Formed in 2010, B20 functions as the official G20 platform for business community dialogues. It is a prominent G20 engagement group, with robust participation from companies and business organizations.
According to a senior government official, India will present its growth narrative to global CEOs attending the three-day B20 summit, which is scheduled to commence on August 25th. Prime Minister Narendra Modi is expected to join the global business leaders during the valedictory session of the B20 Summit on August 27.
Each year, the G20 Presidency appoints a B20 Chair (an eminent business leader from the G20 host country), who is supported by a B20 Sherpa and the B20 secretariat. Tata Sons Chairman N Chandrasekaran is the chair of B20 India.
"This will give us an opportunity to showcase India's growth story to the global CEOs," Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh told reporters while briefing the media about the summit.
He said that B20 will officially convey its final recommendations to the G20 Presidency during the B20 summit.
The recommendations will be across various domains, including fostering resilient global trade, workforce transformation, energy transition, digital transformation, financing for economic recovery, financial inclusion, and tech and innovation, he added. B20 operates through seven task forces and two action councils.
This year, India is steering pressing global issues with a sense of purpose as the G20 President amid a complex international environment. India’s outreach to the Voice of the Global South through a Summit in January 2023 showed our consultative and inclusive approach to chairing the G20. We are glad that the President of Vietnam participated in the leaders’ session of this Summit hosted by the Indian Prime Minister, Mr. Narendra Modi.
In 2022-23, the two countries celebrate 50 years of diplomatic relations between India and Vietnam but the steady friendship and solidarity between India and Vietnam under the exceptional leadership of President Ho Chi Minh goes back decades before the formalization of our diplomatic ties in 1972. Over the last seven decades, the two countries navigated their national journeys of growth and development while the international equations evolved continuously, but the India-Vietnam friendship continues continuously regardless of these changes and it was denominated in 2016 as a “Comprehensive Strategic Partnership”.
The sound path of progress of India and Vietnam is marked by the strength of their national character, people-level affinity and aspirations, and convergences of their international perspectives all point to a prosperous future of friendship and collaboration between the two nations.
