‘Internalization -India’s Global Goal & Role.’
Dr. NIRANJAN HIRANANDANI
Founder & Chairman- Hiranandani Group, Chairman-NAREDCO, Provost -HSNC University, Advisor- Mumbai University,Chairman at YOTTA, Chairman - Greenbase Industrial & Logistics Park, Past Presient- Assocham, IMC, MCHI CREDAI
With India’s G20 Presidency, there is a renewed opportunity for Indian businesses to strengthen global collaborations which will help to foster economic stability, growth and progress as external headwinds threaten to dampen India’s growth rate, leading to a much significant need for Indian businesses to scale up, diversify and explore the global market.?
Indian businesses can go diversify from local to global markets to globalize their business. The open economy will enable us to forge better collaboration, trust, competitive edge, global best practices, integration of global technology, and build a robust supply chain. The conducive regulatory framework and growth-oriented ecosystem will give an impetus to the Indian industries global civilization. ?
The global exposure will correspondingly augur well for scaling up the domestic market. The low labour cost, conducive domestic market dynamics, political stability, structural policy reforms, incentive schemes mark it the right time to leverage domestic strength and shine on the global map. India’s entrepreneurial ecosystem is undeniably under the spotlight globally and economic resilience under astute leadership of PMO Narendra Modiji is incredible. ?
Moody's Investors Service on Wednesday raised India's economic growth estimate for 2023 to 5.5 per cent from 4.8 per cent pegged earlier, on the back of a sharp increase in capital expenditure in the Budget and a resilient economic momentum. Finally, India has stepped into ‘Amrit kaal’. Let us all rise to this occasion by our share of contribution.?
The aim to internationalize Indian businesses is to integrate the local best players with international network to accomplish India’s global goal and global role.