Growing Indian eco helps cos to invest abroad: Kamath

Dubai: The growing Indian economy has boosted confidence of local companies to make investments outside the country, K V Kamath, non-executive Chairman of ICICI Bank and Infosys has said.

"Economic prosperity at home has given cash and confidence to Indian (emerging market) companies and many have been quick to make significant investments outside their shores," Kamath said in a statement, issued by the organisers of the third Pan Indian Institutes of Management(IIM) Alumni Gulf Summit to be held here on March 17.

"However, building a successful global brand and organisation requires a lot more than deep pockets – strong leadership, entrepreneurial managers, consistent strategy, the ability to build trust and ability to manage multi-cultural environments," added IIM alumnus Kamath, who will be a key speaker at the summit.

Organised by the UAE-based Alumni of the Indian Institute of Management (IIM), the third Pan IIM Alumni Gulf Summit is being held on March 17 here. It is sponsored by Abu Dhabi Commercial Bank (ADCB) for the third consecutive time.

The 300+ participants will include IIM alumni, leaders from prominent local businesses, corporate organisations, and entrepreneurs.

As companies from countries such as India and the UAE grow into global prominence, the summit seeks to discuss ideas around opportunities and challenges faced by business leaders and managers in emerging economies, as they take their organisations into the international arena, the statement said.

The summit will also see speakers such as Arif Naqvi, founder and Group CEO of PE group Abraaj Capital, Boutros M Boutros, Divisional Senior Vice-President for Corporate Communications at Emirates Airline & Group and Anjali Raina, Executive Director of Harvard Business School India Research Centre, it added.