PiyushGoyal will lead India at the World Economic Forum in Davos from May 23-25. Davos is a global brand name, of the Swiss mountain resort where the annual economic summit is held.
The get together of Indian governments is the annual meeting of the World Economic Forum (WEF). In 2018, a Saudi investment conference was dubbed “Davos in the desert”. WEF warned strongly against imitators.
NETWORKING INC.
This yearly jamboree is officially a conference on issues, which range from global economic perspective talks to strategies and means of handling current stressed life by influential people. But lectures aren’t the only draw; networking is much more appealing.
The setting is conducive for corporate CEOs, politicians, and journalists to schmooze for four days because they are in a relatively small spot surrounded by sylvan surroundings, snow, and the serenity of Switzerland.The networking concludes with well-attended late-night cocktails provided by companies.
COMPANY BANKROLLS
It is only the companies who pay for attending all other invitees are on the house. The charge for companies is 27,000 Swiss francs per person. In addition, they must also be members of the WEF. There are open class divisions: Starting at 60,000 Swiss francs per year to a whopping 600,000 Swiss francs to be a so-called “strategic partner”.
BOYS’ CLUB
In the 50-plus years since Davos started hosting its annual meetings, it’s mostly been a Boys’ Club, despite a quota system for large firms who must bring one woman for every four men. With each passing year, the number of women is growing.
COMPLICATED JARGON
WEF is a place for complicated corporate jargon and the theme of each year’s conference is often incomprehensible. This year, it will be “Working Together, Restoring Trust”, which is presumably set against the terrible war raging in Europe and a nearly three-year-old pandemic.
HIGH PROFILERS
The summit will be attended by the world’s Who’s Who, including Indian Prime Minister NarendraModi, Japanese Prime Minister Kishida Fumio, United Nations Secretary-General AntónioGuterres, European Commission President Ursula von der Leyen, and Chinese President Xi Jinping.
Security is really strict.Snipersare stationed on every roof, and members must remove their coats, laptops, and luggage before entering the main conference centre.
GET A HAT
The attendees have to wearthe lure of a free bobble hat no matter he is a billionaire heads of state and CEOs.Every year Zurich Insurance provides bright blue knitted hats to attendees. It’s a sign of recognition for those wearing a similar hat, who may chance seeing each other outside WEF and recognise their exclusivity.
