Hong Kong woos Indian investors

India can emulate China and participate in Hong Kong's flourishing financial capital, said Ambrose Siu-kwong Lee, secretary for security, Hong Kong.

He said, over the last year, some of the biggest companies from China across sectors have listed on the stock exchange in Hong Kong.

"India can also do the same," said Lee.

He was speaking at an interaction on the sidelines of the inaugural session of the AIMA-AAMO 34th National Management Convention today.

Addressing the gathering Lee said that India had emerged as the second fastest growing economy in the world.

He said that many companies from across the globe were investing in Bangalore, which had emerged as India's silicon valley.

According to Lee that could be credited to the cultivation of workforce in India.

Sanjiv Goenka, convention chairman and vice chairman, RPG Enterprises said, the India of today is reformed, rejuvenated and resurgent.

"The rapid growth of industry and improvement in incomes have created a greater self-confidence among people at all levels, more particularly among managers and entrepreneurs," he said.

Subir Raha, president AIMA and executive vice-chairman of Hinduja Group India, spoke about the changing face of India and said, "It should be an Asian century," he said.

B Muthuraman, convention co-chairman and managing director, Tata Steel said that India was at an exploratory stage in the global voyage.

However, Pratap Chandra Chunder, former Union minister for education, was skeptical about the benefits of globalization and industrialization.

He said, "Industrialisation is good but it means that there will be automation and less people will be required."

He called for inclusive growth and that development should touch all segments of the society.