Majid Al Futtaim Brand

When you visit any one of the 17 Majid Al Futtaim malls in the UAE, you feel you have finally stumbled upon one of those fantasy structures that you saw or imagined while reading fairy tales in your childhood. The breathtaking structures bewitch you into entering and that is just the beginning of one of your most mesmerizing experiences of life. Once you enter a mall in a light trance-like state, everything you clap your eyes on appears seraphic, and you literally need an inordinate effort of will to finally exit. The Majid Al Futtaim empire of malls recorded a footfall of 250 million visitors in 2014. In addition to its retailing business, it conducts chartity events such as the recent charity endurance race, including the commando assault race in -4 degrees – the ice warrior challenge at Ski Dubai.

MAJID AL FUTTAIM PROPERTIES

The varied range of community and regional malls definitely render beatific moments; however, they are also strategically developed to the best-in-class international standards to meet the specific requirements of customers and the market. Following the science of retail mix planning, each establishment is an art in itself substantiating the reputation of these malls being internationally illustrious in their innovative designs and comfort for customers.

Majid Al Futtaim’s property division comprises 17 shopping malls, 11 hotels and 3 mixed-use communities. Starting in 1992 with a single mall in Dubai, it is one of the largest shopping, leisure and retail establishments in the Middle East and North Africa (MENA). Cashing on the enormous potential for malls in the Middle East, Majid Al Futtaim Properties is consistently and significantly growing, vying with Dubai’s largest corporate houses such as Emirates Airlines, Emaar Properties and Jumeirah in brand recognition and market capitalization.

MAJID AL FUTTAIM RETAIL

Majid Al Futtaim’s retail division has an exclusive franchise agreement with Carrefour – the world’s largest and UAE’s most spirited retail chain – in 38 markets of the Middle East, Central Asia and Africa, operating more than 60 hypermarkets and more than 70 supermarkets, covering 13 countries. Through Carrefour, Majid Al Futtaim Retail has built a massive goodwill by providing customer-centric facilities such as convenient nearby locations, trouble-free parking, unrivalled customer service, competitive prices and high-quality products.

Through a workforce of more than 20,000 people, Majid Al Futtaim Retail caters to high-quality products in the domain of household goods, leisure, personal care, food, entertainment and communication in tune with the local consumer requirements. As a result, it has emerged as a sizeable contributor of the organization’s revenues as it has been recognized as a colossal medium for customer loyalty and brand differentiation for Carrefour.

It was the pioneer of the hypermarket model in the Middle East starting in 1995, and then grew to be patronized by more than a billion households across the globe.

MAJID AL FUTTAIM VENTURES

Majid Al Futtaim believes in constant growth not only through expansion in fixed and variable assets, but also by outreaching to newer markets. Majid Al Futtaim Ventures LLC takes care of the expansionist strategy of the organization offering a helping hand to the leadership and management teams of the Majid Al Futtaim Holding. In pursuit of outstanding experience for the customers, development of a comprehensive domain of businesses in the fields of entertainment and leisure in addition to malls and markets in the UAE is almost mandatory. Ski Dubai – indoor ski slope facility in Dubai, iFly Dubai – indoor skydiving facility in Dubai, Wahooo! – indoor waterpark facility in Bahrain, 143 VOX Cinema screens and 18 Magic Planet centres have been developed by Majid Al Futtaim Ventures to bring innovative and heavenly experiences to people all over the world.

In addition, new ventures such as Majid Al Futtaim Fashion – including internationally renowned brands like Juicy Couture, Hoss Intropia, Abercrombie & Fitch and Halston Heritage, and Majid Al Futtaim Finance – providing pragmatic financial solutions through Najm Visa and JCB Credit Cards have been started. Majid Al Futtaim Healthcare is the latest enterprise ventured in the region to render state-of-the-art healthcare facilities.

Majid Al Futtaim has given new meaning to properties, retail and leisure in the UAE through its spectacular structures and extraordinary experiences – providing “great moments for everyone, everyday!”

