>>Your Excellencies, ladies and gentlemen,
dear friends, members of the World
Economic Forum, we are at the end of our two days meeting, it was very intense. And it is a great
pleasure to have the co-chairs assembled again
to share with us some experiences,
impressions. And we have also you, Madam Prime
Minister, you are here. Since two days. I would say very
intensively what we are doing. This is a moment to
greet you officially and it is for me a pleasure to
have you here. You are Prime Minister heading a country for 10 years, which in 10 years
has tripled its GDP . There is no social
progress without economic development and now economic
development , no sustainable economic
development without social progress. I think you
have achieved . Put into practice this formula to have strong
economic growth and at the same time
you have addressed many of the
social issues . Substantially reduced
poverty levels, you have made sure that you create much greater gender parity. So please join me in honouring Madam Prime Minister. (Applause)>>And then of course deputy prime minister, you opens but I am pleased you
are back here. I know you had very strong programs the last two days. Not only here but officially , so thank you for
joining again. And of course we have our
business side , Gillian Tans , who is the chairwoman of the booking club. Not everybody knows what successive
failures. I heard it is valued
at the stock exchange with 90 billion
with $90 billion. It is super , super unique. And our friends Shobana Kamineni . Executive vice president of the Apollo , and Shailendra Singh is , managing director of capital in the air. Now, Prime Minister. Let me turn to you. What is actually successful with Bangladesh , you are a country that has no real
natural resources , maybe except
its people. It is a bit like
Switzerland, we talked yesterday
about it. How could your chief . To be successful economically , everyone is envying you. At the same time
addressing all the social issues. What is success?>>Distinguishable chair, ladies and gentlemen, very good afternoon. First of all, I compliment you and
thank you very much. I can see a difference
here , 3+3 , and. ‘s>>We are observing this, write? Thank you very much. The world is something . Now I am feeling very encouraged. So in future, I will try to do . OK, thank you very much. In 1971, my father made a call to stand up for their freedom and independence. It was the power
of people , he loved them. To sustain development , it has to get connected with neighbours and go together. Back in 1972 he declared in Calcutta that, I quote, ” We will co-operate with all in establishing
peace in South Asia, in order to live
side by side as good neighbours and pursue constructive
policies for the benefits
of our people.” So people , in his mind, people are the first. In the country,
the whole country, almost 82% of people living under poverty level. So he wanted
to give them a better life. Poverty free,
hunger free, and that is why he did that , side-by-side, he wanted to have
friendly relationships with everybody. So foreign policy, he declared
French at all. Malice to none. – – French at all. Economic development. We were inspired by him. I can tell you, I was involved
in politics , since school, college life. We had to fight . And everything,
for our language, education right,
everything. I never thought I would take such
a big responsibility for a country of party. As you know, my father could not complete this task . 1975 , August, my family except my younger
sister and myself , are brutally murdered , my father, mother,
three brothers will stop my two sisters. And also my uncle , other relatives. Almost 18 members of my
family were brutally murdered. Unfortunately my sister and myself,
we were abroad that time. I say unfortunately
because , as you understand, maybe who lost their
nearest and dearest , only they could
understand. When you have
lost everybody then it is a
difficult time . From there to India, we were not able to go
back to our country. We were not allowed
to return home. After six years my party elected me. With the support of people, I
return home. And there was
another thing , other killers , they have never
been punished. Issued indemnity to protect the killer and the killers were three – fr ee and many of them . You know, different country. Diplomatic job or insight , forming their party. So under this , I returned home. I thought that my father delivered to
the country, he wanted this country. So taking all the risk I thought I should try. I should work. I enjoy people support,
common people support, that was my
main strength. So from him , actually, we
were inspired. Then as a political
party we prepare the economic policy, if we go to
power, what to do, how to work and develop
our country. So we were prepared. So whenever I
came to power, immediately we started taking all the issues and news of people , food, shelter,
education , healthcare , all of these priorities. So, because we had our big plan and. What to do. That is where
it started. I believe that in the neighbouring
countries we have very good
relationships and we started cooperation with other countries
also. Experienced from other countries. And that is how it started. Inspired by my father’s visionary ideas and by his belief in shared prosperity through shared
responsibility, we continued resources to the country, set it up. Bangladesh , India, N e pal connectivity. C IM, Bangladesh, China , my MR. So we can establish connectivity , our part with each other and increase trade. We have seen many
lofty ideals , initiatives. Some succeeded, others
could not deliver. world, and that can start
right down to the basics. We must strive to secure
peace and harmony for every individual across
our societies. We must move beyond the majority and
minority mindset. Pluralism has been the
strength of South Asia . So, we should be able to deliver South
Asia’s diversity . This is fundamental. Secondly, we must ensure that inequality across societies do not widen or foster growth. We should be inclusive and must reach down to the bottom layers. Whatever plan we prepare, it should come from the
grassroots level, from the rural areas. They should get
first priority. Less-developed countries should not get
left behind. We must deliver the demands
of our youth. We need to hold hands of
others across south Asia with our knowledge,
experience . Thirdly, each will trust and
mutual respect between all countries are key. We need to get over
misperceptions and false apprehensions. Bangladesh has
consistently been contributing to
international peace and security . This approach helps us in maintaining good
relationships with all countries. In 1996, Bangladesh was sharing River
water with India. We broken down our maritime barriers. We are buying
power from India through grid connections. Culture is essential
