Manipur Chief Minister N Biren Singh inaugurated a conference on ‘Opportunities for Multilateral Business Partnerships in ICT, Tourism, Healthcare and Handloom’ in Imphal. This was the first of the four sessions of B20 scheduled in Northeast India.
What is B20 Conference?
- The Business 20 (B20) is an event which is part of the G20 Summit. It is the voice of the G20 business community.
- More specifically, its main purpose consists in developing recommendations and issuing relevant commitments from the business leaders and business organisations to deal with nowadays issues.
- The B20 composes of delegates from the G20 countries, including top executives from the leading multinational corporations.
- The first B20 Conference took place in South Korea in 2010.
Working of B20 –
- The B20 has no standing secretariat. The leadership rotates every year together with the G20 Presidency.
- The B20 delivers concrete actionable policy recommendations on priorities established by each rotation presidency to spur economic growth and development.
- Its working proceeding is based on Task Forces (TFs) and Action Councils (ACs) entrusted with developing consensus-based policy proposals to the G20 and to international organisations and institutions.
- Each TF is composed of around 100 businesses representatives from the G20 countries and from selected invited countries and international organisations.
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