Shalini Kamal Sharma

Tenacious in approach, resilient in thinking, and passionate about her work, Shalini Kamal Sharma – Group Managing Director of Formula One Furniche – is gifted with a natural knack to rise as one of the finest business magnates of today’s world

Leaders think and talk about the solutions; every solution had a problem,” Think big and live even bigger. The only company in the world to provide a full range of FF&E Products, Services, Technology and Hospitality Solutions to hotel chains spanning the globe, regardless of location, specifications, budget with a focus on environmentally friendly products that have set industry standards. Inspired by creativity and driven by passion, Shalini Kamal Sharma is an exemplary new-age entrepreneur. Her effervescent personality attracts admiration not only from her team but also from her counterparts. Always brimming with confidence, she speaks with a zeal and conviction that matches no other. She believes, “Quitting is never an option in the world of entrepreneurship”, and has covered the journey from an aspiring businessperson to becoming one of the most recognized entrepreneurs because of her never-say-die attitude.

She is proud founder of three firmly established global businesses in less than 10 years, which have a formidable reputation internationally for their huge product range comprising hospitality solutions, furnishings, organic health, beauty and lifestyle. The way she has developed her own personality is reflected in the culture, growth and expansion of her organizations also: development of products with utmost quality, innovation and goodwill. With the mantra, “Your success is our success,” and lifetime warranties on all hospitality solutions, it is key for all employees and business partners to truly care and commit to quality and service.

For consistent positive results, she has carefully built a cultured, creative and competent team around herself and all her organizations are multiple award winning and industry leaders that reward people for innovation, knowledge and integrity, organizations where people truly care about making a difference and share a common commitment to quality and service.

She doesn’t believe in resting on her laurels even after her innumerable professional and personal achievements, and keeps searching for new and enthralling opportunities. She reckons, “Success is not final. For continued success, a successful company must innovate every day.”

THE FIRM ROOTS

Shalini Kamal Sharma was devoted to achieve excellence from a very young age. As a student, she was both House Captain and Sports Captain in her school, and was also awarded the Rotating Trophy of“Most Likely to Succeed”. Founder of the Politique magazine in college, Shalini topped her University in Political Science Honours. This law student then went on to win the coveted Ms Milford Beauty Pageant. She further pursued postgraduate studies in International Relations at the Royal Chulalongkorn University under the tutelage of the Governor of Bangkok.
This multi-talented personality believes that the opportunities she seized in her early years helped her in taking major decisions as an entrepreneur.

THRIVING OPTIMISM

“Leaders think and talk about the solutions. Every solution had a problem.”
This avant-garde entrepreneur approaches every problem with audacity because she reckons that fear impedes success. Honest hard work and steadfast dedication has steered her companies towards global recognition with operations in 21 locations across the world and she firmly believes in continued diversity, growth in products, technology and solutions.

BACK TO THE SOCIETY

In her efforts towards introducing innovative processes and environmentally responsible products and practices, she has implemented “Go-Green Initiatives” and recycling programmes in her companies, and has personally involved herself with several organizations such as The Rotary International, Singapore After Care Associations, Handicaps Welfare Association, Singapore Children’s Society, and Ministry of Social & Family Development.

Do not let your dreams get crushed in the day to day realities of life. If you want to achieve something, keep on at it. Work hard, keep the faith and never give up.

Avago Broadcom Deal in $37 Billion

Avago Technologies Ltd. has struck a landmark deal (the largest ever in the semiconductor or the high-tech industry) with its competitor Broadcom Corp., in which Avago will pay the Broadcom shareholders $37 billion ($17 billion in cash and $20 billion in shares). To raise the required $17 billion in cash, Avago will seek $9 billion in cash from various banks—it worked with the following during the deal: Deutsche Bank AG, Bank of America Corp., Barclays PLC, Credit Suisse Group AG and Citigroup Inc.; the rest of the amount would come from its own reserve. The deal should be closed by the first quarter of 2016, subject to regulatory review. Broadcom has agreed to pay $1 billion as breakup fee, if the deal is not completed.

