As I see it, there is learning that needs to flow both ways - CIO's to Emerge Companies and Emerge Companies to CIOs. These may be just restatement of what Kishore is proposing in broad outlines, but I am imagining to add value here: 
I would propose the following for CIOs to Emerge Company Direction:
a. A CIO-Emerge Perception-Opportunities-Challenges one day conference: The goals of this conference would be to introduce Emerge companies to the perspectives, perceptions, opportunities and challenges that CIOs face when considering Emerge companies for their needs - What will it take for them to consider Emerge companies without risk to themselves and their companies? What areas are they looking for less expensive, innovative solutions? SaaS, OpenSource, etc. The idea here is for the CIOs to share their frustrations and why they may consider buying from Oracle instead of a local Indian Emerge company?
b. If there are official India CIO organs like newsletters, how do we make them available to Emerge members. This could be ongoing education of Emerge companies.
On the reverse direction Emerge companies to CIOs:
a. Emerge Company Open Houses by City : This is identifying three or four major cities depending upon Emerge company momentum and organizing a one day Open house. Emerge companies can set up their booths and do demos.
b. Emerge company Emerging Technology Conference: Just like we did Emerge 50, select a few Innovative Emerge companies and have them present their technologies. This way CIOs can get some valuable inputs of new ways to solve old problems.
c. Success stories Conference - Emerge companies and CIOs come and talk about successful application of Emerge company technology with Indian CIOs. Process they went through and how they managed the risk and questions that come with choosing a small or medium sized vendor instead of choosing"IBM or Oracle where nobody got fired for doing so"!
In the both directions category:
a. Cross posting of certain entries from Emerge blog to CIO blogs if the author thinks relevant. This does not have to be fancy integration but just the membership and the ability to log into the other system and post the same things.
b. Cross posting of Newsletters from both sides on each others' forums.
Hope this is useful!