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.
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.
Leading UK-based NRI industrialist Lord Swaraj Paul has said that he proposed to make investments in Madhya Pradesh.
"As we look to 2050 we see climate change with unprecedented levels of CO2 in the atmosphere, a looming water crisis that governments across the globe are failing to acknowledge, and a health and poverty disaster with 65 per cent of the world's projected 8.5 billion population living in mega-cities," he said.
He has been appointed a member of the Science and Technology Select Committee of the House of Lords.
Lord Paul, a member of the Lords Economic Affairs Committee, said he had strong reservations about the Committee's recommendation that immigration should be measured by the impact on income per head of resident population. He said other peers had doubts about the proposal but had not been in a majority. "The report does really concentrate on the benefits of immigration per capita, which I don't really agree with myself.
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.
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 Swaraj Paul has been appointed the first Chancellor of the prestigious University of Westminster.
A philanthropist, Lord Paul has made large donations to many organisations, including a million pound to save the London Zoo from closure. He has also worked to develop strong Indo-British relations.
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.
Terming the investment climate in India as 'very favourable,' NRI industrialist Lord Swraj Paul has said that 'too much' was being made out of the criticism by Left party allies of the United Progressive Alliance government policies.
"We are of the opinion that the G8 countries should do away with subsidies to their farmers," Lord Paul, who is heading a four-member delegation of the Commonwealth Parliamentary Association to this university township, said in Shantiniketan in West Bengal.
While India has to curtail its side, those who do business in India have to be more conscious that they should be less part of the problems and more part of the solution, the business magnate said.
The Calcutta high court on Friday quashed a criminal case against NRI industrialist Lord Swraj Paul and his son Angad Paul in relation to shares of Caparo Maruti Limited.
The leading NRI industrialist said, 'What happens to the poorest citizen in the poorest country can directly affect the richest citizen in the richest country.'
Brown, his wife Sarah and their two children were among some 1,200 guests who came together at the London zoo to remember Ambika, Lord Paul's daughter, who passed away 41 years ago after she was brought to London for treatment of leukaemia.
Paul is among the wealthy who hold legal accounts in Swiss HSBC Bank.
Lord Paul, who is also the Chancellor of the University of Wolverhampton and University of Westminster, quoted a recent report which pegged the annual economic output generated by universities in England at 73 billion pounds.
NRI business tycoon Lord Swraj Paul has suggested that industrialisation is key to improving economic prosperity of locals. Singur was a good beginning for the industrialisation process of West Bengal. The car project will be beneficial for the local people as it would generate employment. Caparo Engineering India, the Indian subsidiary of Caparo Group UK, is putting up an auto component plant near the main plant of Tata Motors. It will make the body structure for Tata Nano.
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.
The group issued a statement clarifying its financial health. It said the reports in the UK media questioning its financial health were based on 2008 calendar year results and its current state had improved significantly.
Swami Ramdev in his address advocated vegetarianism and healthy life through the practice of Pranayama, the ancient yogic science.
India cannot be rich by its service sector alone but will have to improve its manufacturing industry and make world-class products to compete in the international market, Lord Swraj Paul, leading non-resident Indian industrialist has cautioned.
Britain's business ambassador and leading non-resident Indian Lord Swraj Paul has said South Asia should move towards a single currency to unleash the region's potential and accelerate economic growth.
The 78-year-old NRI industrialist announced earlier this week that he had been cleared by the police of allegations that he had wrongly claimed Parliamentary expenses and that he had decided to give up his non-domicile status, which means that he will have to pay taxes in this country on his overseas expenses also.
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.
Paul, Chairman of the Caparo Group of industries, said he was delighted to announce that the police "has informed me that after due consideration, it will no longer be proceeding with any investigation or inquiry in relation to my House of Lords expenses."
Eminent NRI industrialist Lord Swraj Paul on Saturday stressed that the country should speed up privatisation, tax reforms and reduce corruption.
An impressive 21st century home for students and faculty of the prestigious Massachusetts Institute of Technology (MIT) was opened in the US, thanks to $1 million assistance provided by Ambika Paul Foundation headed by NRI industrialist Lord Swraj Paul.
Observing that India is making remarkable progress, Lord Swraj Paul has said that if it continued to do so, it would emerge as a developed nation on the strength of its economic progress as also its human rights record.
Lord Swaraj Paul emphasised on Monday that India can become a developed country if the issues of education, health and security are dealt with.
Lord Paul made reference to Caparo's factory in Singur.
Hinduja brothers have been ranked as Britain's richest Asians in 2014 with a total worth of 13.5 billion pounds, an increase of one billion pounds over the previous year.
A leading British University -- the University of Wolverhampton -- has welcomed the election of veteran politician and one of its honorary graduates Pranab Mukherjee as the new President of India.
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.
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