Lord Paul, founder of the UK-based Caparo Group of industries, had been taken ill and hospitalised recently, where he passed away surrounded by members of his family.
From the bylanes of Jalandhar to a regular name in the annual 'Sunday Times Rich List', Lord Swraj Paul, who died on Thursday evening in London aged 94, was one of the most well known NRI entrepreneurs and philanthropists.
Participating in the 150-minute long debate on Thursday, Chairman of the UK-India Business Council Lord Karan Bilimoria congratulated Lord Paul on his appointment as the Deputy Speaker of the House and said that Non-Resident Immigrants in Britain were now reaching the top positions in every field.
Lord Swraj Paul was on Tuesday appointed by the Queen as a member of her Privy Council, the British monarch's advisory group whose members include the Prime Minister, Cabinet ministers and other eminent personalities.
He said there is no decline in Modi's 'determination'.
NRI industrialist Lord Swraj Paul has asked the youth to seize the immense opportunities offered by globalisation that can benefit all nations.
Apparently referring to the 2G Spectrum scam and the Commonwealth Games irregularities, Paul in an interaction with PTI on Monday said, "Corruption should be condemned because it has become a national shame.
Speaking at the Anglo-Indian Summit on 'Investing In India', Swraj Paul said every foreign investment decision was a comparative judgement -- an evaluation of geo-risk.
The marriage was solemnised near the statue of Lord Paul's daughter Ambika, who died of leukaemia in 1968.
His faith in India remains unshaken but steel magnate Lord Swraj Paul has little doubt that it will suffer badly in the current global economic meltdown, a view contrary to that of many economists who feel that the country's strong domestic economy will help it deal with the crisis.
Britain's leading Asian businessman was appointed to the Board along with British rowing Olympians Steve Redgrave and Matt Pinsent.
Leading non-resident Indian industrialist Lord Swraj Paul on Monday said India should stop craving for foreign investments for economic growth as the Indian economy has much more potential and it does not require outside help.
The NRI industrialist said New Delhi has excellent infrastructure and had successfully hosted the Asian Games in 1982.
Observing that there was vast potential for British investment in Tamil Nadu, its Business Ambassador Lord Swraj Paul on Thursday promised full help to facilitate creation of recreation and fashion industries in the state.
Last week, when Harish Bhasin, the Delhi-based stock broker, made an open offer for DCM Shriram Industries Ltd, he was back in news after almost 25 years.
NRI industrialist Lord Swraj Paul will undertake a fortnight-long visit to India beginning Friday to take stock of the fast growing operations of Caparo automobile plants and assess further investment prospects in the country.
In its first foray into the US West Coast, NRI industrialist Swraj Paul's Caparo Group on Friday opened a $40 million steel plant.
Growth has no meaning unless India deals with 300 million people living on one dollar and 600 million people on just $2 a day, he said. Lord Paul reaffirmed his commitment to India and said that he would not suspend operations here due to lack of confidence in India's economic future.
NRI industrialist Lord Swraj Paul said he is "very bullish" about India and his Caparo group is planning to add six new auto ancillary plants in the country in the coming months.
'In my view, she was the greatest prime minister India has had until today'
M D Jindal, brother-in-law of NRI industrialist Lord Swraj Paul, has been summoned by a Delhi court re in connection with a forgery case filed against him by Caparo Maruti Ltd.
Leading NRI entrepreneur Lord Swraj Paul has scripted history by becoming the first Asian deputy speaker of the British House of Lords.
NRI industrialist Lord Swraj Paul is the second richest British Asian with business interests largely based in the UK, next only to Mike Jatania, head of the Lornamead cosmetics group.
The company, which has opened an exclusive showroom in Gurgaon, plans to open more showrooms in metros and mini metros in the coming months, the company said in a statement.
Lord Swraj Paul's Caparo Group on Monday announced further expansion of its operations in India which will include new automobile spare parts manufacturing plants in Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana.\n\n
In a society where corruption is endemic and you want to get something done then it is all too tempting to offer a bribe, Swraj Paul said.
Taking on his critics, mostly from the media, the 78-year-old Labour peer requested the House for a probe into the allegations that he claimed 38,000 pounds between 2004 and 2006 for staying in a flat at Oxfordshire which is part of a hotel owned by him.
Paul, who will soon lead a British Parliamentary delegation to India, said: "The CPA wants Commonwealth governments to respond to the needs of people -- to build communities, to address the challenges arising from the growth of urbanisation, to agree a global trade deal and to tackle the greatest threat to us all -- climate change." "There remains more work to be done in Pakistan, Bangladesh and Fiji, but the pressure is on," Paul said on Monday night.
Under the project, The World in London, the Photographers' Gallery commissioned 204 photographic portraits of Londoners, each originating from one of the nations competing at the London Olympics and Paralympic games from Friday.
Lord Swraj Paul, business ambassador of Britain, on Monday called upon Indian businessmen to capitalise on the goodwill and respect the country enjoys in the United Kingdom to further enhance an already flourishing Indo-British trade.
NRI industrialist Lord Swraj Paul on Wednesday said that the Indian government should first target containing inflation rather than focus on growth. Lord Paul said that it is necessary that India should focus more on containing runaway inflation witnessed at the moment, which hit the poor people hard. Referring to the recent acquisitions made by the Tatas in UK, he said that UK was delighted to welcome the Tatas there. Relationship between India and UK was at its peak now.
NRI industrialist Lord Swraj Paul has donated $500,000 to the Carnegie Mellon University in North America for developing an infant Lab Suite in memory of his daughter Ambika.
He has been appointed a member of the Science and Technology Select Committee of the House of Lords.
About the problems faced by manufacturing industry in the UK, Lord Paul, who recently scripted history by becoming the first Asian deputy speaker of the House of Lords, expressed hope that the Banking Bill would end the uncertainty surrounding lending terms and conditions.
Lord Paul, who led the delegation to his ancestral village and also to educational institutions set up by Apeejay Foundation founded by his elder brother Satya Paul, said Indo-British ties are now the strongest as ever.
The debate comes in the wake of Barclays chief executive Bob Diamond's resignation after the bank was fined 290 million pounds last week after some of its derivatives traders were found to have attempted to rig Libor -- the London inter-bank lending rate.
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