SAARC Chamber of Commerce and Industry (SCCI) in collaboration with Federation of Indian Chambers of Commerce and Industry (FICCI) organized Second SAARC Business Leaders Conclave from February 17-18, 2007 at Mumbai. The objective of the second SAARC Business Leaders Conclave was to liberalize South Asian economies from regulations & restrictions and strengthening collective self-reliance for accelerating economic growth in the region.
Pranab Mukherjee, Foreign Minister of India was the chief guest and inaugurated the conclave. Mr. Chenkyab Dorji, Secretary General SAARC grace the conclave with their presence.

Second SBLC was focused to develop new mindsets and change attitudes in the SAARC region to ensure economic and social stability and prosperity. The conclave intended to provide a channel to discuss new comparative advantages in South Asia to efficiently allocate resources and thereby enable the whole economy to expand and develop optimally. Conclave addressed the common challenges that incorporate the whole region particularly India and Pakistan. Much focus is needed to create peace constituencies without which even the regional development cannot be ensured.

Internationally renowned eminent personalities like Nobel Laureate Prof Joseph Stiglitz, of Columbia University, Prof Alan Greenspan, former Chairman, Federal Reserve, USA, President, Asian Development Bank and the likes was invited to share their vision and views during the conclave.

The conference reviewed the implementation of the December 2005 Kabul Declaration on Regional Economic Cooperation. Participants explored ways to strengthen cooperation in the areas of electricity, transport, trade, investment and agriculture, while promoting capacity building and focusing on regional projects.