World Hindu Economic Conference 2012 in Kowloon, Hong Kong
World Hindu
Economic Conference emphasizes need for Hindu model of economy for the prosperous
world
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Vinod Bansal
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M - 9810949109
Hong Kong, July 01, 2012. World Hindu Economic Conference
emphasizes need for Hindu model of economy to overcome the global threat caused
by undue exploitation of the resources, breakdown of the institution of family in
western societies and lack of ethical framework in the present economic system.
After two day long discussion in Kowloon, Hong Kong, prominent economic experts, industrialists,
management gurus, business persons from across the globe concluded that the
current greed based model of the economy is collapsing and creating political
instability apart from increasing disparity within the societies. it needs to
be captured within an ethical framework to eradicate poverty and environmental
hazards and generating employment.
Inaugurating the first economic conference, organized by the World Hindu
Economic Forum (WHEF), the Vice-Prime Minister of Mauritious, shri Anil Kumar
Bachoo emphasized the need to develop new economic models which are sustainable
and will generate wealth for eradicating poverty, creating employment, and
reducing environmental degradation, since prevalent models are collapsing
across the world, leading to global political instability and increasing
disparity between the poor and poor as well as leading to environmental
degradation.
WHEF has been established to make society prosperous through the
generation and sharing of surplus wealth. The Forum facilitates sharing of
knowledge through reputed economic thinkers, and well established
business-persons of the world. The Forum also provides a common platform for
strategic and management professionals, industrialists, traders, bankers,
investors, technocrats, scientists and economists for creating a prosperous
global society and eradicating human misery across the world. WHEC-2012 was
attended by over 250 prominent businesspersons, industrialists, economists,
bankers, international traders, and business association leaders from different
countries from Europe, Asia, Africa, and
Pacific region.
Dr. Subramanian Swamy
former Union Minister of Commerce and Law in the Government of Bharat and an
alumnus & professor of the Harvard
University delivering the keynote
address in the conference argued that the world needs a new economic agenda based
on ethical framework in lieu of current greed-based model to propel and expand
global economies.
Prof (Dr.) Gautam Sen of London School of Economics emphasized the need to
organize Hindu economy not only for creating wealth, but also for promoting
economic equity across the world and help underdeveloped countries, and
communities.
Prof (Dr.) R. Vaidyanathan, Professor of Finance at IIM Bangalore elaborated the linkages between the ongoing
economic crisis in the Western world and the breakdown of the institution of
family in Western societies. He saw these crises as an opportunity for
reinventing global economic model founded which is more feminine, eco-friendly,
relationship driven and community oriented.
Shri Subhash Thakrar Chairman London Chamber of Commerce and Industry
briefed the delegates about emerging sectors of business in current turbulent
world. He identified Africa as the next area
which could witness significant economic growth and boom.
The conference held extended discussions on the immediate and long-term
goals in context of needs of the global economy. Towards this end, it resolved
to set up an institutional framework with cross-continental footprint which
will provide market intelligence to people interested in furthering the goals
of the Forum. Such a framework will also network millions of existing and
aspiring entrepreneurs.
The Forum also intently listened to Dr. G. Madhavan Nair, ex-chief of
Indian Space Research Organisation and head of Chandrayaan (Bharat Moon
Mission) on how innovations in aerospace technologies is opening up new
markets, wide range of products, and economic possibilities.
Dr. Vijay Bhatkar, ex-Director Centre for Developing Advanced Computing,
and inventor of PARAM supercomputer made a very strong case for investing in
innovation and education as these will be the two factors which will separate
successful business ventures from unsuccessful ones.
Shri D. N. Kulkarni from Jain Irrigation, a global leader in
drip-irrigation technology explained how helping the marginal farmer by
providing best technology and expertise at affordable prices is not only a
commercially a sound practice, but can also create mass-scale prosperity
globally. Shri Bhanwarlal Jain, started his company on a modest six-acre patch
of arid land, and today he runs a MNC with operations in 120 countries with a
turnover of over 800 million USD.
The Forum has also launched Young Hindu Business Leader Forum,
which will offer diverse services to aspiring entrepreneurs in areas pertaining
to mentoring, capital access, training, networking, Internships, and market
research. Young Hindu Business Leader Forum will hold its first meeting in Mumbai,
January 2013.
The Forum held several panel discussions covering topics as diverse as
“Developing Global Economy”, “Making Small and Medium Sized Enterprises
Successful in the Global Market Place”, “Mega Trends in the Global Economy and
Future Prospects” and “Mantra for a Successful Business Enterprise”.
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