The World Trade Centers Association (WTCA) recently hosted its 54th Annual Global Business Forum (GBF) in Bengaluru, India, for the first time. Themed “EPIC: Empowering Progress through Innovation & Collaboration,” the event aimed to highlight investment opportunities in the state of Karnataka and position India as a leading investment destination.
Key Highlights:
- The forum was inaugurated by prominent figures, including Sri. D.K. Shivakumar, Deputy Chief Minister of Karnataka, and Sri. M.B. Patil, Minister for Large and Medium Industries, Infrastructure Development.
- Over 35 member countries and nearly 230 domestic and international businesses participated in the event, reflecting WTCA’s mission of “Connecting Businesses Globally.”
- Several Memorandums of Understanding (MoUs) were signed between member countries, fostering international trade and integration into global supply chains.
- The Bangalore Chamber of Industry and Commerce (BCIC) signed MoUs to establish virtual offices in the Netherlands, marking an expansion of their reach.
- A report titled “Karnataka: Powering India’s Growth” was released, identifying key sectors that will propel Karnataka’s economic ambitions.
- The report outlines economic and sectoral trends, tax incentives, and action plans for various sectors in Karnataka.
- Day 1 featured panel discussions on diverse topics like AI, manufacturing in India, establishing businesses in India, public-private partnerships in agriculture technology (Agritech), and innovation in real estate.
- Nearly 110 WTC businesses from 36 countries participated in B2B matchmaking opportunities.
Quotes from Key Figures:
- Sri. D.K. Shivakumar, Deputy Chief Minister of Karnataka: “India’s rise presents an opportunity for the world. We are committed to addressing global challenges and are a leader in science, technology, and innovation.”
- John E. Drew, Chair, WTCA: “India is experiencing rapid economic growth and a demand for global business connectivity. Bengaluru’s entrepreneurial spirit makes it ideal for fostering business opportunities.”
- Vineet Verma, Managing Director, WTC Bengaluru, Chennai and Kochi: “This is the first WTCA GBF held in Karnataka. Over 200 B2B meetings are expected, paving the way for successful collaborations.”
About the Organizers:
- The World Trade Centers Association (WTCA) is a network of over 300 connected businesses and organizations in 91 countries. WTCA licenses the “World Trade Center” and “WTC” trademarks and helps local economies flourish through trade and investment.
- World Trade Center (WTC) Bengaluru is a licensed member of WTCA. Promoted by the Brigade Group, it supports international business development in the Bengaluru and Karnataka regions.
Learn More:
- For details about the 2024 WTCA Global Business Forum, visit: https://wtca.swoogo.com/2024gbf/4132448
- Follow the event on social media using #WTCAEvents
- World Trade Centers Association (WTCA): www.wtca.org
- World Trade Center (WTC) Bengaluru: www.wtcbengaluru.org
