Global Economic Summit - GES 2013

Global Economic Summit - GES 2013

 

About The Event

Global Economic Summit - GES 2013
 

About GES

In today's globalized world, all nations share a common interest for economic development. Despite the vast diversity in their geographical, political and social aspects, one of the common threads binding all nations is the development of clusters. The 3rd Global Economic Summit (GES) with the theme- Clusters in One World, Perspectives from Many Nations, a three-day hands on programme, will present opportunities for clusters from different nations to engage in dialogues, explore shared interests, network and experience the true value of clusters in a globalized economy.

The core objective of the 3rd GES is to provide valuable advice and practical tools which directly or indirectly impact the development of clusters. A panel of eminent experts from India and overseas will share their insights throughout the sessions.

The 3rd GES aims to advice and inspire participants to adopt a practical and strategic approach to address the various -- factors and processes through which clusters develop and evolve. Besides, Workshops, Expo and Cluster visits will facilitate cross-continental interactions and partnerships.

The Global Economic Summit is an annual forum organized by the All India Association of Industries (AIAI) and World Trade Centre (WTC), Mumbai. The Summit is a platform for Government Agencies, Professionals, Entrepreneurs, Institutions, Consultants, Experts and Stakeholders to exchange insight, share best practices, learn new technologies and innovations, address policy issues, develop business networks and partnerships. The Summit will provide a unique opportunity for interaction among participants from across the globe.

Industrial clusters are increasingly recognized as effective means of industrial development and promotion of entrepreneurship. Clusters directly act as catalyst for the economic growth of regions by fostering entrepreneurship, innovation, generating employment and enabling favourable investment opportunities

 


About Cluster

Evidence from industrialized and developing countries show that industrial clusters are the key contributors to the socio-economic development of the country. Industry clusters are geographic concentrations of competing, complementary, or interdependent firms and industries that do business with each other and/or have common needs for talent, technology, and infrastructure. The firms included in the cluster may be both competitive and cooperative. They may compete directly with some members of the cluster, purchase inputs from other cluster members, and rely on the services of other cluster firms in the operation of their business. Industry clusters are dynamic entities. They may change as the industries within them change or as external conditions change. Sometimes an industry cluster will spawn an entirely new cluster.

The concept of Cluster is fast gaining momentum in the industrial landscape of nations. Thanks to the rapid industrialization in the last few decades, today there is growth of clusters spanning almost every economic activity. Clusters have the potential to generate large scale employment thereby contributing to industrial and economic growth.

Clusters of economic activity are becoming magnets for new technology, skilled personnel and research, innovation and investment. Clusters tend to be well established and stable, innovating through strong backward and forward linkages with suppliers and customers. Co-operation in clusters has increasingly become a requirement for success. Moreover, co-operation offers a direct way to improve economic performance and reduce costs.
Clusters can be classed into two broad categories: Natural and Induced. Natural clusters are those which have come up on their own without the active and calculated or conscious involvement of the government in developing them. It is the private initiative of the entrepreneurs that seems to be the only reason behind their formation. Induced clusters are those where government takes a decision and makes a conscious effort that results in the concentration of similar units in that area.

In India, in the wake of globalization and trade liberalization, opportunities to access new markets have increased. India is progressively moving towards creating an environment where clusters can grow and thrive. The cluster environment has undergone a radical change since the first economic liberalization. Be it the policy framework, the procedural obligations or the marketing methods, a number of steps have been taken by the government to promote development of clusters. Several institutions both at the national and state level have taken up cluster development as a means to undertake socio-economic development. The nodal agency for cluster development in India is the Ministry of Micro, Small and Medium Enterprises.

It is estimated that there exist about 2700 registered and non registered SME clusters in India. These clusters are overwhelmingly predominant with micro and small industries. The size in terms of the number of units and the quantum of output of clusters may vary significantly. Some of them are so big that they produce upto 70% to 80% of the total volume of that particular product produced in India.

It is felt that appropriate government policy framework and the support of nodal agencies can significantly impact the development of clusters.


Organizers

World Trade Centre Mumbai 
World Trade Centre (WTC) Mumbai was established more than four decades ago, to promote and facilitate India's trade and investment with the world. The WTC is promoted by the Government of India, the State Government of Maharashtra and by the Private Sector, as a unique partnership model. It is governed by a council of management comprising industrialists, representatives from central and state governments and apex trade promotion organizations. WTC Mumbai is the premier operating Indian member of the World Trade Centers Association (WTCA), New York, providing a wide range of services and facilities.

Since its inception in 1970, the WTC Mumbai has been effectively playing the role of a catalyst in strengthening India's international economic relations and has been successful in acting as an important ingredient in the integration of Indian economy with the global economy. WTC Mumbai has been regularly receiving and sending trade missions and organizing business matchmaking (B2B) events for the benefit of its members. It has signed Memorandum of Undertaking (MOUs) with over 150 international organizations, for exchange of information, business delegations and participation in exhibitions.

WTC Mumbai organises many national and international events, economic summits, B2B meetings and Exhibitions to showcase India's growing business acumen. The knowledge-based services of the WTC include-Research, Training Institute, comprehensive Export Import Databases all of which are regularly utilized by business and industry, governments, educational institutions and students. The WTC also facilitates Online Trading services and regularly scans Trade and Business Opportunities, particularly for the Indian SME sector. As a leading Indian member of the WTCA New York, the WTC´s trade promotion and knowledge based services have become a benchmark for the other WTCs worldwide.

