The Rotary Club of Navi Mumbai Industrial Area, District 3140 organized a meet with Vikram Pandit – globally known reputed name known for meticulous investor. The Rotary Club of Navi Mumbai Industrial Area, District 3140 organized a meet with Vikram Pandit at Vashi. Several known businessmen and industrialists attended the meet to discuss the economic growth in India and the areas calling for changes and improvisations for the economy to grow without any hindrances. The meet was presided over by Das Gupta – the President of Rotary Club of Navi Mumbai Industrial Area, District 3140. Vikram Pandit a native of Mumbai joined Morgan Stanley in 1983 as an associate and within seven years became Managing Director. Vikram Pandit served as the president and chief operating officer of the Institutional Securities and Investment Banking Group from 1994-2000 at Morgan Stanley where he was responsible for the overall management of the group and focused on the trading, sales and infrastructure aspects of the business. After moving from Morgan, Vikram Pandit is back in India looking for investment opportunities. Navi Mumbai News spoke to Vikram Pandit in an exclusively interview. One important aspect the industrialists discussed during the meet was how China is slowly and steadily capturing the export market of India. Throwing light on this Vijay Pandit said that India is growing at 7% and China 9 %, so there is an obvious gap. He added that in any case, there is always a profit and risk partnership between an investor and the stock market. He emphasized that if the infrastructure in the country was improved to meet global standard growth will automatically follow. When quested why China was scoring over the Indian manufacturers in the international market, the President of the Club Das Gupta says that it is only because of the quantity of the product and not the quality.
December 16, 2014