Indo European Business Forum (IEBF) hosted the Indo European Business Meet 2019 on ‘Business Opportunities in New India: 5 trillion dollar economy by 2024-25’, on Monday, 18th November 2019 at the House of Lords, Westminster, London. The event was graced by the presence of Right Hon’ble Baroness Verma, Lord Dholakia, Lord Loomba, Ruchi Ghanshyam, High Commissioner of India to the United Kingdom, Mr. Rajesh Agarwal, Deputy Mayor of London for Business, Senator John Le Fondre, Hon’ble Chief Minister of Jersey, Mr. Suniel Shetty, Indian Film Actor, Mr. G.P Hinduja, Chairman, Hinduja Group, Mr. Vaibhav Dange, Advisor at Ministry of Road, Transport and Highways, Mr. Kapil Dev, Former Indian Cricket Captain, Ms. Ritu Prakash Chhabria, Managing Trustee Mukul Madhav Foundation, Mr. Ross James, CEO, Accloud, Mr. Apoorv Sharma, Founding partner of Venture Catalysts, Mr. Vijay Goel, Founder IEBF, Mr. Sunil Kumar Gupta, Leader, IEBF - India, Mr. Ranu Gupta, Founder Wizcounsel, and other business leaders.
The event was marked with the launch of the research report on ‘New India: A $5 Trillion Economy by 2024-25’, written and compiled by Mr. Sunil Kumar Gupta.
The speakers highlighted the investment opportunities lying ahead and the ways of reaching the $5 trillion economies by 2024-25. Mr. Gupta highlighted the different sectors contributing to the major share in the Indian economy, and the steps that the government has taken to increase the productivity of these sectors and engage more manpower in these sectors.
Mr. G P Hinduja emphasized that although India is seeing major investment opportunities in the country, the road is full of thorns. It is difficult to achieve the $5 trillion target in the next 5 years. Certain laws and processes should be made to speed up the entire process and for ease of doing business in India. Mr. Hinduja mentioned that the OCIs all over the world are ready to invest in the country provided that process gets simplified, consumes less time, and becomes more practical.
Mr. Kapil Dev, on the other hand, showed his confidence in the fact that India will definitely see a huge economic growth in the near future. He stated that although it may take some time to achieve the target, we must be patient, follow the law and go by the legal procedure. Mr. Dev mentioned that India is a peace-loving country that is ready to do business, and welcomes all the investors to invest in the country.
The event ended by presenting eight IEBF Excellence Awards to the business leaders for their excellent achievements in their various sectors.
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