EBRD President to visit India

By Olga Aristeidou

EBRD President to visit India

Sir Suma Chakrabarti to attend the Prabodhan Conclave

EBRD President Suma Chakrabarti will attend the Prabodhan Leaders’ Conclave in New Delhi, during a scheduled visit from 31 October to 02 November 2017.

During a panel discussion at the Leaders’ Conclave, entitled “Smart Cities: what can India learn and unlearn from Europe”, he will outline the Bank’s work in municipal and environmental services. The improvement of water, wastewater and solid waste systems, urban transport and district heating is a key part of the EBRD’s mandate.

The Leaders’ Conclave is a platform for facilitating closer and more effective engagement between decision-makers and opinion-formers from India and Europe.

The visit of the EBRD President will provide the opportunity to sign several agreements on future projects and areas of cooperation, underlining the Bank’s commitment to sustainable development, renewable energy and the strengthening of the private sector.

The EBRD President said, “This visit is an important opportunity for the EBRD to strengthen further its ties with Indian companies and scale up further joint investments with high-quality Indian firms in emerging economies in the EBRD regions. I am also looking forward to sharing our experiences and learning from others in the discussions about Smart Cities.”

Sir Suma will also reinforce ties with Indian organisations. He will witness the signing of a joint declaration between the EBRD and International Solar Alliance (ISA), setting out cooperation between the two institutions.

The ISA was launched in November 2015, during the COP21 UN Climate Change Conference in Paris and has created a platform for the promotion of solar energy across its 121 member countries.

During the visit, there will be high level meetings between the EBRD and the Federation of Indian Chambers of Commerce and Industry (FICCI), aimed at enhancing the cooperation between the two organisations and paving the way for more joint investments between the EBRD and Indian corporations in the EBRD’s countries of operations

The FICCI is the largest and oldest leading business organisation in India. Its mission is to enhance the efficiency and global competitiveness of Indian industry.

The EBRD invests in 38 emerging economies across three continents, according to a set of criteria that aim to make its countries more competitivebetter governedgreenermore inclusivemore resilient and more integrated.

To date, the value of joint India-EBRD investment has reached almost €1 billion, mostly in the private sector. The Bank has worked closely with several Indian partners in our countries of operations, including, but not limited to, Tata, EximBank, SREI and Jindal.