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Go Global to be mantra for Indian companies in 2017

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India Inc. CEO Manoj Ladwa weighs up why now is the right time for Indian firms to further plug into the global supply chain and generate thousands of jobs. 

Indian businesses have, over the last decade, emerged as a major source of foreign direct investment (FDI) in many countries around the world. For instance, collectively they are the third-largest foreign investor in the UK and the largest employer in Britain’s manufacturing sector.

Indian IT companies directly employ about 100,000 people in the US and large and medium corporate groups like the Tatas, Birlas, Adanis, Airtel, Godrej and others are rapidly expanding their footprints in Africa, Australia, South America and, indeed, all over the world.

Many of them are now understandably concerned about their present and future investments in foreign countries following the shock Brexit vote, Donald Trump’s unexpected victory in the US presidential elections and the rise of protectionist tendencies across the developed world. Some of them will need assurances and support whilst the storm passes.

Then, the short and medium-term demand contraction in India following the government’s demonetisation initiative has made exports and foreign markets that much more important for companies looking to expand fast. A spin-off from this will be the opportunity to plug into the global supply chain and generate thousands of jobs and new economic opportunities in India.

To address these issues, to allay related anxieties and to showcase opportunities that lie beyond India’s borders, India Inc. along with our flagship outbound publication ‘India Global Business’ and the Confederation of Indian Industry will be hosting an exciting Expo & Conference “Go Global India” in New Delhi next year.

We will be kicking off the preparations with an interactive session on “Attracting Indian Trade & Investment, Talent and Technology in an increasingly challenging world” in New Delhi on December 12 this year, where we will bring together the global investment promotion community to discuss the challenges and opportunities in attracting Indian business and talent to their countries and regions.

This session will provide a one-stop platform for large and medium Indian companies to interact with peers as well as foreign investment promotion agencies and learn more about the ambitious programme that India Inc. and CII have jointly established to promote greater outbound investments and partnerships from India to the rest of the world.

Go Global will provide a platform for trade promotion agencies, businesses, and advisors from around the world seeking to attract increasingly sought after Indian trade and investment, technology and talent.

The Go Global Conference will run simultaneously with the Expo. It will be addressed by senior Indian and foreign country ministers and officials, leading business executives and industrialists, and world class advisors on global business opportunities.

There will be country and regional “Doing business in…” seminars, workshops and advisory sessions led by experts on global expansion, case study presentations and networking sessions, master classes on topics such as trade finance, migration, technology and innovation hubs, fundraising and global business planning, among others.

With a 7 per cent plus growth rate, India is the fastest growing large economy in the world. Outbound investments from India are also growing significantly in magnitude, geographical spread and sectorial composition. Indian companies participated in cross-border deals $43 billion in 2015, $38 billion in 2014, and $28 billion in 2013.

This is a clear sign that even as the Indian government has been aggressively wooing foreign companies to invest in India, Indian companies have become more outward looking than before, seeking newer and more extensive markets, better technologies, supply chains, a more global talent pool, and opportunities and partners that will enable them to continue to achieve high rates of growth.

Go Global India is therefore the ideal place to tap into the world’s biggest growth opportunity.

I have no hesitation in urging Indian businesses, regardless of size, to seize this opportunity to expand their horizons beyond India’s borders and become part of the global supply chain – the very strategy that has brought unprecedented prosperity to countries in South East Asia, East Asia and more recently, China.

Visit goglobal-india.com for more info

The Article was first published on India Inc. Website.