The combined company is to be called Broadcom Limited and will have an enterprise value of $77 billion with expected revenues of $15 billion per annum. The current Broadcom investors will have a 32% stake in the combined company. In case any investor wants, they can choose to sell their shares at $54.50 per share.
Broadcom co-founder Henry Samueli (with a net worth of $2.6 billion) will be a Board of Director and the Chief Technology Officer in the new company, while the other co-founder Henry Nicholas (net worth of $2 billion) will be strategic advisor to the CEO of Avago, 63-year-old Hock Tan.
Broadcom is renowned for its unparalleled engineering prowess, which is going to be combined with Avago’s heritage of technology given its earlier associations with HP, AT&T and LSI Logic. Hock Tan believes that the merger with Broadcom would increase their scale and presence in the new chip markets, including the traditional end-markets for semiconductors. Individually, Avago or Broadcom can’t compete with rivals Intel or Qualcomm; however, after the merger their prospects are stronger.

The merger of their individual technologies and specialties would render them a leader in the wired and wireless communication semiconductors. The new company would manufacture processors for smartphones of Apple Inc. and Samsung Electronics Co. Under the leadership of Hock Tan, the combined company is being surmised to become the world’s greatest semiconductor company.

In 2009, during the global financial crisis, Avago went public and listed its shares on Nasdaq. In six years now, its shares have increased 800% in value, excluding dividend payments. From $15 a share in 2009, the stock closed on May 28, 2015 at $142.38 a share.

In the last three years, Avago has purchased five companies, together valued at $8 billion, including LSI Corp. for $6.6 billion and Emulex Corp. for $600 million. The rapid-fire M&As have raised the market value of Avago by more than $25 billion in the last three years.

In March 2015, NXP Semiconductors had bought its competitor Freescale Semiconductor in a similar deal of cash and stock—a total of $11.8 billion. Further, Intel Corp. was also reported to be a bidder for Altera Corp. (which has a roughly $14 billion market value), and NVDIA and Qualcomm are also building up their plans on M&A. Intel and Qualcomm reportedly bid for Broadcom too.

In 1961, HP created its semiconductor products division. In 1999, this division separated from HP as a part of Agilent Technologies. In 2005, KKR and Silver Lake Partners bought this division for $2.6 billion and created Avago Technologies, and made Hock Tan the CEO of Avago. It is into the business of making chips for computers, smartphones, devices for automobiles, and other industrial equipment and wireless networks.

Adani Group’s Foray into Defence Manufacturing

Adani Group is mulling a foray into defence and aerospace production, keeping pace with several other big industrial groups’ drives into the “Make-in-India” initiative. Big defence spending is in the offing as defence is being seen as a sunrise sector. The place pitched for the possible manufacturing is an obvious choice: Mundra in Gujarat (it is the country’s largest private port and SEZ), utilizing its sea and land linkages.

Adani executives—including Karan Adani, the elder son of Gautam Adani, the chairman of the Adani Group—have met delegates from large overseas defence companies that have experience in manufacturing a range of defence equipment to explore how international and domestic tie-ups can be materialized.

The Adani executives have been conducting high-level meetings for the past few weeks, and have also been making exploratory calls to almost all global defence and aerospace manufacturers having liaison Adani Group is mulling a foray into defence and aerospace production, keeping pace with several other big industrial groups’ drives into the “Make-in-India” initiative launched by offices in New Delhi. At least two top Adani executives have been given the responsibility of foraging the potential collaborators and report success.

The following companies may be Adani Group’s future partners in defence manufacturing: Saab—Swedish aerospace and defence company, founded in 1937 and originally manufacturing aircrafts; Finmeccanica—Italy’s leading industrial group and one of the main global players in aerospace, defence and construction; Textron—an American industrial conglomerate founded in 1923 and manufacturing aircrafts.

Saab mainly produces fighter aircrafts and submarines, and is keen on establishing a manufacturing unit in India, ultimately targeting to win the Rs. 60,000-crore P-75I submarine (Scorpène-class submarines, a class of diesel-electric submarines) contract and the light Gripen fighter jet production contract.

