economic cooperation.”
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