Davos World Economic Forum Live: WEF Summit To Kickstart With Crystal Award Ceremony

World Economic Forum Summit Live Updates: Hello and welcome to the ABP Live blog to catch all the updates from World Economic Forum (WEF) being held at Davos from January 16 to 20.

Global leaders are coming together, including around a hundred participants from India, to discuss ‘cooperation in a fragmented world’.

More than 50 heads of governments or states are expected over the next five days for the meeting beginning Monday, while four Union ministers — Mansukh Mandaviya, Ashwini Vaishnaw, Smriti Irani and R K Singh — as also Maharashtra Chief Minister Eknath Shinde, along with a number of officials and business leaders would be present from India.

AAP leader Raghav Chaddha and so are Telangana minister KT Rama Rao and Tamil Nadu minister Thangam Thennarasu are also attending the Davos summit 2023.

Among business leaders, Gautam Adani, Sanjiv Bajaj, Kumar Mangalam Birla, N Chandrasekaran, Nadir Godrej, Ajit Gulabchand, Sajjan Jindal, Sunil Mittal, Roshni Nadar Malhotra, Nandan Nilekani, Adar Poonawalla, Rishad Premji and Sumant Sinha are likely to be present.

The meeting will call on leaders from across the globe to address immediate economic, energy and food crises while laying the groundwork for a more sustainable and resilient world.

The theme of the 53rd Annual Meeting would be ‘Cooperation in a Fragmented World’ and it will convene more than 2,700 leaders from 130 countries, including 52 heads of state/government.

The WEF said the annual meeting comes as multiple crises deepen divisions and fragment the geopolitical landscape and leaders must address people’s immediate, critical needs while also laying the groundwork for a more sustainable, resilient world by the end of the decade.

“We see the manifold political, economic and social forces creating increased fragmentation on a global and national level. To address the root causes of this erosion of trust, we need to reinforce cooperation between the government and business sectors, creating the conditions for a strong and durable recovery,” WEF Founder and Executive Chairman Klaus Schwab said.

“At the same time there must be the recognition that economic development needs to be made more resilient, more sustainable and nobody should be left behind,” he added.