CII launches India's Future Business Group

07 Sep '20

2 min read

Pic: Shutterstock

The Confederation of Indian Industry (CII) recently launched over a digital platform its Future Business Group (FBG), which will accelerate the process of developing disruptive technologies and business models. Going further, India can lead the FBG forum for G20 countries, according to Manoj Kohli, country head, SoftBank India, and chairman of CII FBG.

CII FBG has been constituted to support the emergence of new-age businesses, attract global investment in new businesses in India and to foster government-industry cooperation to help develop new policies to support the innovative businesses.

Its theme is ‘Nurturing the existing new businesses and fast-tracking the entry and growth of new businesses in India for getting growth back’.

CII would soon launch the Global Unicorn series under the auspices of SoftBank India with the participation of unicorns from the United States, the European Union, Japan, Australia, Singapore, Israel and South Korea to share their journey to glory.

Minister of railways and commerce and industry Piyush Goyal said CII FBG holds an immense potential to script an inclusive growth story by new-age ideas, technology and innovation the masses and to position India on a strong foundation in the global business arena, according to a CII press release.

The Indian industry can come together to create a pool of capital that can be utilised towards supporting new businesses and research, the minister said.

CII director general Chandrajit Banerjee proposed to Goyal to have a joint working group with the Department for Promotion of Industry and Internal Trade to formulate a national strategy and focus on sector-wise reforms.

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