The future’s bright;
the future’s Asia
Business Strategy Group: Second
annual gala Belgrave Square, London, 25 November 2005
 Building
on its successful launch in 2004, the Business Strategy Group
will hold its second annual gala on Friday 25 November. This
year’s theme is India, and Sujit Banerji, president of
the polymers and olefins business of Reliance Industries,
will deliver the keynote presentation on the future of the
chemical industry from an Asian perspective.
Between them, India and China account for 40% of the world’s
population: a report by Morgan Stanley indicates that these
countries have been growing twice as fast as the rest of the
world over the past two decades. There is no doubt that they
are a force to be reckoned with.
India’s population of one billion people offers an enormous
labour force, but cheap labour isn’t the only factor
pushing this country to the forefront of the global economy.
The key is the phenomenal availability of skilled, English-speaking
labour: India produces 3m graduates every year, as well as
700 000 post-graduates and 1500 PhDs. India also has the highest
availability of qualified engineers in the world, the third
highest availability of skilled labour, and are ranked as
the second most entrepreneurial culture in the world.
It has been said that the 19th century belonged to Britain;
the 20th belonged to America, and that the 21st will belong
to Asia. When the revolution happens it is essential that
you are not left behind.
Sujit Banerji is a chemical engineer by trade and has nearly
40 years of experience in the petrochemical industry.
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