Like a true professional, she threw light initially on the concept of Foreign Direct Investment, how it came into being, why it is essential in the present scenario and it's power of creating headlines every other day. Her powerpoint presentation summed up all her points of discussion with the utmost efficiency and enhanced her explanations. Interestingly, it was from right to left, reasoned for people to pay attention to their ears more than their eyes!
Mrs. Capoor also highlighted contemporary examples like the success of Dr. Lal Path Labs, Telecommunication Companies, McDonalds', the IGI Airport, Walmart, the automobile sector, Big Bazaar, Reliance Fresh, Easy Day, Nirulas, IKEA and many more..
Her idea of the FDI was about cross border dealings comprising of stocks and private funds. The evolution of FDI was divided into 3 phases which included the phase prior to 1980, the one between 1980 and 2000, and the one post 2000. In our speaker's opinion, the post independence period had a controlled economy, limited resources and limited scope. On the other hand, the modern business era is much more conducive to growth and globalization. Talking of the 80's tourism in China, she made us realise what a long way the world has come. Also, the contribution of Dr. Manmohan Singh brought about a huge change in the Indian Economy. The example of Coca Cola and Rs. 25 per SMS lightened up students' faces!
Coalition policies provided a stable government and direction to boost the major policies including FDI. The disinvestment policy also shifted ownership criteria towards the private sector. Comparisons among the 3 phases were also discussed. The recent policy for Multibrand Retail Trade, effective from Sept 20, 2012 was highlighted as well.
Every coin has 2 sides. The negatives were also correctly pointed out. India being a developing country, it's infrastructure is a major concern in the invent of the world famous retail stores. Mrs. Capoor made sure that each present took active interest in the topic. She also patiently mentioned the FDI process and ammendments to the policy. She elaborated why India is a favourable site for foreign investors. Adding her sense of humour, examination of relevant points made the curious brains give thought to her words.
A question answer round was carried out, where our guest cleared out doubts of the young would-be-graduates. The students showed enthusiasm and participated with the zeal to learn.
We thank her, whole heartedly for sharing her opinion, and imparting her wisdom with the Department of Commerce, Hans Raj College.
At the end of the day, it is the knowledge and networking that keeps a person well aware of his surroundings. Thanks to seminars, they help us meet professionals in the industry and communicate directly about the never ending generation of thoughts.
-Shaurya Gahlawat