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Mr. Raheja at The Global Indian Business Conference organized by Ficci
January 10, 2014

The Global Indian Business Conference 2014 was organized by FICCI on Friday, the 10th of January at Federation House, Tensen Marg, New Delhi. The agenda of the conference included discussions on various topics from Infrastructure finance, Urban infrastructure, Tourism and hospitality, Healthcare and medical Value Travel to Education. Delegates from different countries participated in the conference to understand the investment opportunities in these sectors.

Mr. Raheja was invited for a panel discussion on investment opportunities in India's Urban development and Infrastructure space along with Secretary, Ministry of Urban Development, Government of India. Dr. Sudhir Krishna who delivered the special address stressed upon the need of developing regions in the country before developing metropolitans or Tier-2 and Tier-3 cities. Going assertive and supporting the secretary, Mr. Raheja opined, "Urbanization is a process of transformation from a rural economy to a modern industrialized economy. Urbanisation is strongly linked to the economic growth and development process taking place in the economy. India, among the fastest growing economies in the world is undoubtedly predicted to surpass China to emerge as the fastest growing economy in the coming years. India is witnessing large scale urbanization which is a direct result of high economic growth of its economy. Migration of people from rural areas to towns and cities is continuing unabated. In 2011, it has increased to almost 400 million living in as many as 7935 towns.

According to projections, India's urban population will grow to over 600 million by 2030-31 out of total population of 1.4 billion. India has been slow to urbanise but today it is at the cusp of rapid urbanisation. As the number of towns and cities grow in India keeping pace with the economic growth and urbanisation, it is leading to severe shortfalls in housing, water supply, waste management, sewerage, congestion, pollution, environmental degradation, inadequate public transport and lack of good urban governance. Urban infrastructure in India has suffered from inappropriate planning of cities, poor quality of civic services,
inadequate maintenance, inefficient operations, under capacity and lack of investments. The challenges of urbanization need to be addressed in a planned manner. The importance of attending to India's urban sector doubles from the fact that the urban sector contributes an estimated 50-60 percent to India's Gross Domestic Product (GDP). Indian cities could generate 70 per cent of net new jobs created to 2030, produce more than 70 per cent of Indian GDP and drive a near four-fold increase in per capita incomes across the nation.

The others who participated in the discussion included Mr. Amitabh Kant, CEO & MD, DMICDC Mr. Rajeev Talwar, Group Executive Director, DLF Ltd Mr. Gaurav Karnik, Partner-IIC, Ernst & Young LLP and the vote of thanks was delivered by Dr. Arbind Prasad, MD, Invest India.

From Left to Right: Dr. Arbind Prasad, MD, Invest India Mr. Raheja Mr. Amitabh Kant, CEO & MD, DMICDC Dr. Sudhir Krishna, Secretary, Ministry of Urban Development, Government of India Mr. Rajeev Talwar, Group Executive Director, DLF Ltd Mr. Gaurav Karnik, Partner-IIC, Ernst & Young LLP

 
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