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  In the closing plenary session, panellists reflected on the key take-aways of the Global India Business Meeting and discussed how to build global firms of Indian origin: Improving

Christian Ude, Lord Mayor, City of Munich Liu Jiren, Chairman,Neusoft - comparing India with China

corporate performance has to be a priority for the new Indian government, argued Gerhard Cromme, Chairman, Siemens and ThyssenKrupp, Germany.

‘To do so will entail such measures as investment in infrastructure, both from the public and private sector,’ he concluded.‘Unemployment must be addressed. Education is the key - it is the solution to unemployment and all other challenges in India,’ continued Jim Goodnight, Chairman, SAS, USA.‘Aspiring global Indian firms have to increase their interactions on all levels with their counterparts from foreign countries,’ said Kris Gopalakrishnan, Chief Executive Officer, Infosys, India.‘And we need to learn to explore the future by enacting corporate transformations with a long term horizon.’

Riding the next wave of financial services in India

Arun Shourie, former Indian Minister of Disinvestment, Communication and Information, AlexThomas, Director of the Ras Al Khaimah Investment Authority (RAKIA) and ManfredWutzlhofer, Chairman of Messe München International, addressed the Gala Dinner on 29 June. ‘Relations between India and Germany are very good,’ said Arun Shourie.

He predicted that ‘at this moment, no matter which administration is in office in India, relations have been very close and are likely to become even closer.’ManfredWutzlhofer held that ‘the Indian market is one of our key markets of future growth.We already established a subsidiary in India to capture the potential India is offering.To my mind the India-Europe axis is extremely important as a factor for economic prosperity on a global level.

’AlexThomas concluded that ‘India's fast-growing economy has opened a wide range of business opportunities.We intend to build on this momentum to further expand our activities in the country.’ RAKIA which manages the funds of the emirate Ras Al Khaimah, part of the United Arab Emirates, spearheads several large-scale infrastructure projects in the region.

Gunjan Sinha, Chairman,MetricStream - what should domestic and foreign firms do to thrive in India's financial markets

Horasis has created the Global India Business Meeting to bring together CEOs from emerging markets – with India at the core – and business leaders from the developed world.We envision to attract leading Indian and global CEOs year after year, creating a community of engaged leaders from business and government. Participants from India perceive the meeting as a global platform for a constructive dialogue with leaders from other world regions.

The Global India Business Meeting is held in the recognition that growth strategies require thought leadership and mutually beneficial peer-to-peer networks.The meeting is structured to provide a maximum amount of knowledge exchange and interaction in a variety of formal and informal settings.The meeting shall permit candid and intensive dialogue whilst incorporating a diversity of views and experience.

The Global India Business Meeting closed on a note of optimism for India and called for stronger collaboration between private and public sector initiatives to address the global economic turbulences.As Harshpati Singhania,Managing Director, JK Paper; President, FICCI, India, concluded, the strong engagement of leaders joining the Global India Business Meeting showed ‘the importance of India and entrepreneurial mentality and spirit of people who look beyond the crisis and see opportunities.’

Michael Ducker, President International, FedEx Express, USA, added:‘Our hope is that the meeting will encourage a close partnership between India and the world in order to stabilize the global financial system through entrepreneurship, innovation and internationalization. In short, to allow both India and the world to better face the challenges of globalization in these challenging times.’

Horasis looks forward to welcoming you back to next year’s edition of the Global India Business Meeting.

Murugesh R Nirani,Minister for Large & Medium Industries, State of Karnataka Amit Mitra, Secretary General, FICCI Claude BegleĢ, Chairman, Swiss Post, listening to his co-panelists Jim Goodnight, Chairman, SAS, on globalization and education

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