The forum shall be attended by more than 3,000 world leaders from the diverse segments of business, art, academia, politics and civil society.
The prime minister is being accompanied to Davos by Minister of Innovation, Science and Economic Development Navdeep Bains, Minister of Finance Bill Morneau, Minister of Foreign Foreign Affairs Chrystia Freeland and Minister of Status of Women Maryam Monsef.
PM Modi is the first Indian Prime Minister to attend Davos meeting in about 20 years since HD Deve Gowda in 1997.
The World Economic Forum is to meet from January 22 under the broad theme 'Creating a Shared Future in a Fractured World.
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According to a government officer, later in the evening the prime minister will also host a roundtable dinner at the main venue of the forum, which will be attended by at least 1500 delegates. The last visit of a Canadian Prime Minister to India was in November 2012.
General Aldo Schellenberg told The Associated Press that the number was not changed following the announcement that Trump would be the first serving president US president to attend in almost 20 years. Thanking Modi, he said his country will continue to strengthen "our relations" with India. Bollywood star Shah Rukh Khan will also be there.
New allegations of racist behavior on the part of President Donald Trump have surfaced, this time suggesting he mocked the Prime Minister of India by imitating his accent.
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Who's behind it: The forum is the brainchild of German economist Klaus Schwab, who originally called it the European Management Forum.
Berset greeted Modi with a warm handshake in this town in the Swiss Alps before leading the Indian leader to the meeting.
On Tuesday, he will interact with global business community members, besides delivering his keynote address.
Ever since the Prime Minister took over, he has been pushing hard to make India the world's next manufacturing hub.
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