Horasis India Meeting
AIMA was one of the co-organisers of the 2016 Horasis India Meeting on 3-4 July in Cascais, Portugal, convened by Horasis and co-hosted by the Portuguese Government, the City of Cascais and the Confederation of Indian Industry (CII).
AIMA contributed with a high profile delegation of speakers and participants including Mr Sunil Kant Munjal, Sr Vice President, AIMA and Joint Managing Director, Hero MotoCorp Ltd. & Chairman, Hero Corporate Service Pvt Ltd; Mr Rajive Kaul, Chairman, NICCO Group; Mr Sudhir Jalan, Chairman, Jalan Group; Mr Sanjay Budhia, Managing Director, Patton Group of Companies and Ms Rekha Sethi, Director General, AIMA.
The Horasis India Meeting gathered a host of decision makers from business and government to discuss India's role in the global economy and to shape the country's future direction. The event was open to the Chief Executive Officers of India's and the world's leading companies. Gen. V K Singh, Minister of State for External Affairs and Overseas Indian Affairs, India and Mr Manuel Caldeira Cabral, Minister of Economy, Portugal discussed how their two nations looked forward to forging closer links through cultural exchanges and through investment.
A major facet noted by the delegates is India's continued rapid growth as shown in its GDP figures. Now it is the world's fastest growing economy though it might falter as the global growth has slowed. Delegates noted that the Chinese 'slow-down' has forced knock-on effects globally and also in some Indian economic sectors, nevertheless e-commerce (with all its structural challenges), healthcare, and pharmaceuticals, are growth sectors. Entrepreneurs remain optimistic and the investment mood, an indicator of future growth, is positive.
In the opening plenary session Mr Sunil Kant Munjal shared his views on India and the World Economic Outlook and how the Indian & global economy will perform in 2016-17. Mr Rajive kaul, in another plenary session, spoke on how India as the new engine of globalization is changing the balance of investment, trade and prosperity worldwide. Mr Sanjay Budhia discussed how the global geopolitical and economic shifts are shaping India's future and how is it impacting business in India and elsewhere. Mr Sudhir Jalan spoke on how can innovation propel the Indian economy up the value chain and the strategies that can help Indian firms enhance their competitive edge in a global landscape. Ms Rekha Sethi spoke on achieving gender parity and how can gender-based norms and perceptions be transformed to harness women's economic and creative potential.
The Horasis India Meeting is the foremost annual meeting of Indian business leaders and their global counterparts. This meeting provides a platform for business and government to discuss a wide range of issues related to the Indian economy. The meeting this year gathered 300 senior decision makers from business and government from around the globe engaging them to shape India's future directions.
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