World Economic Forum Summit 2018 kick started with a colourful opening ceremony on Monday. The event was attended by the Indian ministers, CEOs and Bollywood personalities along with 1500 other delegates form across the globe
Meanwhile, Prime Minister Narendra Modi PM Modi reached Switzerland earlier in the day and met with Swiss President Alain Bersetand. He is slated to give the keynote address at the summit on Tuesday at 10:30 GMT (3:45 pm) today.
The event helped India showcase its achievements in the ease of doing business and the opportunities it offers for prospective investors.
As it Happened:
01:18 am: There is a renewed interest in India. I am interested in combination of technology and rural development so we can give pin point delivery and eliminate poverty, that is what we are working on: Nara Lokesh, Andhra Pradesh Minister in Davos
01:08 am: This time World Economic Forum is India's World Economic Forum. PM is promoting India from Davos, it is a great opportunity. In Andhra Pradesh we are gong in a big way for investment: Andhra Pradesh CM N Chandrababu Naidu in Davos
01:00 am: PM's presence gives a big message to the world community, that India is open for business. Here, we are all giving out information about the 'New India 2022' that we are working towards : Union Minister Piyush Goyal in Davos
12:20 pm: Opening performances at the World Economic Forum 2018 in Davos begin.
12:15 am (Tuesday): PM Modi held talks with the President of the Swiss Confederation Alain Berset in Davos. "We reviewed the scope of our bilateral cooperation and discussed ways to deepen it even further," PM Modi tweeted.
11:50 pm (Monday): Indian Bollywood star Shah Rukh honoured at the welcome reception for World Economic Forum Summit 2018
11:45 pm: PM Modi will be first Indian Prime Minister to attend World Economic Forum after HD Dewe Goda in 1997.
Participants will get a glimpse of India's rich culture and a taste of Indian cuisine. There will also be a live Yoga session for which two teachers have been roped in.
PM Modi will also host a roundtable dinner in which nearly 40 global industry bosses from 18 countries will take part.
Some of them include Airbus CEO Dirk Hoke, Hitachi Chairman Hiroaki Nakanishi and WEF founder Professor Klaus Schwab. The dinner will also be attended by 20 Indian CEOs. These 60 companies have a cumulative market capital of $3.3 trillion.
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