Modi is the first Indian Prime Minister to attend Davos meeting in about 20 years since H D Deve Gowda in 1997.
The commerce ministry is working on a strategy to diversify India's export basket in a bid to boost shipments, Union Minister Suresh Prabhu said.
Prabhu said India is expected to become a USD 5 trn economy in the next 8-9 years with the manufacturing sector contributing 20 per cent to that.
Suresh Prabhu said India and UK can work together on manufacturing and developing global supply chains for the future and the services sector has a "huge" potential.
Suresh Prabhu said India stood firm on basic principles of multilateralism at the WTO's ministerial meeting last month in Argentina.
"We are in the next few weeks going to organise a major conclave in India wherein we want to bring in the world's top countries," Prabhu said.
India is being represented at the meeting by Prabhu, who will be pushing for a permanent solution to the public food stock-holding issue.
Suresh Prabhu let out more incentives while unveiling the mid-term review of the Foreign Trade Policy 2015-20 with a view to boosting exports.
Concerned over crash in pepper prices, Karnataka CM Siddaramaiah called on Suresh Prabhu and demanded ban on import of the spice commodity to save domestic growers.
Cautioning against knowledge being the exclusive preserve of a few, Suresh Prabhu made the point that yoga benefits the whole world since practice has not been patented.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)