Global "Indian Business Leaders of the Year" Meeting in Naples

NAPLES, Italy, July 7, 2011 -

The third Global India Business Meeting by Horasis, a Zurich
based international organization, concluded on the 27th of July in
Naples, Italy. More than 300 delegates from the public and private
sectors - mainly from India - attended the prestigious meeting, the
focus of this year’s meeting was on “Globalising Indian Firms”.

Thomas Gilles, partner in Baker & McKenzie’s Frankfurt
office, presented the “Indian Business Leaders of the Year”-Award
to Mr. Rajan Bharti Mittal, Mr. Malvinder Mohan Singh and Mr. Dhruv
Sawhney.

Mr. Mittal is is Vice Chairman and Managing Director of Bharti
Enterprises, one of India’s leading business groups. Mr. Singh is
Group Chairman of Fortis Healthcare, a leading healthcare player in
India and Asia Pacific. Mr. Sawhney is the Chairman and Managing
Director of Triveni Engineering & Industries Ltd, one of
India’s largest producers of sugar, co-generated power and ethanol.
Triveni is also the third largest global manufacturer of steam
turbines.

In his speech, Mr. Gilles pointed out that India’s resilience,
even in these difficult economic times, is in large part due to the
tremendous entrepreneurial spirit of business leaders such as the
awarded who are driving its economic growth and development.

All of the three award-winners had “anticipated the
internationalization of the Indian economy, are playing an active
role in civil society and possess an enormous entrepreneurial
spirit.”

Outbound mergers and acquisitions (M&A) activities from
India are on the rise, 2010 saw an outbound deal-volume of nearly
USD 25 billion, making it the most active year in terms of outbound
investment. Indian companies will continue to bid for attractive
European targets in 2011, attractive valuations and increasing
domestic competition being the main deal drivers

Horasis, The Global Visions Community, is an independent
international organization committed to enacting visions for a
sustainable future. The community hosts annual meetings to advance
solutions to the most critical challenges facing corporations
today. Dr. Frank-Jürgen Richteris the chairman of Horasis and among
the participants are the CEOs of the world’s most respected
corporations as well as business leaders from emerging markets.
From the first meeting in 2005, annual gatherings have been held
around the globe. The flagship events are the Horasis Annual
Meeting as well as regional summits focusing on China, India,
Russia and the Arab world. 

Press contact details in the release are e-mail -
visions@horasis.org phone +41-79-305-3110  - fax
+41-44-214-6502

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