What is B20 Summit India 2023, Its Agenda And Participants

Prime Minister Narendra Modi is all set to address the B20 Summit 2023 on August 27 in the national capital to attend the biggest forum comprising all the global business leaders.

Reportedly, more than 1700 business leaders and experts will be a part of the B20 Summit. The three-day B20 Summit will commence on Friday, August 25, and will continue till August 27.

B20 which is one of the G20 forums, was set up in 2010. According to B20 India Chair, N Chandrasekaran, the theme of B20 is focused on ensuring responsible, accelerated, innovative, sustainable, and equitable access to all businesses.

While addressing the media, N Chandrasekaran asserted, "The nine themes, seven task forces, and two action councils all address what the world economy, society, and Global South needs."

He further stated that India is witnessing a growth momentum compared to other countries of the world and India is the fifth largest economy both in terms of economic growth and in terms of infrastructure as well. India is playing an important role in global transition such as energy transition, digital transformation, and Artificial Intelligence (AI).

Chandrajit Banerjee, Head of the B20 India Secretariat and the CII Director General, said "The summit is the culmination of rigorous activities that have transpired over the past ten months, laying the groundwork for impactful discussions and formulation of actionable policy recommendations for the consideration of the G20."

Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, External Affairs Minister S Jaishankar, and Education Minister Dharmendra Pradhan will be among the important attendees of the B20 Summit.

Global business leaders include Brad Smith, President and Vice Chairman of Microsoft; Michael Miebach, Chief Executive Officer of Mastercard and Arvind Krishna, Chairman and CEO of IBM, Sultan Ahmed Bin Sulayem, Chairman and CEO of UAE-based DP World Group; Bernard Looney, CEO of BP and Mark E Tucker, Group Chairman of HSBC Holdings Plc are also scheduled to attend the event.

Allen Blue, Co-Founder of LinkedIn; Abdulrahman Al Fageeh-Al, CEO of Saudi Arabia's SABIC and Johnny C Taylor, Jr., President and CEO of SHRM are also scheduled to be part of the event.

The B20 presidency will be handed over to Brazil at the end of the summit on Sunday. In all, 54 recommendations and more than 170 policy actions will be released with the unveiling of the B20 India communique.