across all politics. On the other hand,
our private sectors compete with each other on a transparent
and fair basis. We must manage our
geopolitical realities through
friendship . Let us appreciate
and balance political realities for the interest
of all people. We cannot trade off
long drawn in since for short term gains. They speak include by
saying that south Asia must emerge as a
connected, friendly, competitive region that
is ready to build bridges with
other regions. And as you know, we have 1.1 million. Even then, we started conversations
with me are. We started a
call with them because I always give
priority that poverty is our
main enemy. Whenever we talk, we have to talk
about it. Our enemy is poverty. That is work together . I feel that this is my
responsibility to assist my people to come
out from that poverty level. I reduce the
poverty level because it is 21%, but
I have targeted a plan that it should
come down to 16 or 17% , but gradually
less than that. There will be
no poverty. Now, we achieve 8.1%. Our economic policy,
our budget and all the programs of development, we always adapt
it according to our countries geographical or . People’s conditions. We prepare it in terms
of which area should be a priority. What we should
do so that our country can be
the beneficiary. The power of people
increased , 1900 , US$1900. It was almost 2000, and another thing which
is most important , that the confidence
building that our people. There was a time where they used to
think that every time they use to extend
the hand how to get help. You should work yourself
so you can stand by yourself and you can come
out from the poverty and we can do it, but
we are encouraging them . It means they should
have confidence. That is very important,
and also, they should have
the visual element that
we should do. We need to look at
where we want to go. That is what I encourage
for our people. So I can tell
you one thing. We don’t have any
resources, that is true. Resources are very
limited, but we have manpower. So, if I can. If we can combine this
together, I feel that we can use this and make it
work and achieve. Thank you.>>If I would just
summarise what you said , I think it is
the dedication you have given in the
tradition of your father. It is a policy which
is bottom-up , and I think the key
is to give people the confidence in their own
future, not only the confidence but
also the means to construct their
own future. I will come back to you,
Madam Prime Minister, but I am turning to the Deputy Prime
Minister and Finance Minister of Singapore. Singapore is playing an important role
in the region. I ask you a very sensitive question , but there was a lot
of discussion in the corridors around
the two circles . The world will organise
itself into circles if we take the
present trend. This decoupling of the supply chains and
so on and so on, you mentioned yourself in
the opening statement , but I want to go a
little bit deeper. What does it mean,
actually, for South Asia ? You could make the
argument, if you look at the gross potential, the
population, that actually, the countries together
with India and they could produce a third circle
because you have more populations than any
other region in the world, and you are already the fastest
growing region, so how do you see
the positioning of South Asia in this possibly newly evolving global context?>>Thank you for your very
interesting question, is very important question. Let me thank you for
inviting me to this forum and to co-chair
this summit . We had a most inspiring
account from the Prime Minister of your long journey , and how badly . has
developed and grown so well over the years. Your question about
what we can do, we have a population of over 2 billion people . It has a very youthful
population in most parts, a very
hard-working people, and we are now getting
the basics in much better
shape than it was 50 years ago. So, opportunities
for this development is very significant. So, what can we do? We should look for ways
in which we can more closely integrate
the economy is of south-east Asia. I would like very much to look at the
comment of shared prosperity and shared
responsibility. I think you captured the
essence of it very well. By working together, we
can create prosperity, and by working together,
we can come together to deal with the issues
that all of us face. All over the world,
we face these issues, whether it is climate
change, global warming, poverty reduction , and I think the
opportunities for doing that has been enhanced significantly
with the fourth industrial revolution
that is happening. In this part of the
world, we see very strong interest in the
use of digital technology . We had an interesting
discussion yesterday on this , and India is at
the forefront of this digital revolution with a very big talent
pool, together with south Asia , and I think there is
a lot that we can do together. So the question is,
how can we do this? Firstly, we need to
create the framework for the corporation. We build on each other’s
strength, and when we create the framework , in the form of
trade agreements , in projects, regional
projects, we can then enable our businesses to take it up and carry
out the planning into fruition. So, that is one area
that we can do. Secondly, I think we can think about how
we make full use of the strengths
of our people. That is where the fact
that we have such a youthful population
is a plus for many parts of South Asia
and Southeast Asia. What is very important
for us is to be devote resources to the
education of our people. In this age of the
fourth Industrial Revolution, being able
to keep up with technological changes
will be very important. In fact, when I was
education Minister and I used to meet our children
in school and I would save would you like to be the
one replaced by the robots or the one to
invent and program the robot? Of course, the answer is.
The kids will say they want to invent
the robot. I believe that, by focusing on
education, we can allow them to do this
much better. And not only
to do it alone but to do it as a team , so I was speaking to
the Prime Minister early today, and he was the
guest of honour , and many students
from all over Asia were participating in this, and he said he
was very impressed with the number of bright , young people looking at
how they can master the technology, and I said
this is a great area for collaboration between
South Asia and Southeast Asia. So, we have to work
together and see how we can enhance our education
system, whether it is in programming
or in technical training, or even in the
very basic 10 or 12 years of basic education so that everyone has the
fundamentals to write on the new wave
of change. We can work together by making full use
of the technology. It is not just about . It has to be
human centric . We have to think about
