The World Economic Forum (WEF) on India will be held in India's national capital region of Gurgaon, a financial and industrial centre in the state of Haryana south of New Delhi, it was announced on Tuesday.
The meeting will mark the first time that the forum's annual gathering in India convenes as the World Economic Forum on India, previously known as the India Economic Summit, held in the country for the past 27 years.
The repositioning of the meeting forms part of a broader strategic realignment of the forum's activities in the South Asia region and will consolidate the forum's commitment to its important partnership in India by the establishment of a physical forum presence in India in 2013.
This realignment also brings the meeting into line with the forum's other events around the world and reflects the multi-stakeholder nature of all forum meetings.
“India holds the forum's second largest base of member companies behind the US and ahead of China and Germany,” said Sushant Palakurthi Rao, senior director and head of Asia WEF. - I-Net Bridge