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Indian market is booming: Bilimoria

The NRI entrepreneur says British businessmen should engage more in India as the market is booming.

india Updated: Aug 05, 2006 11:01 IST

Describing India as a booming market, NRI entrepreneur Lord Karan Bilimoria has said that British businessmen should engage more in that country.

"I am passionate about what's happening in India where the opportunities are huge. India is a booming market. I wish British businessmen engage themselves more in India," he said.

The 44-year-old Bilimoria said this at a grand felicitation organised by CB Patel, Editor-in-Chief of Asian Voice and Gujarat Samachar, a bilingual weekly here on Thursday on his becoming the first Parsi to be the member of the House of Lords.

Noting that 300 million people in the land of his birth were still below the poverty line, Lord Bilimoria, one of the ten youngest Peers in the House of Lords said "when their poverty is eliminated India will truly come of age.

Inspite of all challenges India will succeed."

Karan Bilimoria's mother Yashmin Bilimoria and his wife Heather were also felicitated on the occasion.

Others present included Keith Vaz, MP, former minister of Foreign and Commonwealth Office, NRI industrialists Rami Ranger and GS Gujral among others.

Karan Bilimoria, founder CEO of Cobra Beer, fondly remembered on the occasion his father the late Lt General Fariddoon Bilimoria, who led his unit, 2nd Battalion of the 5th Gorkha Rifles, in the 1971 Indo-Pakistan conflict and retired in 1989 as General Officer Commanding-in-Chief,Central Army Command. More

Lord Bilimoria said one of the greatest strengths of the British Asian community was that they are proud of their roots.

Keith Vaz hailed the appointment of Karan Bilimoria as a cross-bench member of the House of Lords.

"Young and dynamic, Lord Bilimoria is yet another stepping stone for our community," Keith Vaz said, adding there must be more representation to Indians both in the House of Commons and in the House of Lords.

Answering questions on consumption of liquor, Lord Bilimoria said he always promoted "sensible drinking." In addition his company also produced "non-alcoholic beer", he added.