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Rediff.com  » Business » Global fundmen on India trip

Global fundmen on India trip

By Kausik Datta in Mumbai
October 07, 2004 12:03 IST
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A group of global investors and consultants will be hitting the Capital for a three-day summit that starts on December 5 to discuss investment opportunities in India.

The list includes executives of Boeing and Morgan Stanley of the US, Air Asia, Duetsche Bank of Germany, Artec Group of Egypt, SAS Institute, the Star group of Hong Kong, AT Kearney, CNC International Corporation of China and PricewaterhouseCoopers and officials from the World Economic Forum.

Ministers from Australia, South Africa, Brazil and China will make a comparative analysis of India and China.

Prime Minister Manmohan Singh and his colleagues, including Finance Minister P Chidambaram and External Affairs Minister K Natwar Singh, will be present. Congress MPs Rahul Gandhi and Jyotiraditya Scindia will also attend the meet.

The summit will follow Chidambaram's road shows in New York and London this month.  However, representatives of foreign companies will not hold road shows in the country.

Instead, they will discuss investment opportunities and mingle with their Indian peers like State Bank of India chairman AK Purwar, ICICI Bank CEO KV Kamath and ITC chairman Y C Deveshwar.

Apart from dwelling on investment prospects in India, the summit will also try to throw some light on India's socio-economic infrastructure, poverty, literacy and health.

The heads or representatives of major companies, including Infosys Technologies chief mentor NR Narayana Murthy, Godrej group's Jamshyd Godrej, Bajaj Auto head Rahul Bajaj, Bharat Forge chairman Baba Kalyani, AV Birla group chairman Kumarmangalam Birla and Biocon MD Kiran Mazumder Shaw, are expected to attend the summit.
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Kausik Datta in Mumbai
 

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