Al Mulla Exchange, the country’s premier money remittance company, in association with SBI Capital Markets, held a seminar titled ‘India - Achey Din Aa Gaye?’ (Have the good times come?), on the investment opportunities in India.
Attendees at the seminar, which was held at the Al Afrah Ballroom of the Crowne Plaza Hotel on 10 November, 2014, heard keynote speakers at the event, Avinash Kulkarni, Executive Vice President - SBI Capital Markets, and Puneet Deshpande , Manager - SBI Capital Markets, expound on important facets of investing in India.
The Indian Ambassador to Kuwait, H.E. Sunil Jain, who was the Chief Guest on the occasion, said in his short inaugural speech that Indian companies were performing well in Kuwait and that this year companies such as L&T and Punj Llyod bagged contracts worth over half a billion dollars from Kuwait.
“India offers a very good opportunity for investment in equities, real estates and mutual funds for NRIs,” said Mr. Kulkarni, adding: “Earlier Indian growth was driven by consumption and not by investment. But the policies of new government made things move fast and there is a visible sign of growth in investment.” Noting that the Indian government is taking small steps in the right direction, Mr. Kulkarni pointed out that within few months of the new government at the center, taking office, over US$100 billion in foreign investments had come knocking on India's doors.
In his presentation on the Debt Market in India, Mr. Deshpande, said that, "Debt capital markets are expected to deepen due to positive market movement.” He went on to add that SBICAP Securities, a subsidiary of SBI Capital Markets offers various services to NRIs, including investing online in Equity, Derivatives, Mutual Funds and IPO.
The seminar, and the Q&A session that followed, was highly appreciated by all attendees, who thanked Al Mulla Exchange for holding this informative and timely seminar.