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27 April 2018
 |
| Money
(The Total Investment & Insurance Solutions) |
International
Business Congress ("IBC"), an international non-governmental and
non-profit organisation with 122 members from 28 countries worldwide, held its
annual general meeting for the first time in India at the invitation of Mr.
Hemant Kanoria, Chairman and Managing Director, Srei and Trustee, Kanoria
Foundation.
More than 100 global corporations with a
combined market capitalisation of USD 8.9 trillion and annual revenue of USD
2.3 trillion participated in IBC's twenty first annual general meeting in New
Delhi reflecting India's meteoric rise as an economic powerhouse. The event
served as a platform for economic co-operation, bringing forward proposals for
debottlenecking and building favourable environment for safe and efficient
entrepreneurial activities. The event is also expected to enhance opportunities
for investments and trade cooperation between Indian and global corporations.
"The government is on a mission mode to
usher in structural reforms aimed at improving the business climate in India.
Many outdated laws have been repealed. FDI (foreign direct investment) regime
has been liberalised and new laws such as Insolvency and Bankruptcy Code have
allayed investors' apprehensions on lack of exit route from their investments
in India. Technology is also being embraced in a big way to make government
processes more transparent and hassle-free. Now, India is definitely one of the
most attractive investment destinations for global corporations," Mr.
Kanoria said.
The list of attendees of IBC's twenty first
annual general meeting included Russian natural gas major Gazprom, German
energy giant Uniper Global Commodities SE, Schneider Electric, Cisco Solutions
LLC, Shell Exploration and Production Services B.V., Siemens A.G., Sumitomo
Mitsui Banking Corporation Limited, J.P. Morgan Securities PLC, KPMG JSC,
Hewlett Packard Inc., Goldman Sachs Russia Limited, Deutsche Bank A.G., UBS
Bank Limited (Russia) and several other large global corporations.The Total Investment & Insurance
Solutions
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