Developing Industry Clusters for Inclusive Growth

MUMBAI, July 9, 2013 /PRNewswire/ --



~ The 3^rd Global Economic Summit 2013, an international Summit on Micro-SME clusters to be held for the first time in India will gather experts, government officials and stake holders of clusters to engage in dialogues and exchange shared interests from across nations~

As the global crisis unfolds newer challenges to the world economies, industry clusters can create significant opportunities to support speedy economic revival. Governments across the globe have recognized and adopted the concept of clusters which have vast potential to contribute to regional growth, employment generation and economic development. With clusters becoming a global phenomenon, the 3^rd Global Economic Summit 2013, centered on the theme 'Clusters In One World, Perspectives From Many Nations' will provide a unique opportunity to promote cluster businesses. The event is a momentous occasion; it is the first time an international Summit on Micro-SME Clusters is being held in India. Through the 3- day Summit, WTC Mumbai and AIAI are offering a platform to explore the future management of clusters through mutual co-operation, inviting deliberations from experts on clusters, government officials and stake holders.

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The clusters have developed across the world and in India particular the cluster movement has gathered momentum due to the state government's initiative. India has a large number of industrial clusters, particularly in the tier II and tier III cities contributing almost 2/3rd of the manufactured exports and 40% of the country's industrial output. Despite all the remarkable achievements, the full potential of clusters in India has yet to be realized with a vast scope of collaboration, international trade and product improvisation.

The Global Economic Summit offers a wide gamut of programmes consisting of conferences, workshops, B2B meets, cluster visits, exhibits and awards; giving a valuable insight into issues relevant to clusters in India and overseas. Participating in the conference are major industry clusters and experts such as engineering and auto, pharmaceutical and biotech, textiles, agro and dairy products, defence, food processing, winery, IT, handicrafts and many more.

The summit provides an opportunity to meet and network with bankers, government officials and international consultants along with dignitaries from Asia, Africa, Europe, US, Canada, Australia, and the Middle East. Best practices and exhibits will facilitate first hand information about the agencies involved in cluster management, as well as on cluster products. The Summit will provide an ideal platform to discuss and deliberate cluster development, international collaborations, growth of international clusters, product improvisation, innovative methods, cluster twining and market opportunities among other pressing initiatives.

Commenting on the Summit, Mr. Vijay Kalantri, WTC Mumbai Vice Chairman and President, All India Association of Industries (AIAI) said, "The significance of clusters across the world has been recognized due to its contribution towards the socio-economic growth of the economy, despite the global crisis. To highlight their impact on global economy, the summit will serve as a catalyst to deliberate and facilitate mutual interactions, technology upgradation, employment creation, entrepreneurship development as well as regional growth. In short, development of industry clusters is on the agenda of every government across the nations for inclusive growth"

• Location: World Trade Centre Mumbai, India
• Date: 23^rd September 2013 to 25^th September 2013

Website Link: - http://www.globalsummit2013.com/

For further information on media queries, please contact Crisscross Communication

Ms. Tejal Daftary | [email protected] | +91-98204-04-621

SOURCE WTC Mumbai and AIAI