Asian Business Awards and Rich List 2011

Asian Business Awards and Rich List 2011

Despite the tough economic climate, Asian businesses continue to beat the odds and hold aloft the spirit of enterprise and entrepreneurship, as witnessed at the 2011 Asian Business Awards, organized by the Asian Media & Marketing Group, publishers of Eastern Eye, Britain’s biggest selling English language Asian newspaper on Friday, March 18. The collective worth of the individuals at the award ceremony itself was estimated at over £15 billion.

Following an evening of celebration, the Group announced this year’s winners and revealed the Top 10 wealthiest Asians in Britain from its extensively researched Asian Rich List 101.

The keynote speech was delivered by the chief guest, the Rt. Hon. Dr. Vince Cable, MP, Secretary of State for Business, Innovation & Skills, who announced two big initiatives to help Asian entrepreneurs in Britain – a three-year moratorium, in which all small companies and start-ups will not have any new regulation, and secondly, “a bonfire of the 22,000 government regulations that we discovered exist, which choke many of the enterprises,” he said. Congratulating Asian businesses on their success in the UK, he said, “We’re looking to you to give the leadership, drive and the inspiration that your community has been providing in recent years.”

This was followed by the Asian Business Leaders Forum, a stimulating and inspiring panel discussion with three of Asia’s leading businessmen: Gopi Hinduja of the Hinduja Group, Surinder Arora founder and CEO of Arora Hotels and the entrepreneur Dr Chai Patel, former Chief executive of the Priory Group. Sharing insights on the great success of the enterprise, Mr Hinduja said, “In each and every business, you need clarity and common sense. This has helped us to go into diversity.”

On the occasion of the awards, the AMG Group initiated fundraising activities for two very worthy causes. To educate poor children, a cause close to its heart, the Group has partnered with the Asian Foundation for Help to educate the poorer of the estimated 400 million children in India. In a show of solidarity towards lives that have been devastated by the recent earthquake and tsunami in Japan, the AMG Group also pledged to donate half of the night’s proceeds to one of the major relief agencies working on ground in Japan.

Encouraging Asian entrepreneurs to keep pursuing their dreams, Kalpesh Solanki, AMG Group Managing Editor, said: "The Asian Business Awards are a tremendous occasion and a reminder of just how successful the Asian community has been, but it is about more than just that too – it is a rallying cry and clarion call for entrepreneurs and enterprises not to give up and keep on the path they believe in.”

Commenting on the economic conditions, he added: “We know for some conditions are tough and they may not be in the best of spirits but many attending tonight have experienced hardship and difficult periods but have come through it and reaped the efforts of their self-belief and hard work. The Asian Business Awards are about a sense of solidarity and understanding what it takes to build a successful business and ultimately, a prosperous nation."

Zameer Choudrey, chief executive of Bestway, said: "Last year the company won the Asian Business of the Year award. We were delighted and honoured to have been recognised in this way. It is always good to be recognised by your peers and also the Asian community in this way.
We all appreciate what it takes to get to the top and the sacrifices and hardship that comes with it – the Asian Business Awards reflect all that and project a dynamic, foward-looking, vibrant community."

Lord Swraj Paul, founder of Steel group Caparo, said: "The Asian Business Awards are a terrific business and community event and make an important statement about our contribution to our country. All the winners have inspiring stories and we want to encourage entrepreneurship in the next generation making its way forward. I want the Asian business community to be recognised properly – it has played a big role in this country."

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