Abu Dhabi, UAE, March 29, 2017: South Asia is open for business and open for investment, delegates at the Global Manufacturing and Industrialisation Summit (GMIS), taking place at the Paris-Sorbonne in Abu Dhabi, were told.
Speaking at a special session, Focus on South Asia, the HE Ghulam Murtaza Khan Jatoi, Pakistan’s Minister of Industries and Production, told delegates that the China-Pakistan Economic Corridor (CPEC) will open up links between China, the Arabian Gulf and beyond, as well as opportunities for internal investment into Pakistan. The Minister said Pakistan is “looking for manufacturers from around the world to come and invest”. He added that a ten-year no duty incentive will be available to investors in a number of investment zones across the country.
Jatoi’s assertion that South Asia was open for business was reinforced by the other panellists: Mike Singh, Chairman and Chief Executive Office, TC Group and technology entrepreneur Shaffi Mather. Mather said: “We (India) are open for business, and open as a manufacturing destination, but not a lo- cost destination, rather mid to high value.”
The Minister also admitted that difficulties remained that needed to be addressed if South Asia was to achieve the regional integration that is vital for economic growth, but he hoped the multi-billion dollar CPEC initiative would help reduce barriers across the region and open up greater global opportunities. In a note of caution, Mather said: “The reality is that unless Pakistan and India get the conditions right no economic integration will become a reality.” Singh added that “education was the key tool in the armoury in the fight against discrimination in the region”.
The inaugural Global Manufacturing and Industrialisation Summit is being held at the Paris-Sorbonne Abu Dhabi University, UAE, until March 30, 2017. A joint initiative by the UAE Ministry of Economy and the United Nations Industrial Development Organization (UNIDO), and co-hosted with the Abu Dhabi Department of Economic Development, the Summit is held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Summit is the world’s first global gathering for the manufacturing community, bringing together decision-making leaders from governments, businesses and civil society organisations to shape a vision for the sector’s future.
The Summit is a global platform for participating attendees to learn from best practices from across the world. This unprecedented global gathering will spark new ideas and set the stage for debate and action – addressing ways in which manufacturing can shape and reshape the world, integrating activities between developed and emerging markets, and delivering on social responsibility towards future generations. Leaders from the public and private sectors, along with representatives from civil society organisations, will gather to discuss global challenges within the manufacturing sector, looking specifically at six themes: technology and innovation; global value chains; skills, employment and education; sustainability and environment; infrastructure; standards, and stakeholder alignment.
About the Global Manufacturing and Industrialisation Summit
As the world’s first cross-industry forum, the Global Manufacturing and Industrialisation Summit is a global gathering for manufacturing minds. It is a voice and a venue for global manufacturing transformation. More than 1,200 delegates will attend, including world leaders, industry CEOs, policy-makers, specialist researchers and academics. The Global Manufacturing and Industralisation Summit will deliver (i) a voice for transformational ideas, (ii) a venue for the generation of new networks and cross-industry partnerships, (iii) a showcase for pilot projects arising from cross-industry research,
Global Agenda on the Future of Manufacturing
The conference will focus on the role of manufacturing in reconstructing the global economy and restoring global prosperity. Leaders from the public and private sectors, along with civil society representatives, will gather together to discuss global challenges facing the manufacturing sector. The discussions will focus around six themes: technology and innovation; global value chains; skills, employment and education; sustainability and environment; infrastructure; standards and stakeholder alignment. The participants will form working groups to identify concrete action plans and recommendations that outline potential solutions to global issues, as well as showcase best practices and case studies from across the world. To highlight an example of global issues, the inaugural conference will focus on the issue of economic migration, with the aim of establishing a manufacturing platform that will bring together countries facing emigration or immigration challenges with regional countries that seek to support economic reconstruction. These countries will work together with manufacturers and the wider United Nations network on restoring global prosperity.
The Manufacturing Expo
Capitalising on the huge presence of the global manufacturing community under a single meeting venue, the Manufacturing Exhibition will offer space to corporations looking to showcase their products, services and latest innovations or technologies that can further contribute to promoting global economic development. The Manufacturing Expo consists of four components: an exhibition showcasing the manufacturing capabilities of the host country; international pavilions showcasing the manufacturing capabilities and economic incentives of each participating country; an innovation exhibition that demonstrates the latest fourth industrial revolution technologies; and an event for SMEs to present their products and solutions to potential customers.
The Global Value Chain Market
The Global Value Chain Market (GVCM) is a business matchmaking platform dedicated to increasing regional and international partnerships and opportunities. The platform will provide networking and sourcing opportunities both online and onsite via pre-scheduled meetings with the vision of forging investment opportunities, commercial partnerships, and encouraging technological transfer and knowhow. The platform will enable countries to identify and meet global manufacturers to promote industrial development, and familiarise global manufacturers with targeted industrial activities in various countries. The GVCM will become a source of valuable information for global investments, providing insights on legislation and regulations, sovereign risk, political stability, and physical and logistical infrastructure.
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