#NDTVProfitAtWEF | From discussions around large investments in Indian infrastructure to promising scope of the country’s manufacturing side, day 1 sees a lot of optimism around India at #Davos2024.
Niraj Shah gives a comprehensive wrap.
Niraj Shah gives a comprehensive wrap.
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TVTranscript
00:00 Well, day one at the World Economic Forum at Davos was marked by some pretty interesting
00:05 conversations at the Congress Center on rebuilding trust.
00:09 But while that happened within the premises of the WEF, what we did at NDTV Profit and
00:14 the NDTV Network went well beyond that.
00:17 If you're talking to guests about the India promise, with India being the oasis of growth
00:23 in a world which is marked by being fractured, deglobalized or if you will, globalization
00:31 and more.
00:33 So here's what conversationalists told us.
00:37 Manish Kejriwal of Kedara mentioned that he saw more promise and investments in infrastructure
00:42 projects in India.
00:44 It was an interesting point wherein he said that global private equity majors would be
00:49 now at the forefront of making large investments in infra in India, something that was absent
00:57 over the last so many years.
00:58 He spoke about how the government is now no longer being headwinds but providing tailwinds
01:05 to global investors and which was a pretty interesting point.
01:08 Niranjan Gupta of Hero Motocorp, while confident about the growth story of Hero because he
01:13 said that Hero is moving from being a company which thrived at the regular category or the
01:21 non-premium category or the lower horsepower category or the lower CC category to the higher
01:26 CC category and the premium category as well.
01:29 He did mention that he saw substantial interest into the India conversation, both on the manufacturing
01:35 side as well as manufacturing in India for the world.
01:40 He saw some pretty interesting conversations with Noshir Kaka who is PWC's co-lead of technology
01:46 globally and he mentioned that companies across the world are talking about making significant
01:51 investments in India and global capability centers upping their demand for real estate
01:57 in India, particularly in South India was just the tip of the iceberg.
02:01 And talking about global companies, companies like IKEA, companies like Check Point which
02:08 is an $18 billion company in security systems, spoke about how India is emerging as the forefront
02:16 both in terms of getting talent for the world as well as becoming a market for consumption,
02:22 both B2B and B2C.
02:24 So a lot of optimism around India on day one of the WEF, at least in conversations that
02:29 we've had on NDTV Profit and the NDTV Network, none less than the one which was marked by
02:36 Bursz Brende of the WEF who said that India will probably become a $10 trillion economy
02:41 by the turn of this decade and he saw multiple sectors which will benefit out of this growth
02:47 that is happening in India.
02:49 Thanks so much for tuning into the NDTV Network all through today and we promise to bring
02:53 you the best and the most relevant voices over the course of the next four days from
02:57 WEF at Davos.
02:59 [Music]