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Digitalisation, globalisation have democratised business, especially for SMEs: Widodo

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New Delhi | Monday, Mar 6 2017 IST
Digitalisation and globalisation have democratised business, especially for SMEs, said Indonesian President Joko Widodo in his Opening Keynote Address to the first IORA Business Summit held in Jakarta today.He said that even though there are many challenges in the IOR region, businesses should see these as opportunities. Government, he said, should minimise their involvement in business activities and restrict themselves to creating an enabling policy environment and infrastructure - both physical and digital.Speaking on the occasion, President Jacob Zuma of South Africa called to strengthen blue economy in the IOR and that ocean as a unifying force in IOR and a significant source of food and energy security should be safeguarded and used sustainably for economic development. President of Mozambique highlighted the potential for tourism as a catalyst for economic development in IORA. The 21 member IORA completes its 20th anniversary this month. On this occasion, Indonesia as the current Chair of the IORA, is organising the first Leaders' Summit on 7th March. The Senior Officials Meeting, Council of Ministers Meeting and the Business Summit precede the Leaders Summit during which the IORA Concord will be announced. As a run up to the IORA Concord, the business community of IORA has prepared a Joint Declaration that will be submitted to the Leaders by the President of the Indonesian Chamber at the Leaders' Summit on 7th. India is well represented at the Summit by all major investors in Indonesia and IOR region. Speaking at the session on MSME Cooperation in IORA, Shailesh Pathak, CEO Cityinfra Capital, called for SME Facilitation an IORA SME Digital Business Model. This was endorsed by the Secretary General of IORA, Amb. K V Bhagirath who will work with FICCI, which is the Business Secretariat of IORA in India to create a pilot project which would then be scaled up to include all of IORA.Mr Puvan Sripathy, CEO GMR Airports, speaking at the session on enhancing tourism and connectivity through infrastructure shared the business model of creating tourism airports as satisfied tourists are brand ambassadors for a country. Leading companies with significant partnerships and business interests in Indonesia and IOR such as Aditya Birla, Adani Global, GMR, Feedback Infra, UPL Limited, L&T, Tata Power, TCS, Godrej, Tata Motors, City Infra, Ion Exchange, Wallenius Wilhelmsen Logistics and constitute a significant part of this delegation.UNI ADP SHK 1849

-- (UNI) -- C-1-1-DL0429-1177068.Xml

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