Davos meet: leaders will discuss ways to deal with global crisis

Davos meet: leaders will discuss ways to deal with global crisis
PTI
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First Published: Sun, Jan 25 2009. 10 35 PM IST
Updated: Sun, Jan 25 2009. 10 35 PM IST
Davos, Switzerland: As the world struggles to manage the fallout of the financial crisis, some 2,500 participants from 96 countries, including key ministers from India, will deliberate on ways to stabilize the global economy at the World Economic Forum (WEF) meeting beginning 28 January in Davos, Switzerland.
Commerce minister Kamal Nath will lead the Indian delegation to the five-day annual meeting of WEF and seek an enhanced role for the nation in the affairs of the global financial system to deal with the economic meltdown.
The overarching theme of the meeting is “Shaping the Post-Crisis World”.
Nath is likely to discuss ways on how to lift the world economy from the current downtrend in his bilateral meetings with his counterparts from the US, European Union, Germany, Australia, Brazil, Thailand and New Zealand.
Besides Nath, science and technology minister Kapil Sibal, Planning Commission deputy chairman Montek Singh Ahluwalia, and a host of business leaders are expected to rub shoulders with their counterparts from across the globe at a time when India is grappling with issues of transparency and corporate governance after the Satyam Computer Services Ltd fiasco.
In fact, HCL Technologies Ltd chief executive officer Vineet Nayar would talk on the importance of transparency in building client trust in Indian outsourcing companies in the wake of the Satyam scandal.
At this meeting Bollywood actor Amitabh Bachchan would be honoured with the Crystal Award, given to artistes who use their art to improve the state of the world.
Kuchipudi and Bharatanatyam danseuse Mallika Sarabhai will also receive the award.
They would be conferred the award on 31 January.
WEF is a Geneva-based non-profit foundation known for its annual meeting, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss the most pressing issues facing the world, including health and environment.
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First Published: Sun, Jan 25 2009. 10 35 PM IST