The Confederation of Indian Industry (CII) declared it has inked an initial deed with the World Economic Forum to work together for partnerships in infrastructure and human capital in the country.

The Govt of India invited the world economic body to organize a combined South Asia Economic Summit in the National Capital, the same way as WEF organizes the India Economic Summit.

The reform activity in India is in full force and the Government of India has take numerous steps which are yielding optimistic results especially in the area of recovery of rupee, stock market and infra growth in the country.

Both the bodies signed a MoU to collaborate in conveying a strong engagement across all multi-stake holders in India.

WEF and CII will identify areas for further projects and collaboration related to the most persistent concerns that India is facing in areas such as infrastructure investments, skill gaps and human capital and inclusive growth.

The memorandum was inked by Klaus Schwab, Founder and Executive Chairman, WEF and Kris Gopalakrishnan, president, CII in the presence of Commerce Minister Anand Sharma.