FICCI & UNISDR Organized the "First Private Sector Conference: GLOBAL UNITED FUND Business Investment Opportunities"

A special conference is being held to focus on the setting up of a GLOBAL UNITED FUND, the world's first $100 Million Fund to bring Government and Private Sector together for Business Sustainability through Disaster Risk Reduction. End Quote

Anchorage, AK (1888PressRelease) November 04, 2016 - To build up capacity of the nation in Disaster Management a strategic alliance was formed between the Federation of Indian Chambers of Commerce and Industry (FICCI), and National Institute of Disaster Management in September 2004.

The approach of disaster management earlier was reactive and relief centric. India has been traditionally vulnerable to natural disasters on account of its unique geo-climatic conditions.

Since then three National Level Workshops have been conducted at New Delhi, Hyderabad and Mumbai and an International Conference on "Spatial Data Infrastructure and its Role in Disaster Management" was held in Chennai.

FICCI Secretary General A Didar Singh said: "The need of the hour is to increase private sector involvement in the disaster risk management. Organized by FICCI, along with UNISDR, ARISE and NIDM, the first Private Sector conference being held on sidelines of AMCDRR conference with focus on private sector involvement sets out to create a concrete roadmap for implementing resilience-building measures through innovative innovations support by creation of a Global United Fund."

Harkesh Kumar Mittal, Adviser, Member Secretary, National Science & Technology Entrepreneurship Development Board (NSTEDB), said the Government does not know how to do business, academia does not know how to do business, it only the industries which know how to do business. So, their involvement is required as disaster creates opportunities in the fooding, shelter and construction and rescue area.

Sr Director FICCI, Nirankar Saxena said, "September 2004 was a landmark for Federation of Indian Chambers of Commerce and Industry, when it formed a strategic alliance with National Institute of Disaster Management to build up capacity of the nation in Disaster Management. Since then three National Level Workshops have been conducted at New Delhi, Hyderabad and Mumbai . The aim of these events has been to spread general awareness and build up the capacity of the various stake holders in mitigation of disasters."The speakers for the conferences were well reputed in their respective fields. The program was received well and a record number of 750 - 800 participants attended.

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