Business
Cyrus Vandrevala, Jasminder Singh winners at Asian Business Awards
London
March 28 (IANS/RAY) Investor Cyrus Vandrevala and
hotelier Jasminder Singh were the prominent winners at an Asian Business
Awards ceremony in London.
Vandrevala, formerly a resident of
Mumbai and co-founder of investment company Intrepid Capital Partners
(ICP), received the Global Investor of the Year Award at the ceremony on
Friday night.
ICP recently announced a Rs.1,000-crore facility
for the housing and infrastructure sectors in western India. The company
promises to in due course raise the lending to Rs5,000 crore.
A
spokesman for ICP said: "We are honoured Mr. Vandrevala has been
recognised for his significant contribution as an investor."
Singh
is an Indian origin emigrant from East Africa and now chairman of the
Radission Edwardian Group of hotels in Britain. Radisson Edwardian was
named the Asian Business of the Year Award.
Both Singh and
Vandrevala figured among the billionaires in the first ever Global India
Rich List compiled by London’s Raymedia earlier this month.
A
press release from the organisers of the event quoted G.P. Hinduja of
the Hinduja Group as saying his company would be entering the defence
production in India. This follows the present NDA government permitting
49 percent foreign direct investment (FDI) in the sector. The Hindujas
own Ashok Leyland and Gulf Oil, among other assets, in India.
Earlier this month, the Hinduja brothers featured as the wealthiest Indians in the Global India Rich List.
Present
at Friday's function was British Home Minister Theresa May who was
recently named by the British Prime Minister David Cameron as one of
three potential successors to him, if and after he serves a second term
in office.
May said: “Today we celebrate some of the most
successful Asians in the UK, many of whom started with very little money
and a wealth of ideas and stamina and through sheer hard work made
their way up the career ladder to be where they are today.â€