Cabinet approves preparations for India’s G20 presidency

Cabinet approves preparations for India’s G20 presidency

The Union Cabinet on Tuesday approved setting up of a G20 secretariat to put in place arrangements required for India’s presidency of the prestigious grouping.

India will hold the Presidency of the G20 from December 1 to November 30, 2023. India will host the G20 summit next year.

cabinet approves setting up of g20 secretariat ahead of india's presidency - businesstoday

“The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved the setting up of a G20 Secretariat and its reporting structures, which will be responsible for implementation of overall policy decisions and arrangements needed for steering India’s forthcoming G20 Presidency,” the government said in a statement.

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G20 is the premier forum for international economic cooperation that plays an important role in global economic governance.

“As per practice, a G20 Secretariat is being established to handle work relating to substantive / knowledge / content, technical, media, security and logistical aspects of India’s G20 Presidency,” according to the statement.

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“It will be manned by officers and staff from the Ministry of External Affairs, Ministry of Finance, and other relevant line Ministries / Departments and domain knowledge experts,” it said.

The government said the secretariat will be functional till February 2024.

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Italy held the G-20 presidency in 2021 while Indonesia will play the role till November, 2022. Italy, Indonesia and India are the G20 troika countries at present.

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