THE SWISS CHALLENGE: STATES BAG MEGA INVESTMENT COMMITMENTS AT WEF.IMPLEMENTATION WILL BE THE KEY.

WITH OVER ₹20 LAKH CRORE investment commitments, India’s 100-plus contingent of top industrialists, prominent Union ministers, high-ranking bureaucrats and heads and representatives of at least six state governments has returned from Davos, Switzerland, after attending the annual World Economic Forum (WEF) summit.

- JOE C. MATHEW

This was India’s largest-ever presence at WEF, one of the most sought-after networking events for the global high and mighty. Incidentally, the Indian interest has peaked at a time new U.S. President Donald Trump has taken a clear stand against global collaboration and climate action, the two major agendas the WEF has been trying to push. Trump, in his virtual message to the WEF, invited global businesses to make in America, saying the country offers lowest taxes. He also warned that they will have to pay an import tariff if they don’t make in America. “Under the Trump administration, there will be no better place on earth to create jobs, build factories or grow a company than right here in the good old U.S.A.,” he said.