new paradigms in economic diplomacy and the role of crs in supporting business a didar singh...
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New Paradigms in Economic Diplomacy and the Role of CRs in Supporting Business
A Didar SinghA Didar SinghSecretSecret ary General, ary General, FICCIFICCI
Changes in Global Economy
• Evolving Economic Landscape:– U.S, Japan, China, EU
• 21st Century: Asia’s Century– India as a strong pivot
• Committed Political Leadership• Strong Focus on Economic Diplomacy• Wide Global Endorsement
India’s Evolving Global Economic Partnership
• Current Government
– Focus on Internal reforms and deliverables
– Securing Global Confidence
• US + Japan + China= 100 billion USD Commitment
Trends to Watch
• Overlap of Multilateral and Bilateral partnerships
– RCEP, FTAs, ASEAN
• Developments in TTIP, TTP
Economic Diplomacy: Exciting Times
Paradigm Shift in Focus of Foreign Policy
Renewed focus on economic diplomacy worldwide
Best Practices across Australia, UK, France, Germany, Denmark …
I. Common factor: Team Approach
II. Corollary: Importance of business associations as powerful groupings of industry
Economic Diplomacy: Multiple Stakeholders
• No longer a linear process
• Industry Associations, Media, Civil Society, Think Tanks : Proactive Role
• FICCI– Heightened Engagement across the board– Presenting India, not just Indian Industry
Re- defining the Approach for Indian Commercial
Representatives
Key Strategic Considerations
The Exciting New Role of CRs
Multilateral Negotiations: Team Approach
Changing Trade and Investment Focus Search for new markets Partners for Hi-Tech Innovative solutions for India’s sustainable development
Conversion Rate of Investment and Partnerships
The Exciting New Role of CRs
Leveraging Development Partnerships, MDB projects
Differentiated Approach: Service to Industry, Internationalisation of SMEs
Building a business case for migration
Engage diaspora
Country Focus
Brand India
• Project India as a strong, credible partner
• “Friends of India” in host countries
• Leverage Soft Power
• Media : Traditional and New as tools
• Education as a link
Supporting the Cause
To be the thought leader for industry, its voice for policy change and its guardian for effective implementation
We Influence
We Analyze
We Listen
We Connect
To carry forward our initiatives in support of rapid, inclusive and sustainable growth that encompasses health, education, livelihood, governance and skill development.
To enhance the efficiency and global competitiveness of the Indian industry and to expand business opportunities both in domestic and foreign markets through a range of specialized
services and global linkages.
Our Vision
Our Mission
FICCI’s Contribution to India’s Economic Diplomacy
National and International Networks
Expert Committees and Task Forces
Forum of Parliamentarians
Business Solutions & B2B forums
Over 300 conferences and seminars every year
National and International Networks
Expert Committees and Task Forces
Forum of Parliamentarians
Business Solutions & B2B forums
Over 300 conferences and seminars every year
Our Connect
S. No. Name 1. Invest India2. BISNET3. Indian Council of Arbitration (ICA)4. International Chamber of Commerce, India (ICC India)5. Confederation of Indian Food Trade and Industry (CIFTI)6. All India Organization of Employers (AIOE)7. Forum of Parliamentarians (FOP)8. FICCI Socio-Economic Development Foundation (FSEDF)9. FICCI’s Ladies Organization (FLO)
10. Confederation of The Micro, Small And Medium Enterprises (CMSME)
11. Media & Entertainment Skills Council (MESC)12. Capital Goods Skills Council (CGSC)13. Food Industry Capacity And Skill Initiative (FICSI)14. FICCI Aditya Birla Centre of Excellence
FICCI’s Allied Organisations
Conferences Exhibitions Delegations
B2Bs
Indian Diaspora
Media interactions
EconomicDiplomacy
Business Case for
Migration
19
FICCI BlogFICCI Knowledge Series
Brand FICCI
Way Forward
Diplomacy cannot be practised in isolation
Symbiotic relationship with the host country
Evolving Robust Partnerships with stakeholders
Thank You
Twitter: @SecyGEN_ficci
Thank You
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