Mangalore: City’s Panama Group Heads for World Economic Forum in China
Pics: Dayanand Kukkaje
Daijiworld Media Network—Mangalore (SR/CN)
Mangalore, Sep 9: Panama Group of Mangalore is headed for the World Economic Forum as a global growth company.
Vivek Raj, chief executive officer (CEO), Panama Group, speaking at a press conference held at Ocean Pearl on Tuesday September 9, said that they are trading in 17 different minerals with trades over 35 million tonnes yearly.
From Monday September 13 to Wednesday September 15, the World Economic Forum will present its new class of technology pioneers during ‘Summer Davos’ in China, which is the most powerful organization which decides policy for world class corporate governance for the entire world.
The benchmark for selecting a company is minimum US $100 million (Rs 450 crores). In recognition of top business pioneers, it has selected and invited Vivek Raj for the annual meeting of new champions in Tainjin, China. The forum has selected Panama Mining Industries Corp Ltd for its potential growth prospect.
Every year, the forum selects some companies from around the world as part of the global growth company community. He will meet chief minister B S Yeddyurappa, CEO of Sinosteel, the Queen of Jordan, CEO of Nestle, and the Chinese premier who will inaugurate the summit.
Panama Group has developed and has spread out providing various services internationally in trading of minerals, iron ore, limestone, bauxite, shipping, beneficiation of iron ore, and many others.
The group has also diversified into wind energy and logistic operations. It plans to set up a state-of-the-art beneficiation plant in Karnataka to partner with some of the world’s largest steel plant companies to process more then 5,000 tonnes per day.
Walter Monteiro, manager, Cila Advertisers, was also present on the occasion.