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India-Beacon of Globalization:Lord Karan Billimoria
Wednesday, 18 January 2012, 00:47 IST
New Delhi: London-based entrepreneur Lord Karan Bilimoria says India, his country of birth, is "making giant strides" and can be a beacon of globalisation in a time of global economic turmoil.
"As the West now continues to suffer a widespread economic crisis, there is an opportunity for India to become a champion of globalisation," Bilimoria, who is part of Prime Minister Manmohan Singh's Global Advisory Council, told IANS in an interview here.
"This was also one of the important points that emerged" at last week's meeting of the distinguished panel in Jaipur that was held on the sidelilnes of the Pravasi Bharatiya Divas, he said.
Bilimoria said that despite some setbacks in recent months on the reforms front such as the holding back of foreign direct investment in multi-brand retail and key legislation like the higher education bill not going through parliament, India's prospects as a growing economic power were bright.
"The intent to pass through key reforms is evident. In spite of some problems, India is making giant strides."
Source: IANS
"As the West now continues to suffer a widespread economic crisis, there is an opportunity for India to become a champion of globalisation," Bilimoria, who is part of Prime Minister Manmohan Singh's Global Advisory Council, told IANS in an interview here.
"This was also one of the important points that emerged" at last week's meeting of the distinguished panel in Jaipur that was held on the sidelilnes of the Pravasi Bharatiya Divas, he said.
Bilimoria said that despite some setbacks in recent months on the reforms front such as the holding back of foreign direct investment in multi-brand retail and key legislation like the higher education bill not going through parliament, India's prospects as a growing economic power were bright.
"The intent to pass through key reforms is evident. In spite of some problems, India is making giant strides."
Source: IANS