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1st World Hindu Economic Forum (WHEF) Held in Hong Kong

Mauritian Vice-Prime Minister, Hon’ble Anil Kumar Bachoo
inaugurated the First World Hindu Economic Forum (WHEF), which was
held in Hong Kong on June 30-July 1, 2012. During his inaugural
address, he emphasized on 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 rich 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.
WHEF-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, an alumnus and professor of the Harvard
University delivered the keynote address at the Forum. In his
address, he argued that the world needs a new economic agenda and
business ethical framework in lieu of current greed-based model,
which will not only propel and expand global economies.
Prof (Dr.) Gautam Sen taught “Politics of the World Economy” at the
Department of International Relations, London School of Economics &
Political Science 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 on 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 Forum on emerging sectors of business in
current turbulent world. He identified Africa as the next area
which could witness significant economic growth and boom.
The Forum 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”.
The Forum’s meeting at Hong Kong is a grand success and all the
delegates and speakers were inspired and interested in furthering
the cause of World Hindu Economic Forum. World Hindu Economic Forum
will meet next in Bangkok in 2013.
Source & Images : chakranews
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