- The five-day event began with crystal awards function on January 22, followed by an opening concert.
- The theme of the summit this year is ‘Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution’.
- The leaders will be discussing how to build a better version of globalization.
The annual meeting of the World Economic Forum — the Davos Summit — was kicked off on Monday in the Swiss town of Davos amid a gloomy outlook for the world economy and calls for an equitable, sustainable and inclusive world.
The five-day event began with crystal awards function on January 22, followed by an opening concert.
The theme of the summit this year is ‘Globalisation 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution’ under which the leaders will be discussing how to build a better version of globalisation.
About 3,000 participants including top business leaders, international political leaders, economists, celebrities and journalists are expected to discuss a range of issues this year.
Here is what one should watch out for on the second day of the annual meeting at Davos:
- Confederation of Indian Industries (CII) along with Deloitte will host a breakfast session on “Shaping India’s future with Industry 4.0′ at 0730 GMT.
- The opening remarks at the convention will be given by Chandrajit Banerjee, director general, CII, followed by remarks from Punit Renjen, CEO, Deloitte General, Murat Sonmez, managing director and head, Centre for the 4th Industrial Revolution & Global Network, World Economic Forum.
- The one-hour session will also have Soumitra Dutta, Professor of Management, Cornell University, Rakesh Bharti Mittal, president CII and vice chairman Bharti Enterprises and Ramesh Abhishek, secretary, Department of Industrial Policy and Promotion (DIPP), Government of India.
- The closing remarks will be delivered by N. Venkatram, CEO, Deloitte India, which will be a joint statement released by Deloitte and CII said.
- Apart from the breakfast session, the day is packed with press conferences and sessions where in at 1020 GMT ‘Shaping Globalisation 4.0′ session will take place, followed by an interview of Sir David Attenborough by the Duke of Cambridge at 1315 GMT.
- A special address by Brazil’s newly elected President Jair Bolsonaro will also take place at 1430 GMT, followed by a session on ‘Safeguarding Our Planet’ at 1600 GMT.
Deloitte Survey on India Businesses
In its annual report released on the first day of the World Economic Forum’s (WEF) annual meeting, global consultancy giant Deloitte said global leaders are facing the pressures of preparing their businesses and workforces for this new era, with the Fourth Industrial Revolution (Industry 4.0) re-shaping how the world lives and works.
According to the Deloitte report titled ‘Leadership in the Fourth Industrial Revolution: Faces of progress’, certain geographies, especially businesses in India, have demonstrated the right aptitude for success in Industry 4.0.