how we can use technology, in
particular, information technology, to
empower people , to enable people,
to acknowledge the tide of our people
so we can do it even better, and in that way,
we can make better use of resources. And also, technology not
just in the IT area. I had an interesting
discussion with the Prime Minister just now. We were talking
about using floating. Without having to add
fertiliser, without worrying
about irrigation. You float the vegetables
on the water. These are areas she was explaining to me about the R&D effort you have put into
agriculture. In every sphere
of activity, if we put . Encourage scientists to do research,
development and innovation, I think many new ways
of doing things and evolve. That will allow us to
meet our needs even better in the
coming years. So let’s focus on
developing our people, research innovation. And, of course, creating new ways
of doing things . Been very much involved
in this, how do you find new businesses,
booking.com is a way of making
better use of existing resources that . Using it more attentively. Intensively. And bringing healthcare
to so many people, it is quite a
breakthrough. Just then a small
circle, you see how much can be done and everyone
in this room has even more ideas on what we can
do together. Now, what is very important is also to promote a deeper understanding of our strengths. In Singapore, we try
very hard to do this. We have several
institutes in our University, University
of South Asian studies, the University of
South Asian studies , we have renamed . After the first
president. It is doing
very good word . Works and we hope them to do other work in South
Asia, East Asia, and combining the world . We have competitiveness Institute to look at how we can
build on the strengths of each other and make Asia more
competitive. By doing that, we can be better in the
way we use resources, develop and
great people. Those are the
opportunities that I believe
are there. We also need
to make sure our businesses, the
basic units of organisations and many of these
activities are able to collaborate even better
and as governments we can help to build a framework , create an enabling environment,
educate people, invest in R&D and encourage businesses to adopt good practices to collaborate
across borders and we can do
it all together.>>Thank you, five. If I had the revolution, I would
concentrate on two areas. Education and
agriculture. We underestimate the impact of
technologies on those two areas. In my opinion, we have a real evolution
in both areas in agriculture and
an education. So much is needed. You were mentioned,
Shailendra, is the region. I think of South Asia and Southeast Asia, is the region really
increasing and what would you
suggest in order to go further, what is
still missing?>>Think you . It is an honour
to be here. And the part of
the India summit. Honourable Prime
Minister, your progress in
Bangladesh is so inspiring. The Minister and
I have had a chance to have some discussions on this topic. And the examples
are so inspiring. On this topic, I feel
we are very lucky that this region
is broadly industrialising in the new internet era, where there are seven,
800 million active users already just in India, South
Asia, Southeast Asia , in that order
of magnitude. We have the world’s
cheapest bandwidth in
this region, the world’s most
advanced payment infrastructure
in the region, UPI in India and
other countries. We live in a Cloud
Computing, it is people who can start businesses easily, we have new
entrepreneurs and engineers who can start
businesses quite easy. Not only all of that,
we have all of these phenomena is called
app stores, seamlessly around the
world below cost. We live in a time where it is
extraordinarily easy for founders to start and
grow companies. There is a market
locally in this region that has not existed
in the past. We feel it is a
really incredible time period for India, South Asia,
Southeast Asia, all these regions. We see innovation
across sectors and especially two or
three sectors come to mind. One of which is the
first and most important, financial
services, financial inclusion, enabled
through the UPEI in India and other similar
efforts in other markets, to the wallets that are
growing rapidly in Indonesia and other
countries. This is really powerful. Hundreds of millions
of people who did not have access
to financial services in the past , data is being generated
on their financial history, transactions
and so forth. Credit can get enabled, micro-insurance products
coming to the market. We feel that is the
beginning for social impact. We think engineering is a course, in India, the fact that we
produce amongst the world’s largest
engineers. Other countries
in the region probably should try
to emulate that. And maybe overinvested
in that. From our vantage point,
we think in the fourth Industrial
Revolution, talent will be a great
source of competitive advantage for nations in
the next 10, 20 years. India has an opportunity
to double down. In Southeast Asia, we
could collaborate a lot more on that in the
next several years. And I think all over this region, there are tens of
millions of small and medium enterprises. One of the exciting
things we see is they are adopting
technology. They’re using software
as a service product, from the App Store, use
digital payments, you various platforms and
there any software platforms. Software platforms
for pharmacies, but small clinics,
medical clinics, platforms for hyper
local services like plumbers,
carpenters. Across tens
of millions of SMEs, they are getting
their first Labour will touch of technology
in this region. It is a powerful,
enabling trends deep-rooted into society. From our point, these are big drivers , and ableism the formal
technology or impacting society very positively. What can be done better? It is still day zero,
we are super early, we are beginning to have an early flavour of what
technology can do. I think we are
leapfrogging, most of these nations are not so
industrialised in the past. I think that is extremely
exciting. And lots more
to be done.>>Thank you. Show banner, you are a relatively
large company. Everybody has start-ups,
the young generation and so on. I heard there is a
certain Barossa to a large companies , you see so much
new competitions , they have to deal with . More with this and so on. How do you feel? Coming here since
35 years, I have been one change , there was quite some
facility at the beginning when I came
here against businesses such, to express it in a polite way. How do you see the
situation today?>>First of all, these are
great forums to debate what is going on in the
country and our region and there is
a lot of Frank , free debate. It is good that . Definitely different
views. If you ask me
in one word what industry
across this region, maybe across
