VIA ECONOMIC & FINANCE FORUM
Shri Ramesh Chandak, Former MD & CEO of KEC International Limited, Mumbai delivered a
talk on “Present Economic Scenario – Opportunities & Challenges” On Wednesday, 5th August, 2015 at VIA.
The growth prospect of Indian economy is far better than China and European countries, however, the lack of consistent and stable policy deterring the foreign investors to commit long term investment in infrastructure and manufacturing sector, said Shri Ramesh Chandak, former MD and CEO of KEC International Ltd while delivering a talk on “Current Economic Scenario : Opportunities and Challenges” organized by the Economy and Finance Forum of VIA. He said that India needs to strengthen its political stability and judicial system to win the trust of the global players to attract equity investment in the country. Regarding the slow growth of Vidarbha, he said that region is lacking in capital formation to undertake big investment. Banks will prefer to lend to those companies with low gearing ratio as it increases the project viability and bank safety. He suggested that local industries should tap the private equity, joint venture or foreign collaborations to increase their capital base and accelerate growth. There is a great opportunities for tourism, education and health sector in Vidarbha region, which may attract private equity from outside investors. Shri Atul Pande, President of VIA said that Vidarbha being abundant in minerals, agriculture produce and power, offer lot of investment opportunities in processing these natural resources to manufacture value added products. For logistic industry, being a central region, Vidarbha is a good location. However Vidarbha needs to be properly marketed to the potential investors. Shri Omprakash Bagdia, Chairman of the Economy and Finance Forum said that new Govt. led by Prime Minister Narendra Modi is liberalizing the economic policies to boost the business confidence and also visiting various countries to create a conducive environment for the foreign investment in India.