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

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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