the world, is doing , what we should do, holding our nerve. We have to hold on
there for a while. We are seeing some
real seismic changes and I know that
one of the things , there was a debate on, is it about the
stakeholders or shareholders or public. And 10 years ago it
would have been very clear that you
were serving , offering service and also had economic interest. All of a sudden, there
are a bunch of people willing to give away
Medicines Act 40% and give you almost
everything free, is that a business model? These things traditional
businesses are starting to learn. We have to reinvent
ourselves. We are holding
our nerve. I think it is exciting, we have to revisit the fundamental tenants of what people want. I think this will bring
stronger industry, we have to understand
from within. The way I deliver
healthcare, maybe I have to do it differently. Disoriented people will
take more charge and come and ask our doctors. It has to be on demand
when they want it. Not when we are
available, when a doctor is available. It has to be 24 seven,
more ubiquitous. That is what
Amazon said. You are more terrified of someone who can give
you service better than what you
were giving. Everyone is stepping
up to that. The second major change
that I’m seeing is none of us can
do our business and solution without thinking of what is our impact
on the environment. Even in India. We’re looking at that
and say we making sure we’re doing the
right things. Many business models
are changing. We are taking
the way things we have to. This is a big impact
across the world and whether it
is the smallest, even in the villages
they are thinking what is it we need to do to conserve water or use less fertiliser, given they are thinking
about organic . So these are the
fundamental shifts taking place. Businesses such, we are
going through such a transformation. I think it will
start emerging, the people burning money without a business model will be asked what his accountability and those that have been doing traditional businesses will be asked to say how are you changing and digitising and using all the
tools available to serve your customers
better. Maybe that is the fourth
Industrial Revolution, the convergence and generalisation of
everything in business and so India is
extremely exciting because we put all
of this together and we absorbed
very fast. That’s testing ground is not 1 million
people, 10 million, it is 1 billion
people we can test. We can do stuff
that scale. And this is something , when the Prime
Minister gives this mandate that sees . All of us say, the pricing is not going to work. Then we went back and said what we need
to do to make it work. Maybe models
will come up. We cannot afford
not to fail. We cannot afford for our country not
to be that 5 trillion for our country not to
be that $5 trillion of aspiration. The trust of that
is just too much. If you ask me again, I say we are all holding our nerve. (Applause)>>You fully support cooperation, excesses have a
financial, sound basis and at the same time it is a challenge
that each big and. Enterprise to combine
social responsibilities, it has a social mission with financial
sustainability. Now, we have not only newcomers, we have platform
companies , a successful one. Gillian. You came here and you came
from Amsterdam. Now you have spent
two days here. I must say, I am very
impressed that the primers to know so much
about agriculture. Based on your discussion,
what are the negative and
positive impressions you go home with?>>The biggest positive
will be hearing that something I personally
felt by being here. If you think about travel,
it brings economic growth, but also
cultural exchange and I think that is why
these kinds of sessions bring people together,
or even if you look at destinations in India. It is a very important
factor of travel, that people shouldn’t forget
that, and that is something I really value
in terms of being here for the past two days. I spoke about travel and
tourism being 10% of global GDP, but in many
markets, it is only the beginning. There is so much growth,
so much opportunity for economic growth, opportunity for more
jobs, and it was nice to see all the connections
with companies that are out working very hard to
build the supply that is needed to build the
connections, to make sure that second and
third cities can be visited as well, and you
see also a lot of parts have good examples. Lowering a certain tax
helps, so there is a lot of positive movement to
really see how we can reach these ambitions. The Deputy Prime
Minister of Singapore also mentioned how
important interregional connections are, and
that is something that you hear back and forwards in
travel and tourism as well. Then, if you think
about people of all explorers, and you also see the travel
and tourism really is a catalyst for
entrepreneurial ship and I have met many entrepreneurs who
are showcasing that which is nice to see, and then, also, with these
ambitions, you are really working
together with governments and companies
that operate in travel and tourism
which is super crucial to reach these
ambitions. There were many
conversations that there is still a lot of
red tape to make sure these ambitions
can be reached. Another discussion which
gets a lot of attention is sustainability. I think the Minister of
the Maldives was talking about the issues
that are around sea levels. Actually, everyone needs
to start thinking about how we can start looking at that, how
we can make a change, and I explained that this is very important. Also, if you think about
technology, this will be the
future of travel. I think you can check in
through the app . The future . Technology will improve
the experience.>>Thank you very much. May I come back to you , Madam Prime Minister? Traditionally. Your
country is the linking him between south Asia and the
rest of Asia. If you look at geography , usually the
interconnectivity goes north-south and
not so much in a horizontal way. A new country would be
in the centre if a more horizontal approach
started. Do you see the chance for big interregional
projects in terms of railways, highways
and so on, to create the
connectivity between the countries and coming up to India. I will first ask you , Madam Prime Minister.>>I always think
about it. Because of geographical
situations, I believe that Bangladesh can be the link between
East and West, and in our region, including China
and all countries, so nowadays, I am really
given more importance to all our south-east
Asian countries so we can increase with more
trade business, and as you know, we have taken some
steps to establish Asian highways and
railway connectivity . I really appreciate that,
that it will open a door for us, and it
is very important. I believe that, if
we join together all these areas, we have
a huge population. If you count
from China to all South East countries
