IndiansinKuwait.com - India Kuwait News and updates

IndiansinKuwait.coom

India is going to be the world's next growth engine, IBPC organized a panel discussion

IIK Staff Reporter Monday, December 5, 2022
India is going to be the world

Indian Business and Professional Council Kuwait organized a panel discussion on "India - World's next growth engine" at Jumeirah beach hotel Kuwait on Sunday, December 4th. Mr Dari Ali Al-Rasheed Al Bader, Chairman of Kuwait-based Asiya Investments, Mr Siddhartha Bhaiya, Managing Director of Mumbai based Aequitas Investment and Gurvinder Singh Lamba, Chairman of IBPC, attended the panel discussion, which highlights India becoming the world's next growth engine.

Inaugurating the panel discussion, Smt Smita Patil, First Secretary - Political & Commerce - Indian Embassy, said that in the last few decades, India is slowly and steadily reclaiming our space, and it is time the world looks at India. In the coming decade, India will be driving one-fifth of the total global growth, she said. "There is a clear political will and certain leverages India is enjoying today. This has been clearly translated on the ground to make India a favourite destination for inwards FDI," Smt Smita Patil said.

Mr Dari Ali Al-Bader shared how Asiya Investments became part of India's growth story with their own investments in India for over a decade. "We have made major investments in the hospitality sector and Green energy sector in India, both of which are considered growth sectors in India as the country stands to benefit from an expansion in the economy and a growing middle class. " Mr Dari Al-Bader said. Asiya Investments, owns six hotel properties in India across Chennai, Hyderabad, Pune, Jaipur and Ahmedabad in addition to land parcels in Mumbai and Indore. " India offers 100% FDI, and today the ease of doing business in India has also improved," Mr Dari Al Bader said.

"The biggest factor on India's growth story today is our focus towards education," Mr Siddhartha Bhaiya, Managing Director of Mumbai-based Aequitas Investment, said. The quality of people India exports to the world is phenomenal. In every big company around the world, Indians occupy the senior post.

Manufacturing is one of the sectors I bet in the coming decade, Siddhartha Bhaiya said. The kind of support the Indian government is offering to manufacturers is unparalleled. Today if you want to set up a manufacturing plant in India, the state government is fighting each other to offer you all benefits. Some states are also offering 50% capital support, he said.

India also made a big move in the digital space, the panel opinioned. You can travel across India without carrying any cash in your pocket. Even the autorickshaws in a village take UPI payment. You don't need to visit any bank branch for any of your banking needs. The window of opportunity India offers is unparalleled, the panellist said.

IBPC members and business leaders also actively participated in the panel discussion. Mr Sunil Kumar Singh, VP Markaz, moderated the discussion. IBPC Secretary Mr Soly Mathew welcome the audience and Jt. Seretary Mr Suresh KP proposed vote of thanks. IBPC Treasurer Mr Sunit Arora compared the evening.



📣 IndiansinKuwait.com is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines

Read this article online at

Express your comment on this article

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News

 
Tulu Koota Kuwait organized free medical checkup and consultation camp

Tulu Koota Kuwait conducted a free medical checkup and consultation camp in coordination with Badr Al Samaa Medical Center F...

Aligarh Muslim University Old Boys’ Kuwait Association conducted Family Get-together & General Body Meet 2023

Aligarh Muslim University Old Boys’ Association- Kuwait Chapter conducted Family Get-together & General Body Meet on 20th of...

Yuva For India Celebrated National Youth Day 2023

Yuva For India celebrated National Youth Day 2023 and conducted Youth Empowerment Workshop "I-Transformation " at Abbassiya ...

Angamaly Pravasi Association celebrated Christmas and New Year 2023

Angamaly Pravasi Association Kuwait (APAK) celebrated Christmas and New Year 2023 on January 12th(7pm) at United Indian Sch...

Kollam Jilla Pravasi Samajam elected new office bearers

Kollam Jilla Pravasi Samajam , Kuwait ( KJPS), conducted its Annual General Body Meeting on 20th January 2023 at Poppins H...

go top