Finmeccanica operates in seven sectors: aeronautics, helicopters, defence systems, electronics, space, transportation and security. It manufactures through its companies AgustaWestland, Alenia and Oto Melara.

Textron manufactures Bell Helicopters (famous for mission-critical helicopter operations all around the world) and Cessna Aircrafts (light and mid-size business jets). Textron is also being considered for a howitzer guns contract for the Indian army; it will be a $700-million contract.
Adani Group’s focus, as obvious from the exploratory discussions, is on “Make-in-India” projects, and the Group is looking forward to transforming its large land holding in Mundra into a defence manufacturing hub.

In March 2015, the Adani Group registered a new entity—Adani Defence Systems and Technologies Ltd (ADSTL)—and in April 2015, it applied to the Department of Industrial Policy and Promotion (DIPP) for a licence to manufacture helicopters under ADSTL.

Adani Group is an Indian multinational conglomerate company headquartered in Ahmedabad, in the State of Gujarat, India. Its diversified verticals include resources, agri-business, logistics and energy sectors including power generation, gas distribution and coal mining.

Some other large conglomerates have already set their sights on the defence and aerospace sector, due to the huge potential it offers as India’s defence needs are large and expanding, and it is counted as one of the biggest spenders in the defence and aerospace sector in the world. The Adani Group is the latest to turn in this direction, others being Larsen & Toubro, the Reliance Group of Anil Ambani, Mahindra & Mahindra, and the Tatas.

The Adani Group is cashing in on the fact that its SEZ and port would prove to be a unique advantage for defence manufacturing, as large-scale and high-end transportation and production can occur at the same place, though a thorough market analysis is still underway and a final decision will be taken after positive reports.

With an annual defence budget of about $40 billion of which 60 per cent (i.e. $24 billion) is being spent on purchase of defence equipment, India is the world’s largest defence importer, as the domestic defence manufacturing is still developing.

FIFA: Sepp Blatter and Michel Platini get Eight-Year Bans

A recent verdict announces that the Fifa president Sepp Blatter and Uefa boss Michel Platini have been suspended for eight years from all football-related activities following an ethics investigation. They were found guilty of breaches surrounding a £1.3m ($2m) “disloyal payment” made to Platini in 2011. Both men denied any wrongdoing. The bans come into
force immediately.

Fifa boss since 1998, Blatter, 79, had already announced he was quitting ahead of February’s presidential election. Platini, 60, was tipped as a future leader of football’s world governing body and had hoped to succeed Blatter. A three-time European Footballer of the Year and former captain of France, he had been in charge of Uefa – European football’s governing body – since 2007.

Ericsson and Apple Sign Patent License Agreeement, Settle Litigation

In a recent statement released by Ericsson, the Swedish telecom equipment maker on Monday said it has signed a patent license agreement with Apple Inc but did not specify how much
it would earn from the deal. Ericsson estimated however that its overall revenues from intellectual property rights in 2015 would hit 13-14 billion Swedish crowns ($1.52-$1.64 billion), including positive effects from the settlement with Apple, up from 9.9 billion in 2014.

Last January, Ericsson filed a complaint against Apple over mobile technology licence payments, responding to a lawsuit from the iPhone maker earlier that month. Analysts had earlier estimated that if the dispute with Apple went Ericsson’s way, the U.S. firm would have to pay it 2-6 billion Swedish crowns annually.

India on the Verge of a New Chapter in Global Economy

Forecast by the International Monetary Fund (IMF) is a fulfilment now as India’s economy is growing faster than China’s. India has been moving in the opposite direction while many countries around the world are dealing with low growth. It’s definitely a special moment for India with so much growth prospect in front of it!

Observing India’s third-quarter GDP growth and comparing it with that of China’s in the fiscal 2014–2015, the IMF had foretold in March 2015 itself that India would surpass China’s economy and soon become the fastest growing economy in the world.