and south-east Asian countries, altogether,
maybe 4 billion people
will be there. So, it is a huge market. And some of our
countries are very resourceful, but some of
our countries we have overpopulated. Some have less
population, but all resources . I think with our joint
collaboration and plan, we can develop ourselves
very quickly, and by the desk and play a role
to create connectivity. I am building an
international airport especially on the international air
route, so from East to West, or people wanting to
travel from East to West or West to East or North,
South, Bangladesh can be the hub. It is the centre of
connectivity, and that will open a new door,
and all the resources. We are educating
our children. A farmer’s son
or daughter , they don’t want
to go back to cultivate things, but they are searching
for new jobs, and also the technical
trainee. It is very important. Our agriculture,
we cannot carry on with the same system. We should go for
mechanical systems so that we can
use it, and also, we already have
established connectivity about the broadband
connection. We have online technical works, and also,
different diversities so that this is a must. I think all our
other countries . Even abroad. New technologies
are coming up, so we want to educate
our children so that they can adapt new techniques,
they can work . Also, diversification . Then we can do the trade
business that way, so Bangladesh has very
good opportunities, and as I mentioned,
we have signed some agreements with all
our neighbours. All the connectivity
we had in the past, somehow it was stopped in 1965,
but after that, I am also taking the
initiative to open the door. Online communication technology. Everything
is very important nowadays to improve trade,
business, training, everything. Thank you.>>Thank you , Madam. Prime Minister, you may
comment also on this question but I have an
additional question , and maybe it is the
last one because we are coming to an end
of our session. You could define two types today of capitalism , so one is state
capitalism, one is shareholder capitalism. I would say there is
something in between which I would call
stakeholder capitalism. I would even argue
that in the head long run, stakeholder
capitalism is the most sustainable, but I want
to hear your point of view because we have, to a certain
extent, competition of systems. But if you would first
comment on the connectivity issue.>>Thank you. I think we must think of
better ways in which we can connect with one
another, and whether it is . I was speaking to
someone the other day who is in the shipping
business. I asked if they
saw significant changes in the shipping
industry in the years ahead. Would it be better
if we build railways, air cargo , more efficient ways
of handling goods. See cargo is still the most energy-efficient because a huge container
can carry lots and lots of goods. So in that regard , we should build DBC
connectivity where you have ports and more
efficient ports for which we can bring
in a huge number of goods and services, so
we have to support the various things, and
in particular, how we can compliment these forms because this will become more
and more important. There is also scope for
us to think about how we can improve the system
because for exports of fresh food and
various seafood , meat or even
vegetables, you need a very good coaching , and today, within the
internet and additional technology, an efficient and
reliable coaching is very important. It is possible and
important, and if you think about the future, technology of the
blockchain improves, I think how we can ensure the providence of goods will be even more
important because to say that this product comes
from this particular place and has been properly
inspected, it is safe or human consumption, for
example, will be very valuable. And it was mentioned about
digital connectivity full stop I agree. Besides the movement of
people, the movement of data will be critical in a digital economy,
and in that regard, how do we ensure even better movement
of data across economies ?”, We should also think
about how we can link the movement of
data with the movement of goods. During the financial
crisis, I saw that all the cranes were
up, nothing was moving because trade finance
could not be done . Trade insurance could not
be done because nobody trusted anybody. It came to a standstill,
but today, with digital to the, we can assure the goods have gone to
the container. It is halfway to
the destination . You could pay 1:30 third or
whatever of the goods , and we don’t need to
be dependent, so the movement of goods and the movement of
information is important. So, we are experimenting
with this new platform called Network Flip. We wanted to do
experiments around the region where between two custom
authorities, they can link up the system and that Wilson provided
clearance of goods , simplify the payment of systems
and duties. Now, going back
to your question , I think what kind of
capitalism will be appropriate . I think that, at
the end of it, it is important for us . You characterise it as
stakeholder capitalism . It is important that the
economy system serves all stakeholders. Not just one group
or another group. And you made the comment
right at the beginning that you need economic
development and social development. He cannot have that
without other economic development. Economic development . We now look at
sustainable economic development and if you
look at the UN Sustainable Development
Goals, it actually encompasses the needs of
different stakeholders very well. You want capital to earn
a good return and it can be recycled. We want Labour to have a
good return so lives of people can improve. At the same time, while
doing all of that, we want to make sure that
the environment that is a silent stakeholder
is also taken care of. We are taking care not
just of the economic developing for ourselves
but for our future generations. How will our children’s
futures be affected by what we have done today,
and an action of our part today, that will
mean serious consequences for the
young many years down the road. So, we have to think
about this, we have to think about how we can take better care of the
environment, and in that regard, I was reading this
interesting book. It was called Convenient
Action. It is all about how
it was developed , the economy. If I could quote a line
from that book, he said let everyone prosper. Let every country
develop. This is not emphatic all . If we take responsible
actions , and Alex period shows
are creating a balance is not too inconvenient. So, I think.>>I think that is an
excellent way to conclude this panel
discussion. I think we have
seen here not only high
professional people, but when we listened
to your story , to your life story, I
think we have seen all the extraordinary personalities, so
