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CEOs of the world bullish on India

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  • Foreign investors in India have been more than comfortable in their dealings with the government despite the laundry list of infrastructure, social and security issues they discussed during the World Economic Forum summit in New Delhi. Thanks to the immense demand from India’s billions of consumers, chief executives of the world believe there is enough upside in India to overcome some of the inherent challenges, including power cuts at their factories, questionable labour rules and security challenges posed by Naxalism and terrorism. Others hope they can tackle some of the challenges while their companies turn a profit

    James H Quigley, CEO, Deloitte

    I have great faith in continued strong growth in GDP, which has been positively driven by an effective financial system. This is the best time for Asia. Asian economies, like India, China and Japan, did not experience the same financial turmoil as the western nations. We are definitely looking at expanding our base in India. From a workforce of 8,500 at present, we shall be growing to 11,500 next year and around 15,000 in two years.

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    Wolfgang Lehmacher, CEO, GeoPost Intercontinental SAS

    There is an attractive growth opportunity in India. India started a major boost recently with the services sector, which does not need massive investments in infrastructure. We shall be looking at duplicating our Delhi operations in other metros like Mumbai and Bangalore. I will be meeting the industry captains and will indirectly, through them, try to reach the Indian government and put our views across.

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