Amid the shaky period of the global economy, India held its ground. Indian rupee gained in value against the strong US dollar this year, while the currencies of Brazil, Turkey and South Africa experienced losses. The Central Statistics Office (CSO) of India numbers showed 7.5% GDP for January–March 2015 quarter. On the other hand, China had a 7% growth rate for the same period.Economic-1

China has been showing a slowdown in its economy consecutively in the third and fourth quarters of fiscal 2014–2015, while India is benefited by the lower oil prices and policy reforms of its comparatively new government led by Prime Minister Narendra Modi. China is most likely to have a slow GDP growth in the coming time, which would give a huge scope to India to grow faster than China and other peer economies.

Various Sectors of the Indian Economy that Have Shown Growth

The tremendous economic growth in India has been possible due to the contribution of a number of different sectors of the Indian economy. These sectors of the economy have been showing a continuous growth that finally has led India to register itself as the ‘fastest growing economy in the world’. The new policy reforms by the Modi government have brought improved business confidence that boosted economic activities in India. The budget approved by the Union government of India is moving in the right direction containing a number of promising elements for economic growth of the country. However, the challenge remains on the practical implementation.

By emerging as a prominent sector of the Indian economy in terms of contribution to national and states’ incomes, trade flows, foreign direct investment (FDI) inflows, and employment, the Services sector has contributed hugely in India’s growth. Finance, insurance and real estate have performed strongly for quite some time now. These services have grown by 11.5%. The Manufacturing sector has shown a growth of 7.1%; services such as trade, hotels, transport and communications have experienced a growth rate of 14.1%.

India’s Finance Secretary, Rajiv Mehrishi, has talked about the greater job opportunities in India. By improvement in the Manufacturing sector’s growth, India is able to create more jobs. A positive phase has just started; way to go!

Sectors that Have Lagged Behind in Positive Growth

In the fourth quarter of 2014–2015 fiscal, the Mining and Quarrying sector’s output reduced to 2.3% as compared to a growth of 5.4% during the fourth quarter of 2013–14 fiscal. The Agriculture sector showed a 0.2% growth in fiscal 2014–15 as against 3.7% in fiscal 2013–2014. Below-average rain damaged crops which subsequently brought the growth down.

Structural reforms in India may lead to productivity gains in such sectors. Reforms in education, labour, and product markets, etc. may help in raising labour force participation and productivity for better growth prospects.

“India is a ‘bright spot’ in a ‘cloudy global horizon’. The country’s young population and progress on structural reforms would help the economy to ‘fly’ in the coming years.”
– Christine Lagarde (Managing Director, IMF)
“India has the potential to make 9–10% its new normal in the years to come.”
– Arun Jaitley (Finance Minister, India)
“I would say (the economy is) picking up. We see some signs of capital investment picking up. There is a continuing need, which the government is trying to address, of putting some of the stalled projects back on track. But we have to work (on) bottlenecks and areas where we need reforms to ensure that growth is strong and sustainable.”
– Raghuram Rajan (Governor, Reserve Bank of India)
“We believe that countries that invest in people’s education and health, improve the business environment, and create jobs through upgrades in infrastructure will emerge much stronger in the years ahead. These kinds of investments will help hundreds of millions of people lift themselves out of poverty.”

– Jim Yong Kim (President, World Bank Group)

NOIDA on a development spree

NOIDA is witnessing a laudable change in its entire urban eco-system under the leadership of Rama Raman, the Chairman and CEO of NOIDA Authority. It is shaping up into a world-class Smart City with state-of-the-art facilities and sound social, economic and institutional infrastructure. The city is spread over 20,316 hectare, a pollution-free zone and constitute an ideal industrial township equipped with non-stop power supply, clean water, a green cover and splendid residential complexes. It is one of the largest industrial townships of Asia located at the intersection of the Western and Eastern Dedicated Freight Corridors, and is also the gateway to the Delhi–Mumbai Industrial Corridor (DMIC).

Manoj Rai, Officer on Special Duty (OSD), NOIDA Authority, has cherry-picked innovations and has given primary attention to infrastructural development in NOIDA fulfilling the high expectations of people, realtors and the government. His vision towards transforming NOIDA into India’s first World-class Smart City is fast becoming a reality with wide roads, hospitals, parks, Formula One track, metro connectivity, and monorail.