thank you very much for the coaches, and
before we end, two things. Please express your
acknowledgement for the panel, and then
I will ask my colleague to give a short run-down of what we have achieved
during this meeting.>>Thank you so much . Thank you to the
distinguished panel . We have had such a
privilege to have you as our co-chairs and I think we are all very
touched by what you shared during
the session. Especially the history
of the Prime Minister , and her family. I think that has touched
us all, and you have the strength to take
the leadership after the terrible
things that happened with your family. But before I am going to
try to share with you some of the key outcomes
because this is not an ordinary meeting but a
summit with a purpose. The world economic Forum
is 50 years next year , our founder also underlined that our mission is creating help around the world,
but we have a very good partner here in India
and CII, and their CEO, I will give you
the floor. Then I will grab the
microphone back. This is the
33rd summit.>>Thank you. I would like to thank the professor. Your unstinting support
in India has been really phenomenal. Year after year, it was begging 33 days. You have come to India
year after year and you spend, this particular
summit, you are spending two days at the summit so
intently, and that is of great value and great
encouragement. We really compliment you
for this unstinted support to India. Thank you very much.>>Thank you.>>One big masterstroke
of yours was that, as the Prime Minister said,
it was creating this phenomenal co-chair with
dominance of women without hurting the
Deputy Prime Minister. This governments of
the women in this has created another
great event, and the content that was given to
this event through the co-chairs by making it a
focus on salvation, on the region, it’s self invention the conference
so much that we have 800+ people, very quality
people by dissipation from India and overseas
sticking around for the last two days. That has been a very
super out, this conference. Thanks to the coaches. I will now turn to
my very good friend . Thank you very much. Thank you for your
friendship, thank you for being there always. Thank you for your belief
in India and your understanding of CII, and
because of that, we have got through
many, many crisis over the last
few years. Thank you very much for
this unstinting support as well. Thank you. Now, I would like to
mention particularly to these people. They must be working. They have been like the
Rock of Gibraltar and they have been partners
in crime with CII with my colleagues at CII, and they have been of
great value, great support, and this
conference is of course you’re doing. He is still working
somewhere. You must be talking to
some ministers somewhere. There he is. What a phenomenal. And
the forums commitment to India with people being
there for such a long time, and the rigour
in the forum wouldn’t even
get increased. We look forward
to the 50th year in Davos in January. A very strong Indian
contingent, and we will go and beef looking forward to it,
and I would like to say that the 50th year of
Davos would also be the 100th year of CII so we
will obviously be looking forward to that.>>Thank you. Thank you for those
really warm words and when clouds initiated
the corporation in India 35 years ago, that was very important,
but today, the World Economic Forum is as
Indian as we are European and American. Not all organisations
can say that’s we will continue on that track,
and I think for the last two days, we have shown
the interactions here. Also, we have
shown that we can really get real results. We know the fourth
Industrial Revolution technologies from drones
to smart cities will help improve the lives
of citizens around the world, and we have really
walked the talk during these days. We will soon deliver
life-saving medical supplies to global
communities . They will begin a drug
delivery program builds on a world economic
Forum, and Apollo Hospital group
framework. Thank you. We also in — initiated a clean
fuel program, and there will be clean
fuel hailing 1 million airline passengers
between . Not the passengers
but the planes. Between Delhi and
Mumbai by 2030. That is 60 Spice Jet . They have joined the
world economic Forum’s clean skies for tomorrow
project, promoting the use of biofuels and
blended fuels for public/private partnerships. That makes a difference. People in Punjab will
soon be driving 100, to vehicle
corridors, part of a sustainable project with
the World Economic Forum is moving India
have forward. This is one example of
how India is accelerating off electric mobility
nationwide. We also have to work
relating to spot cities. Smart cities are no
longer a thing of science fiction. But how we collect and
use citizens data responsibly and
sustainably is the best
next hurdle. To help tackle this, the
Smart city’s mission India joined the G 20 Smart
city Alliance shared by the world economic Forum to establish universal
norms and guidelines for safe and responsible
implementation of Smart city technology. To support the Prime
Minister’s in the city of ending this, the forums
young global leaders, community will mobilise
over US$3.5 million in resources to finance
the urban sanitation ecosystem across 10 cities
in India. In collaboration with
population services International PSI. And the forums
global shapers. They are after the
flash initiative. You can look it up. That promotes a healthy
and sustainable urban sanitation system. No clean water without
fixing sanitation. All companies and
the Ministry for natural gas, the partner
of the world economic Forum and other private
sector groups to improve the quality of urban
servicing and create more economic
opportunities. So, these are
some examples. I think I could have
continued until six o’clock if I was going to
list all of them, but the purpose by mentioning
all of this is that we have been together in a
journey for the last two days on creating results,
so the mission of the forum being the
international organisation for public
and private corporation is to bring people
together like yourselves and take initiatives to
improve the state of the world. And I felt that the
community that we have here, what we have
achieved as part of the culture and the important
business partners in this region, that has
been very consequential. So again, thank
you for coaches. Thank you for professors for
leadership, but also thank you to my
colleagues, and I have to underline also
what CB mentioned , to our India director,
to all these people, and all the people who have
done an amazing job to my colleagues on the
managing board. We are very proud that
you have shown us the trust by participating
in our summit for these two days. And we will have a
reception out there and celebrate some of
the outcomes. So thank you very much.

