More than 30 industrialists and heads of companies and banks winged their way to New York on Tuesday for a high-powered meeting on Wednesday with the heads of the top 100 US-based funds and private equity investors, in an effort to hard sell the India story.
Initiated by ICICI Securities, the three-day seminar called 'India Unlimited' is meant to showcase the growth potential and opportunities available in Indian companies.
S Mukherji, managing director and CEO, ICICI Securities, told Business Standard: "The idea of the conference is to spot the trends and showcase the opportunities available in Indian companies to global investors. The conference will also provide a platform for Indian executives based in the US to meet their Indian counterparts."
The list of company executives or heads includes Adi Godrej, chairman and managing director, Godrej Consumer Products Ltd, J J Irani, director, Tata Sons, K V Kamath, managing director and CEO, ICICI Bank, Vijay Mallya, chairman, UB group, Prabal Banerji, head of treasury, Mahindra and Mahindra, R Krishnamoorthy, chairman and managing director, Power Finance Corporation, B V R Subbu, president, Hyundai Motor India, Jeroen Tas, vice-chairman, Mphasis BFL, S Mahalingam, chief financial officer, Tata Consultancy Services, K Ramakrishnan, executive director, Bank of Baroda and Ganesh Nayak, executive director, Cadilla Healthcare.
Banerji said: "This is going to be an interactive seminar aimed at telling the India story to the US. This seminar does not aim at raising funds from overseas."
Top US-based funds like the Janus Capital group, Fidelity Investments, Oppenheimer Asset Management, Putnam Investments and GMO have confirmed their participation in the seminar.
"More than 170 requests for one-on-one meetings have already come in. This indicates the strong appetite that foreign investors have for quality investment opportunities. The reforms and the opportunities available in the power sector will be prominently showcased," said Devesh Kumar, head of equity at ICICI Securities.
The seminar will also include discussions on industries like power, manufacturing, pharmaceuticals, banking, textiles and automobiles and auto ancillaries.