Indian Chamber of Commerce to host BIMSTEC Meet in Kolkata
Boosting Regional Cooperation and Economic Integration
Kolkata, 7th June 2023:
The Indian Chamber of Commerce is proud to announce the highly anticipated BIMSTEC Expo and Conclave 2023, scheduled to take place from the 13th to the 15th of June at the prestigious Hyatt Regency in Kolkata. This event marks a significant milestone in fostering regional cooperation and economic integration among the member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
Govt. of West Bengal and Govt. of Sikkim are the Partner States at the Conclave.
BIMSTEC Expo and Conclave 2023 bring together eight (8) Foreign, Industry, and Commerce Ministers from the BIMSTEC region, key stakeholders from the government, business, and academic sectors to discuss and explore opportunities for enhancing trade, investment, and socio-economic collaboration within the BIMSTEC region. With the theme “Quantum Leap in Business Co-operation for shared prosperity & growth” the event aims to strengthen regional ties and promote inclusive development across diverse sectors. The regional integration of BIMSTEC represents the aspiration of 1.68 billion people or 22 percent of the world population for shared economic and social progress and a combined GDP of around US $. 2.88 trillion.
BIMSTEC region has 22% of the world’s population but only a 3% share of the global GDP. The region needs to unlock its potential by addressing trade, infrastructure, and regulatory issues and finally aim at BIMSTEC FTA.
Highlights of the BIMSTEC Expo and Conclave 2023 include:
Largest ever BIMSTEC Business Meet: The event will witness the largest-ever gathering of over 400 trade & Industry representatives from 7 countries. This includes over 190 international delegates from 6 countries.
High-level Conclave: With over 140 speakers representing distinguished leaders, policymakers, and visionaries from BIMSTEC member countries will participate in insightful discussions and strategic dialogues. The conclave will have focused Sessions on topics such as trade facilitation, agri/food, infrastructure development, digital connectivity, sustainable tourism, advancement of healthcare, tea, gems & Jewellery, climate change, start Ups, and fostering innovation.
Business Exhibition: Around 50 stalls at the expo will provide a platform for businesses to showcase their products, services, and innovations. Exhibitors from various countries will have the opportunity to connect with potential buyers, and partners from the public and private sectors.
B2B Meetings: The event will facilitate business-to-business (B2B) meetings, enabling participants to engage in focused networking, explore partnerships, and forge strategic alliances. These meetings will promote cross-border collaborations and contribute to the growth of regional trade and investment.
The BIMSTEC Expo and Conclave 2023 presents an excellent opportunity for businesses, investors, and policymakers to engage with the BIMSTEC community, exchange knowledge, and forge meaningful partnerships. The event will contribute to the overall objectives of BIMSTEC, fostering economic growth, and improving the quality of life for the people in the region.