Tagged : # #

100 thoughts on “Innovating for India: Strengthening South Asia, Impacting the World”

  1. Very Important for India that Sheikh Hasina's family remain in control – she & people who share her policies vision will cement partnership with India & grow. Problem facing Bangladesh is – Global Warming & loss of land. Some very innovative thinking perhaps like the Netherlands will eventually be needed & those will be huge expenses on the Govt. BTW The white guy doing the interview – is fitted with a suit 2 times too small – that button looked like it was ready to pop !

  2. Good law & order & Modern society is key to Economic development.
    Bangladesh has good commited women leading her Nation.
    Never knew bangladesh pm family was killed. Much Appreciations to her Courage.
    All Peace loving Nations of Subcotinent should Co-operate & prosper with sustainable growth.

  3. Bangladesh doesn't have natural resources? What is this guy talking about? It has far more natural resources than Switzerland. Most of the indian subcontinent has got good natural resources.

  4. Bangladesh PM wear sari,,,,and Indian lady wear something else,,,how we present our culture,,,this r the platform we should own our culture,,,I would love if she wear a sari,,, it's her choice but sari will be good choice,,,

  5. I m only worried about the fundamentalist islamist in Bangladesh who are still much in awe of Pakistan and want to kill Hindus

  6. She is true jewel, Bangladesh don't loose her. Leader like her born in decades. Her priority is to develop Bangladesh economically, educationally and make it a prosperous and de-Redicalised country. We people of BHARAT appreciate your achievements and pray for battery Bangladesh.

  7. In India you find garbage and litter strewn all over the place. why officers incharge of cleanliness not sacked ?????????

  8. Lots of countries can learn from Bangladesh specially our sour neighbour
    That nuclear tactics can't feed ur hungry people, Can't make u civilised modern developed instead it will push u more to stone age

  9. Under BJP. India is becoming Rapistan, Lynchistan, and Terroristan… and in next few years it will become HINDUSTAN with no place for minorities as BJP envisioned India.

  10. I love Bangladesh.
    She has ruled brutally and strictly supressed political opposition there. She rules as a dictator.

  11. ๐Ÿ†‚๐Ÿ†„๐Ÿ…ฟ๐Ÿ…ด๐Ÿ†๐Ÿ…ฟ๐Ÿ…พ๐Ÿ††๐Ÿ…ด๐Ÿ†
    ๐Ÿ…ธ๐Ÿ…ฝ๐Ÿ…ณ๐Ÿ…ธ๐Ÿ…ฐ ๐Ÿ’ž๐Ÿ‡ฎ๐Ÿ‡ณ

  12. when Bangladesh of government visited in India this time Bangladesh lost all and India found all
    I concern that
    and reply I concern that

  13. Many young Bangladeshis think Pakistanis hate them… Which is not true at all… 60 percent people of Pakistan are young. They were not even born… Now that we see the map it seemed stupid to have a one country with distance of thousands of kilometres. Also bhutto cheated on bangali people

  14. brave lady salute to you mrs president.someonr loses18 member of family so sad.i lost my father still i am missing him every time i think about him tears start coming like waterfall. i taught my life was over.

  15. Bangladesh is performing so well , it is already tagged as โ€œAsian Tigerโ€.
    But heyy , look where is Pakistan in this economic stage ? โ€œ Hum bum giradenge โ€œ

  16. Pak is only guy who have no platform to speak for their economy …may be next year onwards Taliban arrange one for them …Taliban khan organise that Nd Hafiz sayeed anchor it …talk about terriorist Nd their economy

  17. Happy to see friendship and win win cooperation between India and Bangladesh for mutual growth, prosperity and shared future..๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ง๐Ÿ‡ฉ๐Ÿ‡ง๐Ÿ‡ฉ๐Ÿ‡ง๐Ÿ‡ฉ๐Ÿ‡ง๐Ÿ‡ฉ๐Ÿ‡ง๐Ÿ‡ฉ

  18. I see Bangladesh and India in next 50 years as prosperous and open as Us and Canada,

    Our roots are same , we need to get back that Bengali Glory Bangladesh and India in next couple of decades will turn the tables of Asia.

    Joy Bangla
    Jai Hind

  19. Bango Bandhu were nice person and powerful also
    But his little fault and lack of awareness some of his members were started bullying people and looted a lot
    Bango Bandhu didnโ€™t take any action against his family members and wanted to rule alone the country like non republican states
    I hope Bango Bandhu could realize his little fault and he could make a better country very earlier
    But fortunately we have her daughter and she's trying her best except her political party and sub parties are really intolerable

  20. Good to see some talks about development and about changing the world for the better , rather than talking about " we both are nuclear " and what not .

