Asian Business Leaders Conclave 2016ET Edge
India is currently witnessing an economic transformation. It is not only one of the fastest growing large economies in the world. It is also marked by initiatives centered around ease of doing business, making governance transparent and efficient and reducing regulatory overburden. The outcomes of our efforts are visible from India’s global rankings on various indicators.
It has often been said that the 21st century is set to be the Asian Century. That is as it should be. The centre of gravity of power, population and prosperity has long been shifting eastwards, and it is right that we should take responsibility for, and control of, our own destinies. We need to take the next steps. To forge stronger inter-Asian ties. To capitalise on what we have in common. To learn from each other, to share best practices and seek new ways of collaborating to the benefit of all. This landmark Conclave brought together many of Asia’s foremost business leaders to discuss ways to ensure that the region remains the most thriving centre for trade in the world.
Personal ties are important and should not be underestimated. There is a lot of activity that comes from a bilateral and federal level between Malaysia and India and we are pleased to be strengthening personal ties between the two nations and this event is certainly a milestone.
This is a wonderful initiative and I am delighted that The Economic Times have chosen Malaysia to launch this inaugural event. Malaysia has been a hub of much of the activities in ASEAN and East Asia, and both Prime Ministers hold each other in very high regard and are looking forward to working closely together. Having both Prime Ministers inaugurate the event – one on stage and another via video conference – is a strong endorsement by itself.