Vienna Declaration: The IGBP is established in accordance with the articles prepared under Vienna Convention on the Representation of States in their Relations with International Organizations of a Universal Character (hereinafter the 1975 Vienna Convention), Article 2, paragraph 1 (n) of the Vienna Convention on Succession of States in respect of Treaties (hereinafter the 1978 Vienna Convention) and Article 2, paragraph 1 (i) of the Vienna Convention on the Law of Treaties between States and International Organizations or between International Organizations (hereinafter the 1986 Vienna Convention).
IGBP is the collective voice of global business in the Global Compact. Although not a part of the UN formal intergovernmental structure, its personal mandate in lines of United Nations. The Board of Trustees of IGBP places the initiative clearly in the UN context following the adoption of the Global Compact Governance Framework in 2005. IGBP published a policy statement on “the role of the United Nations in promoting corporate responsibility”, in which IGBP presented global business views on the role of the Global Compact and suggestions to improve its effectiveness. IGBP has also strengthened its working relationship with the Global Compact mandate in two vital areas under the Global Compact’s remit: anti-corruption and environment.
India is fast becoming a major source of foreign investment for the rest of the world. A number of private and state-owned players are progressively expanding their footprints abroad through direct investments. In the next 15 years, over 2,200 Indian firms are expected to invest in markets overseas. Indian firms invest in foreign shores primarily through mergers and acquisition (M&A) transactions. With increasing M&A, companies will get direct access to newer, more extensive markets and better technologies, which would enable them to increase their customer base and achieve a global reach. The Reserve Bank of India (RBI) recently liberalized/rationalised guidelines for foreign investments abroad by Indian companies. It raised the annual overseas investment ceiling for Indians to US$ 125,000 from US$ 75,000 to establish joint ventures (JV) and wholly owned subsidiaries. The government's supportive policy regime complemented by India Inc's experimenting outlook could lead to an upward trend in outward foreign direct investment (FDI) in future.
As the world business organization, IGBP has the network and experience to offer you an unrivalled opportunity to build partnerships around the world. Partnering with IGBP demonstrates your commitment to setting global standards and best practices, while getting visibility with the major decision makers in global business and advocacy