New Delhi [India]: The PHD Chamber of Commerce and Industry (PHDCCI) hosted its flagship initiative, the “States’ Policy Conclave 2024,” in New Delhi on December 11. The conclave focused on advancing India’s green and inclusive growth, fostering cooperative federalism, and facilitating dialogue between government and industry.
Key Highlights:
- Theme and Objectives:
- The central theme, “Paving India’s Green Path for Sustainable and Inclusive Development,” emphasized robust government-industry cooperation to ensure progressive and impactful policies.
- Discussions centered on leveraging economic reforms to create long-term, transformative changes in India’s economic structure.
- Stakeholder Engagement:
- The conclave provided a platform for diverse stakeholders, including government representatives, industry leaders, diplomats, multilateral institutions, and civil society, to exchange ideas and discuss policy innovations.
- Best practices from various states were showcased to inspire scalable and replicable development models.
- Ministerial Insight:
- Jitendra Singh, Minister of State, highlighted the untapped potential of India’s marine resources and the importance of linking industry and sustainability from the outset. He pointed to the success of the “Startup India, Stand Up India” initiative and India’s burgeoning startup ecosystem with over 1.7 lakh startups.
- Economic and Environmental Vision:
- Dr. Shamika Ravi, Member of the Economic Advisory Council to the PM, stressed the need for innovative green growth models that account for biodiversity and forest preservation. She suggested compensating states for forest conservation to ensure equitable growth opportunities.
- Ritu Sain, Investment Commissioner of Chhattisgarh, emphasized the necessity of integrating sustainability into policy and business. She presented Chhattisgarh’s “Industrial Development Policy 2024-2030” and positioned the state as a sustainable and affordable investment destination.
- Focus on Chhattisgarh:
- As the conclave’s partner state, Chhattisgarh showcased its potential as India’s leading steel and power producer.
- Sain underlined the state’s commitment to creating a policy environment conducive to sustainable business while improving living standards for its residents.
- Other Key Contributors:
- Eminent speakers included industry leaders and policymakers such as Bishal Thapa (Senior Director, CLASP), Anand Jha (Vice President, Visa), Sanjay Kumar Mishra (Secretary-CEO, Madhya Pradesh Medicinal Plants Board), and Amb Manjeev Singh Puri (Chair, India-Nepal Centre, PHDCCI).
Outcomes and Vision:
The conclave celebrated the culmination of India’s economic reform mission and reaffirmed the synergy between responsive industry practices and supportive government policies. With a strong emphasis on green GDP and equitable development, the discussions provided a roadmap for sustainable progress across states.
The event reiterated India’s commitment to a balanced and inclusive growth strategy, positioning itself as a global leader in sustainable development.