At the ET NOW Global Business Summit 2024, Lord Gerry Grimstone, Chairman of Gemcorp Capital Management, delved into the multifaceted impact of Foreign Direct Investment (FDI) in the current era marked by disruption, development, and diversification. Grimstone underscored the pivotal role of FDI in leveraging new technologies.
Lord Gerry Grimstone (Image Source: TN Digital)
At the ET NOW Global Business Summit 2024, Lord Gerry Grimstone, Chairman of Gemcorp Capital Management, delved into the multifaceted impact of Foreign Direct Investment (FDI) in the current era marked by disruption, development, and diversification. Addressing the three central themes of the conference: Disruption, Development, and Diversification. Lord Grimstone underscored the pivotal role of FDI in leveraging new technologies.
Expressing his perspective, Lord Grimstone highlighted that the past few years have presented unprecedented investment opportunities, particularly in areas that embody disruption. He singled out life sciences and fintech as prime examples, emphasizing the profound advancements in the digitalization of financial services. Another critical domain he identified was climate change and the global response to it, stating that the Green Revolution surpasses the impact of the British industrial revolution in terms of investment.
Lastly, Lord Grimstone underscored the significance of artificial intelligence, noting that each of these technological waves generates substantial investment, fostering disruption and diversification.
Regarding the ongoing debate in India about the strategic direction between manufacturing and services-led growth, Lord Grimstone, a former U.K. Minister for Investment, shared his insights. He acknowledged that manufacturing has the advantage of operating across diverse social and economic backgrounds, playing a role in societal restructuring and contributing to employment opportunities for both men and women.
In essence, Lord Grimstone emphasised that FDI serves as a catalyst for transformative changes, offering opportunities in disruptive technologies and contributing to the broader developmental goals.
About ET Now Global Business Summit
The Times Group presents the ET Now Global Business Summit as a distinguished platform that has in the past hosted an illustrious array of personalities, both from India and around the world.