  21. I sincerely wish respected Shiek Hasina, PM of our good neighbor Bangladesh, all the very best in making their country economically strong, so that no one from Bangladesh have to risk their life and try to come over to India again in search of better life, especially in the most vurnurable part of India, i.e. Northeast India ๐Ÿ™

  22. Saudi funded Wahabbism is eating up the liberal South Asian Islam in India, Bangladesh and Pakistan. Since 1947, minority population has dramatically reduced in Pakistan and Bangladesh. In India, muslim population has increased

  23. Seems nice to see Bangladesh ahead of Terrorist pakistan… Indian appreciate Bangladesh development n progress… Bangladesh is gud peaceful neighborโฃ๏ธ

  24. I don't believe in BD. As long as it is Islamic republic of Bangladesh its a dicey country. The constitution should remove Islam word until then its just a cousin of pakistan

  25. Sheikh Hasina is my country's leader. But, she is unelected, tyrant and diabollic. She crushes her opposition. She is power hungry and she is the most corrupt person living in Bangladesh. Sorry to say all these!but this is the truth. Hate from Bangladesh ๐Ÿ‡ง๐Ÿ‡ฉ๐Ÿ‡ง๐Ÿ‡ฉ๐Ÿ˜‘๐Ÿ˜‘๐Ÿ˜‘๐Ÿ˜‘

  26. We in Bangladesh under Hasina do not get any democratic rights. Rapes,Murders are very common in Bangladesh under the super vision of "Chatro league" (the student section of the ruling party). You see the fact is, the development you see in Bangladesh is a maky one and we in Bangladesh 60-75% people hate her for not being elected in a free fair election. She does elections by midnight election (29th dec. 2018) and "uncontested election" (5 January, 2014). So, you can easily understand the reason of her such low credibility among general masses of Bangladesh despite her development chanting!

  27. Reading from a written manuscript by someone else, one can easily apprehend she herself does not percieve/understand /keep in heart the concept of economic growth or development. A true, confident leader will never have to read a single line from a manuscript. Such shame! Hate from Bangladesh ๐Ÿ˜‘๐Ÿ˜‘๐Ÿ˜‘๐Ÿ‡ง๐Ÿ‡ฉ๐Ÿ‡ง๐Ÿ‡ฉ๐Ÿ‡ง๐Ÿ‡ฉ๐Ÿ‡ง๐Ÿ‡ฉ Sorry for not being proud of her!!

  28. Wow when ever rapest india need help they gave lolipop to bangladiesh ohh sorry if GDP really grow than why rapest india n bangladiesh people still living in poverty oh u can see only elite class people while if rapest india doent need bangladish they start acuccing banghladish people

  29. Irony is that majority of bangladesh population supports pakistan just becoz of islam but they don't know that pakistan was the asshole who illegally occupied bangladesh, murdered, raped 5000-6000 people of bangladesh and pak army held many bangladeshis as sex slaves. Only when india interrupted after bangladesh seeked for help, pakistan surrendered in 1971 and it is the largest surrender of any army till date. 93000 pak soldiers surrendered. And still bangladeshis support these pak assholes. ๐Ÿคฃ๐Ÿคฃ ms Hasina knows the history of her country but her countrymen are deluded in the love of their muslim brothers.

  30. Bangladesh and India Relationship Tention.
    Onion and Politics.
    India Banned Export to Bangladesh.
    Not All is well in India โŒ
    People Searching Biscuits and Fuel.
    Indian Foriegn and Economic Policies Failed.
    PM Bangladesh Haseena Wajid's Not Just Onion
    Lots of Problems with India and Bangladesh Coming Day's. In Future.๐Ÿ˜จ๐Ÿ™‰๐Ÿ˜ฐ
    Bangladesh Slip from Indian Modi BJP Government Hands.๐Ÿ๐Ÿฆ–๐Ÿš‘๐Ÿ”’
    Modi cannot Handle Assam Problems. โŒ
    1- ๐Ÿ‘‰Kashmir Get Freedom.
    2- ๐Ÿ‘‰Khalistan Get Freedom.
    3- ๐Ÿ‘‰Assam Get Freedom.
    4- ๐Ÿ‘‰ Mizo Ram Get Freedom.

    ๐Ÿ‘‰33 Million Hindu Bhagwan God's Not Help to Indian Modi BJP Government.โŒ
    India Not Have any Magic to Recover of Indian Economy within week. โŒ
    Indian Economy Crisis Deep Slow down. ๐Ÿ‘‡
    1- Auto Industry โŒ
    2- Taxtiles Industry โŒ
    3- Other's Business โŒ
    4- PMC Bank, Lakshmi Vilas Bank Closed and others 9 Banks will be Closed.โŒ
    Banks Involved in Money Laundring.

  31. Bangladesh has lower education quality and lower literacy rate than India!..still they are doing really really good because they are giving value to small things and manufacturing that doesn't need higher educated peoples…In India we are shy to give value on small things ..we give values to those jobs and business those requires higher educated peoples and feel proud for them..that is the main problem of us..else if Indians can give value to manufacturing on daily needed things that might not be required higher educated peoples just need work forces then India will grow by that height world can't touch!

  32. From an Indian, economic status in India does not matter cause we are living under murderous and repressive dictatorship.
    BJP and RSS have turned the biggest in the world into the biggest dictatorship in the world.

  33. India is looting Bangladesh in many ways๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž
    So sooner or later anti-indian sentiment will increase and burst into a huge bomb.

  34. Superb and best ever Prime minister in Bangladesh….legacy of Bangabandhu…most dignified lady in the world…
    In every paraneter she is growing to be well accepted,respect and relevant in international platform…
    Bangladesh is developing very fast..

  35. Disliked by some clueless pakistanis (not saying about all, there are good pakistanis and bad pakistan like other countries, but in this case i think i made a correct guess)

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