Nagpur: “For investment in business and industry, honesty and credibility is the biggest capital than the resources and technology. Honesty, patience and transparency is must for long-term growth of any business,” the Union Minister Surface Transport, National Highways and Shipping Nitin Gadkari said. He was speaking after inaugurating ‘Investor Fair’ organised by National Stock Exchange (NSE) at local Hotel Centre Point, Ramdaspeth, here on Saturday. Managing Director of NSE, one of India’s leading exchanges, Vikram Limaye was prominently present on the occasion.
The NSE Investor Fair is organized for awareness to inculcate the equity cult among entrepreneurs, investors and students in the city. The NSE Investor Fair focused on three comprehensive themes, which highlighted benefits of fund raising through NSE’s SME platform NSE Emerge, on career options for students in the financial sector and investment opportunities in the stock market for investors.
Gadkari further said that people lack information regarding financial investments. Instead of investing in the traditional Post Office deposits, bank savings accounts, if people invest in business-industry then they could garner good returns. It will also lead to economic development of the country, he stated.
There was active participation from member brokers, institutional financial advisors, merchant bankers, chartered accountancy firms and institutions who finance SME’s. Sessions were held for the different set of participants through the day. The SME session was attended by entrepreneurs of the city in large numbers.
The Managing Director of NSE Vikram Limaye, in his speech, said, “NSE Emerge has gained tremendous momentum in recent years. We are confident that entrepreneurs in SME clusters in the city and Vidarbha belt will be able to benefit immensely, by listing on NSE’s platform. We are here to explain benefits of listing to entrepreneurs in the city’’.
During the session, participants were sensitized on topics like financial planning, benefits of long term investment in equity market and the importance of diversified asset allocation, to reduce risk. Investors were told about exchange traded funds, which are ideal for retail investors as small investments and systematic investment plans can yield good long term returns, with lower risk than other products.