Indian Business Leaders of the Year
Press Trust of India, July 7 2011

NAPLES, Italy, The third Global India Business Meeting by Horasis, a Zurich based international organization, concluded on the 27th of July in Naples, Italy. More than 300 delegates from the public and private sectors - mainly from India - attended the prestigious meeting, the focus of this year''s meeting was on "Globalising Indian Firms".

Thomas Gilles, partner in Baker & McKenzie's Frankfurt office, presented the "Indian Business Leaders of the Year"-Award to Mr. Rajan Bharti Mittal, Mr. Malvinder Mohan Singh and Mr. Dhruv Sawhney.

Mr. Mittal is is Vice Chairman and Managing Director of Bharti Enterprises, one of India's leading business groups. Mr. Singh is Group Chairman of Fortis Healthcare, a leading healthcare player in India and Asia Pacific. Mr. Sawhney is the Chairman and Managing Director of Triveni Engineering & Industries Ltd, one of India's largest producers of sugar, co-generated power and ethanol. Triveni is also the third largest global manufacturer of steam turbines.

In his speech, Mr. Gilles pointed out that India's resilience, even in these difficult economic times, is in large part due to the tremendous entrepreneurial spirit of business leaders such as the awarded who are driving its economic growth and development.

All of the three award-winners had "anticipated the internationalization of the Indian economy, are playing an active role in civil society and possess an enormous entrepreneurial spirit."

Outbound mergers and acquisitions (M&A) activities from India are on the rise, 2010 saw an outbound deal-volume of nearly USD 25 billion, making it the most active year in terms of outbound investment. Indian companies will continue to bid for attractive European targets in 2011, attractive valuations and increasing domestic competition being the main deal drivers

Horasis, The Global Visions Community, is an independent international organization committed to enacting visions for a sustainable future. The community hosts annual meetings to advance solutions to the most critical challenges facing corporations today. Dr. Frank-Jürgen Richteri s the chairman of Horasis and among the participants are the CEOs of the world's most respected corporations as well as business leaders from emerging markets. From the first meeting in 2005, annual gatherings have been held around the globe. The flagship events are the Horasis Annual Meeting as well as regional summits focusing on China, India, Russia and the Arab world.