The 3rd Annual Bloomberg New Economy Forum 2020 was held virtually where India was represented by Prime Minister (PM) Narendra Modi. The focus of the forum was to restore the economy and to chart a course for the future amid COVID-19 pandemic. The forum was held from November 16 to 19, 2020.
- It should be noted that the inaugural Forum was held in Singapore, and the second annual Forum was hosted in Beijing, China.
Aim:
It aims to build a community of leaders to engage in real conversations leading to actionable solutions about the critical challenges facing by the world.
Focus of the Forum:
The forum focuses on the range of topics, including global economic management, trade and investment, technology, urbanization, capital markets, climate change, and inclusion.
Host of the forum:
China Center for International Economic Exchanges, International Institute for Strategic Studies and Mandela Institute for Development Studies Co-host the forum.
Following are the Key Points from PM Modi Address:
–COVID-19 has given an opportunity to develop new protocols in every field to develop resilient systems for the future.
–Indian cities have presented an extra-ordinary example during these tough times.
–Under Housing for All program, which was initiated in 2015, more than one crore or 10 million houses will be delivered to aspiring families in urban areas before the targeted deadline of 2022.
–Indian Government also introduced an affordable rental housing initiative, Real Estate Regulation Act to transform the real estate sector.
–The work on Metro Rail is going on in 27 cities to deliver around 1000 kms of Metro Rail system in India by 2022.
–Technologies helped in continuation of work during Covid-19 pandemic. Therefore Digital India and Start-Up India Missions are helping in creating capacities towards technology.
–100 smart cities have prepared projects worth 30 billion dollars.
Other Addressers of the Forum: Director-general of the World Health Organisation (WHO) Tedros Adhanom Ghebreyesus, former United Kingdom (UK) Prime Minister Anthony Charles Lynton Blair (Tony Blair), former United States (US) President William Jefferson Clinton (Bill Clinton), Microsoft founder Bill Gates, and Secretary-General of the United Nations (UN) Antonio Manuel de Oliveira Guterres are some of the other speakers scheduled to address the forum.
Recent Related News:
- On October 8, 2020, Prime Minister Narendra Modi virtually delivered the keynote address at the Invest India Conference in Canada which aims to showcase opportunities to the business community in Canada for investing in India in the agricultural, medical, educational and business front.
- On 16th October, 2020 India, Chile held their First Joint Commission Meeting virtually. This is the first institutionalized dialogue between two countries at the level of Foreign Ministers. The meeting was co-chaired by Subrahmanyam Jaishankar, External Affairs Minister (EAM), India and Andres Allamand Zavala, Minister of Foreign Affairs of the Republic of Chile.
About Bloomberg New Economy Forum:
Initiated in 2018 by Michael Bloomberg.
Honorary Chair of the Bloomberg New Economy Forum-Henry A. Kissinger