State-of-the-art Infrastructure

The NCR has developed a number of green belts, gardens and parks to shape up into a pollution-free area. A modern, efficient and comprehensive infrastructure comprising residential facilities, commercial areas, business centres, office complexes and recreational areas has been designed. The design plan of the city goes in sync with its slogan ‘Green NOIDA, Clean NOIDA’.

Power Supply and Telephone

Along with an uninterrupted power supply, NOIDA has digital and optical fibre cable based state-of-the-art electronic exchange providing Integration Service Digital Network (ISDN) facilitating high quality voice, data and image transfer, inter computer file transfer, high quality and speed fax transmission, video conferencing and a variety of additional services. There is also a facility of local call connectivity to Delhi, Faridabad, Ghaziabad and other adjoining towns.

Roadways and connectivity

NOIDA has become a unique destination with the eight-lane DND flyover that has a toll bridge already operational. The NOIDA–Agra–Mathura Expressway has also added yet another feather in its cap. The flyovers at nine busy points and 15 foot-over bridges for the convenience of pedestrian are going up at various places across the city. A six-lane bridge on the Yamuna River near Okhla Barrage is being constructed parallel to the existing one. Dedicated eco-friendly cycle tracks are being made on MP1, MP2, MP3, Noida stadium on both sides of Noida –Greater Noida Expressway for the benefit of cyclists.

Housing Projects

With an aim to provide accommodation at an affordable cost NOIDA has earmarked nearly 40% of total notified area of 20,316 hectares for residential purpose wherein houses under HIG, MIG, LIG and EWS categories have been set up.

Commercial Centre

Commercial centres will be constructed in every sector. A commercial complex has already been developed in Sector 18, which features outlets for fashion, décor, clothing and food etc.

Institutional Setup

Several world-class educational institutions like DPS, Amity, Apeejay, Army Public School, Ryan, etc. have been set up. Many organizations such as NTPC, Birla Research Institute, IBP, GAIL, KRIBHCO, PPCL, NFL, FCI, HUDCO, ICMR and BHEL have set up their offices here.

DR. RAM BUXANI

A keen entrepreneur, endowed with an unfailing sense of business acumen, an enthusiastic humble leader, committed to the task of building a strong organization, and a truly humane person, guided by steadfast ethical values, Dr. Ram Buxani, 74 a resident of Dubai for more than 56 years is a familiar figure in Dubai

Chairman of the world-wide ITL Group having interest in Consumer Electronics, IT, Textiles, Real Estate & Banking and employing over 500 Indians, Dr. Buxani is also the Director of several other companies spread around the globe. He is among the pioneer promoters of IndusInd Bank Ltd. in India and was its Director until recently. He is the Chairman of Veeram International Ltd., BVI, Chairman of Veeram International Ltd, Dubai, Chairman of ITL Group Ltd, BVI, Chairman of Cosmos General Trading LLC, Dubai and is on the Board of IndusInd International Holdings Ltd., Mauritius, and Vice Chairman of Al Razouki International Exchange Co., Dubai. He is also on the board of Sanjay-Gulf Industries Pvt. Ltd. and Cosmos-Sanjay Textile Mills Pvt. Ltd., Amritsar (Punjab).

He is a prominent spokesperson of the NRIs. He remained Chairman of Indian High School, Dubai, the biggest Indian school in the region, during 2000-2004 and was instrumental in routing over 6 Million Rupees, the highest amount from the area, for the Prime Minister’s Relief Fund for victims in Gujarat. He is also Board Member of Al Noor Training Centre for Children with Special Needs, Dubai, Board Member, Vice President, Rotary Club of Jumeirah (Dubai), Founder Chairman of Forum of Electronic Distributors covering nearly 30% of Dubai’s trade, Trustee of Sindhu Vidya Mandal Trust, Baroda, and IndusInd Foundation, New Delhi. Director of Chinmaya International Residential School, Coimbatore, Member, Board of Governors, IndusInd International Federation, New Delhi, Permanent Trustee and Chairman Indian Institute of Sindhology, Adipur, Trustee, GandhidhamMaitree Mandal, Gandhidham, Vice chairman, EkalVidyalay, India, Founder Governor of Indian Business Leaders Forum and is connected with many such other organizations.

