It gives us great pleasure to be a part of this IP Summit, 2018. We endorse the Summit's aims for cultivating a favorable environment for "listing" in the Country. Adam Smith, the great Scottish economist illustrated in his book "The Wealth of Nations" how greater output could be achieved through division of labor by giving them one small task each in building a complex good/ article. This was the miracle of "specialized labor" that was key to productivity lead industrialization.
A same kind of miracle has been performed by the Capital Markets that has proven as a catalyst to economic Growth and has triggered Wealth Creation Process for the whole Society. We strongly believe that stock markets are a catalyst to economic development through access to finance [primary market] by perpetual funding augmented with reduction of financial risk. It is the beauty of this market where the initial owners may en-cash their investment and can run two businesses instead of one (with the same equity) with constant ability to raise further capital due to the valuation for the stock offering which may be very generous particularly when market is booming.
Economic development wheel many further be accelerated if this important tool of resource mobilization can be extended to cross border regions. Despite all the obvious benefits, Companies are still reluctant to opt for "listing". This can only mean that either companies are ignorant or the Stock Markets are not able to pitch "listing" as well as they ought to. In order to get ahead, Stock Markets must sort this out in a manner that the companies are able to visualize the miraculous benefits of "listing" waiting to happen.
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