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Global Partnership Summit: Growing market has positive impact on private equity

Zafar Islam was of the opinion that India offers a lot more opportunities for private equity investments

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Panellists at the summit take selfie
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Cross border mergers and acquisitions can be an important tool for fostering global partnerships aided by private equity. In a discussion titled 'Role of Private Equity in Empowerment of Financial Institutions' at the Global Partnership Summit being held in New Delhi leading players and experts from the industry talked about the expansion of the sector and the impact it has on global economics and partnerships.

Global Partnership Summit is an India-Japan initiative to build alliances in various fields making way for closer cooperation between the two Asian countries.

The panel included; George Molakal, an Oxford and Harvard Business School alumnus who is the CEO of Alcor Fund, Sachin Seth, Partner EY LLP, Dr E Sankara Rao, Managing Director and CEO, IFCI, Syed Zafar Islam, BJP Spokesperson who has been associated with the finance sector in the past, Boris Tsimerinov, Managing Director Semper8 and Capital and US based Mudit Dawar, Founder and CEO, Access.

George Molakal gave the example of Coke to explain how cross border acquisitions can take place saying the soft drink giant started in US in 1904 and expanded to Canada and Mexico later has a huge presence across the world.

He added that private equity can aid such acquisitions by targeting global customers.

The discussion revolved around the impact of private equity in India. "In the last 10 years things have changed in India financially opening up the growth sector and private equity has come up in a big way," said Rao.

Sachin Seth said that the growth of India is happening a fast pace and it's a win-win situation for financial institutions and private equity firms. "This is creating a robust financial eco system in the counrty."

He pointed out that many of the government schemes like Aadhar are helping since people since people are comfortable lending knowing they are strong mechanisms to detect fraud.

Zafar Islam was of the opinion that India offers a lot more opportunities for private equity investments.

"This ensures an alternate fund and ensure banks can run smoothly. Private equity creates an alternate capital for risk taking ability."

MORE OPPOTUNITIES

  • Zafar Islam was of the opinion that India offers a lot more opportunities for private equity investments. “This ensures an alternate fund and ensure banks can  run smoothly. Private equity creates an alternate capital for risk taking ability.”
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