“Dr. Buxani is also the Director of several other companies spread around the globe. He is among the pioneer promoters of IndusInd Bank Ltd. in India and was its Director”

Dr. Buxani has bagged many international laurels among others, like Shield by the President of India, Mr. GianiZail Singh at Vishva Sindhi Sammelan (World Sindhi Conference) for services to the community in the year 1983, Jhulelal Award by International Sindhi Panchayats Federation, Mumbai – presented by Shri ShankerDayal Sharma, the then Governor of Maharastra in 1987, Shiromani Award by Association of Shiromani Awards, New Delhi – presented by Dr.ShankerDayalSharma,the then Vice President of India in the year 1987, UdyogRatan Award by Institute of Economic Studies, New Delhi – presented by Mr. A.K. Panja, the then Minister of Information and Broadcasting, Govt. of India in the year 1987,Overseas Indian Award by Priyadarshini Academy – presented by Mr. K. Brahmananda Reddy, the Governor of Maharashtra in the year 1988, Sindhu Rattan Awardby Sindhu Sabha, New Delhi in the year 1999, Jewel ofSindhis AwardbyJantaJanardanParishad in 2000,Sindhu Bhushan Award by All India Sindhi Chamber of Commerce & Industry, Ahmedabad in the year 2001, and BharatGaurav Awardby Indian Merchants’ Chamber, Mumbai presented by Mr. BalasahebVikhe Patel, Union Minister of State for Finance, Govt. of India in the year 2002. SindhiRatan Award by Sindhi Jagriti Sabha, New Delhi in the year 2007. Sindhu GauravAward by International Sindhu Chamber of Commerce, Pune in the year 2015. He was conferred with Special Recognition Award by well-known weekly “Masala” for most outstanding contribution to the growth of the U.A.E.

Make in India, Chartering the growth trajectory

When Narendra Modi made a historic ‘Make in India’ speech on Independence Day last year, we got to know that the man means business; and a few months later, he exhibited his grit by launching the initiative with much fanfare in the presence of business stalwarts like Mukesh Ambani, Cyrus Mistry, Kumar Mangalam Birla and Azim Premji. It is indeed India’s most ambitious plan to boost manufacturing in the country till date. Besides, building an infrastructural strength the initiative also has fashioned a digital network to make India a global hub for manufacturing of goods like cars, software, satellites, submarines, pharmaceuticals, ports and paper etc.

Job-creation and skill enhancement are the key areas targeting industries across:

• Automobiles
• Aviation
• Chemicals
• IT & BPM
• Pharmaceuticals etc.

The campaign has several new ideas designed to facilitate investment, promote innovation, protect intellectual property, and build best-in-class manufacturing infrastructure.
The ‘Make in India’ initiative has also seen the government doling out plans for several States that will make them self-sufficient, some of which are listed below:

Uttar Pradesh

Uttar Pradesh will also play the most important role in the Make in India campaign launched by Prime Minister Narendra Modi as it will lay the foundation stone for 62 projects with an approximate estimate of 6,796 crore.

Rajasthan

The textile sector in Rajasthan will get the best of technologies and innovations as a part of plans to build it into one-stop and most-favoured destination for investment under the Make in India initiative.

Himachal Pradesh

Himachal is fulfilling its promise are a reservoir of an immense amount of ‘Him’ in the forms of Ice, Fresh and Underground Water. And the seeping of this moisture originates a number of rivers, which flows through the states land called Sutlej, Beas, Ravi, Chenab and Yamuna. It is also the reason of dozens of lakes that covered Himachal Pradesh. Special incentives are allocated in the Prime Minister’s Make in India campaign for setting up of projects in the state.

Gujarat

In less than a month of Prime Minister Narendra Modi’s inaugurating the Make in India initiative, a slew of big-ticket investments in manufacturing have been announced, mostly in one of the most diverse state of India, Gujarat. A small chunk of plants have already been inaugurated and the others are coming this way.