ET World Leaders Forum: Star-studded lineup to take centre stage on Aug 22
Economic Times World Leadership Forum
(ET WLF) returns on August 22-23, bringing together some of the sharpest minds from boardrooms, trading floors and innovation hubs across the world to share insights at a time of trade wars,
geopolitical tensions
and economic uncertainty.
The theme for this year is The Next Global Order: Power, Purpose & Partnership.
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Over two days at New Delhi's Taj Palace hotel, global CEOs, entrepreneurs and visionaries will decode the forces reshaping global trade-from shifting power equations to artificial intelligence (AI) breakthroughs-offering the audience new perspectives to make sense of and navigate these turbulent times.
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India Opportunity
From the world of consulting, Christoph Schweizer, chief executive of BCG, and Mohamed Kande, global chairman of PwC, will be sharing their views at the country's top platform for exchange of ideas.
A highlight of the forum will be Sir Martin Sorrell, the legendary dealmaker who has shaped and reshaped the global advertising industry multiple times over his storied career. The chairman of S4 Capital may share his playbook.
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Chris Wood, CIO at Jefferies, will offer his take on what geopolitical headwinds mean for Indian equities and how global investors are sizing up the India opportunity.
International investors such as David Steinbach, managing partner at Hines, one of the world's largest privately held real estate investors and managers, and Ritu Arora, chief executive of Allianz Investment, Asia Pacific, will reveal how global capital sees the India story.
Federico J González, global vice-chairman of Radisson Hotel Group, and Puneet Chhatwal, managing director and chief executive of
Indian Hotels
, will share their perspectives on emerging trends in the Indian hospitality sector, which is among the best-performing in the world.
India's legal sector is opening for global competition. And Sunny Mann, global chairman of Baker McKenzie, one of the world's top law firms, is on the speaker list.
ET WLF also has a lineup of top technology CEOs flying in to share insights as AI emerges as a megatrend, with every company and leader eager to understand its disruptive potential and the opportunities it creates.
They include Jonathan Ross, founder of Groq, one of Silicon Valley's most talked-about AI chipmaking startups, along with Truecaller global chief executive Rishit Jhunjhunwala, bestselling author and Publicis Sapient CEO Nigel Vaz, globally acclaimed software leader and Vianai Systems founder Vishal Sikka, Clearwater Analytics chief executive Sandeep Sahai, Nothing cofounder Akis Evangelidis, Tredence CEO Shub Bhowmick and Stack Overflow chief executive Prashanth Chandrasekar.
These heavyweights will dive deep into the large-scale technology transformations changing the IT business and reshaping companies worldwide.
Chris Perry, global president of the $31-billion market cap fintech Broadridge Financial Solutions, will speak on the next big AI revolution in financial services.
With Bitcoin touching all-time highs, Bitget chief operations officer Vugar Usi Zade, Coinweb Labs chief executive Toby Gilbert, and Polygon Labs founder and CEO Sandeep Nailwal will discuss the next chapter for
digital assets and blockchain
innovation.
Japanese corporate leaders Kosuke Mori, CEO of Saison International, and Koichi Zaiki, managing executive officer and Asia-Pacific chief executive at Mizuho Bank, will share an outsider's view on doing business in India.
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Indian Express
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In industrial belt near Delhi, Trump's tariffs cloud outlook for export of engineering goods
In one of the many cavernous sheds dotting Ghaziabad, the industrial suburb on the outskirts of the Capital, a giant stands silent. The massive metal forging machine, hauled from China only months ago at a cost of Rs 20 crore, glints under the dim factory lights, its steel body collecting a fine coat of dust. It was meant to be the future: sleek, electric-powered, capable of shaping metal with precision and scale. Yet, in its shadow, the old ritual continues. A knot of workers, sleeves rolled, faces flushed with heat, gather around a much smaller press, striking molten metal with steady, rhythmic blows. The clangs echo through the workshop like the heartbeat of an older era. For Ghaziabad-based CD Industries, a manufacturer of metal flanges feeding oil and gas exploration rigs across the US, the dormant machinery was supposed to answer the shifting demands of its overseas clients. Instead, it waits, inert. 'Baal mundwaate hi ole padne lage (It started raining hail stones as soon as one got his hair shaved),' Pankaj Agarwal, Director, CD Industries, told The Indian Express at his manufacturing plant in one of Ghaziabad's biggest industrial belts on the Bulandshahr Road. Agarwal had purchased the electric metal forge to exclusively service client requests from the US, who had asked him to make flanges of up to 16 inches, as opposed to his current capacity of eight-inch flanges. But, with US President Donald Trump's decision to raise tariffs on several Indian goods – to 25 per cent, with a further 25 per cent increase threatened by August 27 – new orders have dried up for Agarwal, and many engineering goods exporters like him. Increasingly, several US-based vendors are even cancelling earlier orders, resulting in significant financial losses for several Indian medium and small enterprises. Engineering is the largest industrial sector in India and accounts for 3.53 per cent of the country's Gross Domestic Product (GDP). The engineering goods export of India had a share of 25.22 per cent out of the total exports during the financial year FY24, as they jumped to $109.22 billion as compared to $106.93 billion during FY23. In FY25 (April to December), India's top five export destinations in the sector were the US (15.82%), the UAE (7.36%), Saudi Arabia (5.24%), Singapore (4.46%) and Germany (3.52%). Industries like auto components and metal works are particularly at a disadvantage. For CD Industries, the US is its exclusive export market, accounting for 50 per cent of the company's turnover. 'While we are continuing to deliver the previously placed orders, new enquiries have stopped coming in. For some companies, their previous orders have been cancelled, as importers are seeking a discount, which many manufacturers are not in a position to accept,' Agarwal said. His products are supplied across the length and breadth of the US, from the West Coast to the East Coast, and Texas to New York. 'The tariff situation is bothering us, haunting us, and we are really, really worried,' he said. His plant in Ghaziabad employs 225 people, including floor workers, project managers and quality control managers. For now, he says the older orders not getting cancelled – a fact he attributes to his long-standing relationship with his vendors, dating back 20 to 30 years – has allowed him to not trim the workforce. But if the situation continues for a longer time, he may have to let go of some workers, Agarwal said. Sanjeev Sachdev, general secretary of the Industrial Area Manufacturers' Association in Ghaziabad, said there are more than 400 manufacturing plants in the belt, which employ over 75,000 people. 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Agarwal, Chadha and Sachdev, all said that the government's help to support companies in distress is the need of the hour. 'We expect the government to extend Remission of Duties and Taxes on Exported Products (RoDTEP) to the steel sector and restart the interest subvention scheme to ease the pain,' Chadha said. Vinod Kumar, president of the India SME Forum, said that export-focused countries like China have heavily invested in promoting their products globally. 'India has not done that over the years. This is a systemic problem. The nature of trade has changed over the years. Only production is not going to solve your problem, we have to market them effectively,' he said.
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