Recession opens up opportunities for global partnerships

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Mumbai: “The world is em-erging from an economic crisis that has opened up vast new opportunities for global partnerships,” said Prithviraj Chauhan, Chief Minister, Maharashtra, at the 17th edition of the Confederation of Indian Industry’s flagship event, the Partnership Summit 2011.

“These opportunities include closer partnerships in social and economic development and trade and investment between India and other countries,” the Chief Minister elaborated at the summit, whose topic for this year is, ‘New partnerships for Economic Resurgence: The Global Imperative.’ The event has seen participation from scores of countries across the world.

This was directed at both Maharashtra and Mumbai. “Maharashtra has been the driver of India’s growth story, contributing 14 percent of  the national income and  nearly a fifth of the value of India’s industrial output leading in 18 out of 22 sectors,” he said adding, “The multi-billion dollar ‘Mumbai Makeover’ plan    presents tremendous opportunities for partnerships over the next few years in planning, investing in and executing large and innovative urban transport, housing, water supply, sewage disposal and energy projects.”

Anand Sharma, Minister of Commerce and Industry said, “The collective response in times of crisis has demonstrated the power of partnerships on a global scale. Whether it is the challenge of climate change or of global trade agreement, nations must act in unison.”

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