All India Association of Industries 
Established in 1956, under the dynamic leadership of Late Shri Babubhai M. Chinai (M.P), AIAI is the leading Industry Association of Mumbai, India's commercial capital. It is a not for profit making organization and has been in service of trade and industry since 50 years. The membership of AIAI spans across a wide spectrum of industries with a direct membership strength of over 1400. AIAI has Agreements of Co-operation with affiliated regional Chambers and Trade bodies, thus taking the indirect membership to over 50,000. About 70% of AIAI's membership relates to the SME sector.

AIAI's activities include organizing seminars, workshops, trade fairs, B2B meetings, and trade/business delegation meetings as well as receiving dignitaries from overseas. AIAI also provides information and facilitates bilateral trade by networking with overseas Chambers of Commerce and Trade Promotion Organizations (TPOs) through the outreach programme of Agreements of Co-operation. AIAI has signed over 170 Agreements of Co-operation with International Trade Promotion bodies and Chambers of Commerce across the world. This highlights AIAI's mission to promote international trade, enhance exchange of trade-related information and foster joint ventures and technological alliances, thus contributing towards the process of globalization.

AIAI has organized a number of successful exhibitions and trade fairs patronized by leading companies such as the Auto Expo, Industrial Fair, Finance and Investment Exhibition, ITM Expo etc. AIAI organized the biggest-ever Indian Expo overseas India Initiative 2005 at Warsaw, Poland. AIAI also partnered with the Indian Trade Promotion Organization (ITPO) in organizing India International Maritime and Logistics Expo (IIMLE). Other initiatives of AIAI include Indo-Polish Chamber of Commerce & Industry (IPCCI), Indo-Mauritius Chamber of Commerce (IMCC) and Young Entrepreneurs´ Society (YES). 

 



Conference

The plenary sessions will address macro issues which include policy, finance, marketing, technology and innovation. We live in a world characterized by human diversity, dynamic changes, cross-cultural interactions and global interdependence. This makes it imperative for clusters worldwide to cross the divides, embrace the diversities, respect the differences and share multiple perspectives on how to address challenges for clusters in one world. With a strong line up of policy and industry leaders and a full program on cluster insight sessions will turn our attention to the transformational trends in the canvas of global clusters.

Workshop

Cluster managers, policy makers, entrepreneurs and other stakeholders will make presentations and discuss best practices and their experiences on how clusters have evolved to attain excellence in cluster management. We also invite clusters to present case studies.


B2B Meetings

No summit is complete without B2B meetings. To add value to the summit, B2B meetings will be pre-scheduled among participants to facilitate cluster to cluster business collaboration with over 30-40 world economic regions participating, which will provide the perfect ground for speed dating.

Cluster Tours

In order to understand and build up business relations, guided tour to selective Indian clusters are being organized. This will help identify opportunities for future partnerships in marketing, finance, technology, innovation, finance, skill development and trade. The following Clusters are identified for the visit on Day-3 of the Summit.

- Engineering Cluster, Nashik

The Nasik Engineering Cluster (NEC) is formed under Industrial Infrastructure Up-gradation Scheme (IIUS), of the Department of Industrial Policy and Promotion, Ministry of Commerce & Industry, Government of India. Inadequate technological infrastructure is the main inhibiting factor for international competitiveness of Indian industry. The NEC will play the role of catalyst, be a reliable source for quality at affordable cost and prepare industries to face global market by achieving global quality-assurance standards. NEC provides Calibration, Environmental-Testing, Electrical Testing, Rapid Prototyping, Metallurgical Testing, CMM services under one roof, on no-profit no-loss basis for industries all over India.

- Auto Cluster, Pune
Established under the Industrial Infrastructure Upgradation Scheme (IIUS) of the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India, Auto Cluster is the first of its kind set- up in this zone. The primary objective of the IIUS is to improve the worthiness of domestic names in the international circuit. The scheme emphasizes on strategic interventions to convert static local efficiency into dynamic competitiveness.

All the auto components, manufacturers including rubber and polymer associations have joined hands in the promotion and development of this cluster. Renowned institutes including engineering colleges, R&D institutes, component manufacturers and their associations, Banks, Financial Institutions and various Government Agencies are also involved in this project. The Auto Cluster targets industries like CAD / CAM, Polymer, Auto Electronics, Auto Engineering, Rubber components and general engineering sectors.

- Textile Cluster, Bhiwandi

The city of Bhiwandi, known for its textile industry, has the largest number of power looms in the country and is sometimes dubbed as 'The Manchester of India'. A major portion of the population is employed by the power loom sector. The Mumbai-Agra Highway (NH-3), passing through Bhiwandi ensures the smooth connectivity of the city with Mumbai, Thane, Nashik and the rest of India. Bhiwandi is a major textile processing cluster covering yarn and fabric. It carries out toll manufacturing for many major textile companies and has the largest number of powerlooms. The State government estimates that over 40 lakh people are dependent directly or indirectly on the looms of Bhiwandi.

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