Hyderabad : The Federation of Karnataka Chambers of Commerce & Industry (FKCCI) today inaugurated the three-day ASEAN Chambers of Commerce & Industry Business Meet 2019 at Vidhana Soudha by the Hon’ble Chief Minister of Karnataka, Shri H D Kumaraswamy.

The summit aims to explore the scope for business opportunities in the Karnataka region of India. Focus areas are Automobile & Auto Components, Aerospace & Defense, Engineering & Fabrication, Smart Cities, Agriculture/Horticulture & Food Processing, Health & Pharmaceuticals, Ayurveda & Yoga, Herbal Tourism, Startups, Textiles & Garments, Gems & Jewelry, Education & Skill Development, Fintech, Logistics, Medical Electronics, Aquaculture & Fisheries, Infrastructure, Information Technology and Renewable Energy.

Speaking at the inauguration of the summit, the the Hon’ble Chief Minister, Government of Karnataka, Shri H D Kumaraswamy said, “Karnataka has immense potential which is still unmapped and unexplored. Hence, this summit will help explore this potential for the development of the country as a whole which in turn will contribute to the making of ‘New India’ that has emerged as the world’s leading investment destination.”

This 3-day summit will be the first of its kind as there has not been any meet of the major Chambers of Commerce of ASEAN PLUS and that too in Bengaluru. The International Business Meet will bring together the Chambers of Commerce, Exporters and Importers of ASEAN, ASEAN Plus countries along with some Special Invitee countries, High-profile conference delegates from India & Overseas, C Level and Top management of Leading Corporates and Industry, Bureaucrats, Policy Makers and Heads of PSUs and Members of National and State Industry Associations on a single platform to promote Trade, Business and Investments for mutual benefit of both the host country as well as the participating countries.

The event spectrum will see participation of special countries such as UAE, Hong Kong, UK, Germany, France, ASEAN: Plus Eight Countries such as USA, India, China, Republic of Korea, Japan, Russia, Australia, New Zealand and participation from ASEAN countries like Singapore, Philippines, Thailand, Vietnam, Brunei Darussalam, Cambodia, Indonesia, Myanmar and Malaysia.

Inaugurating the event, Shri. Vajubhai Vala, Hon’ble Governor of Karnataka said, “I am excited to present the first ASEAN Chambers of Commerce and Industry Business Meet which is set to become a platform of choice for global investors and business leaders from across ASEAN countries. Our Government is focused on making Karnataka a global hub for innovation and FKCCI is playing a critical role in shaping the innovation ecosystem in India.”

On the occasion, Principal Secretary, Department of Commerce & Industries and Department of IT, BT and Science & Technology, Mr. Gaurav Gupta, said,“India is looking further to deepen our engagement and relationship with the ASEAN countries, and this is a great opportunity to host them in Bengaluru which serves as a destination for innovators and startups.”

Sudhakar S. Shetty, President, FKCCI, Bengaluru said, “FKCCI has always been playing a catalytic role to strengthen the commercial prospects of the state and the country. We are certain that this summit will create a positive impact on trade and commerce.”

A major highlight of this summit would be the Global Leaders Conclave which will be a power packed session with ASEAN plus countries heads / Global Industry Captains / Policy Makers coming together on a single platform to throw light on the challenges ahead, uncover potential opportunities and discuss the means to achieve exponential growth.