New Delhi, Jan. 21 -- Union Minister Ashwini Vaishnaw on Wednesday said that although India maintains ongoing engagement with major global powers, the World Economic Forum (WEF) serves mainly as a forum for dialogue and exchange of ideas, not for conducting formal trade negotiations between nations.

Davos Focused on Panels and Bilateral Interactions

"The format of Davos is one where we generally participate in panels and bilateral interactions. Trade meetings take place according to countries own schedules and negotiation frameworks. This is not a forum where delegation-to-delegation trade talks are held," the minister said.

He added that India is deeply engaged with all major economies across multiple areas through established diploma...