Full Video of Ebix Chairman Robin Raina in a Fireside Chat - on the Topic 'Aatmanirbhar Bharat - The Global Opportunity' at Times Network’s India Economic Conclave 2022

Rhea-AI Summary

At the India Economic Conclave on April 22, 2022, Ebix Chairman Robin Raina emphasized the need for India to prioritize intellectual property creation as essential for achieving self-reliance. He pointed out that Indian firms have primarily developed IP for foreign companies and advocated for a shift in focus. Raina also mentioned that the government is renewing its focus on this area, suggesting that Mr. Modi’s ‘Make in India’ must evolve into a global initiative. He urged Indian unicorns to become self-reliant to contribute effectively to this vision.

Positive

• Raina's emphasis on intellectual property aligns with government initiatives, potentially boosting innovation.
• A call for public-private partnerships could enhance CSR funding for national projects.

Negative

• The current focus of Indian companies on foreign IP suggests a lack of domestic innovation capabilities.

MUMBAI, India and JOHNS CREEK, Ga, April 25, 2022 (GLOBE NEWSWIRE) -- At the Times Network’s India Economic Conclave in Mumbai on April 22^nd 2022, Ebix Chairman Robin Raina said the dream of a self-reliant India cannot be realized without advancing into intellectual property creation as a top national priority. The full video of the 30-minute fireside chat at the India Economic Conclave, with Times Network Executive Editor Mihir Bhatt can be seen on – https://ebixcash.com/allnews/#videos

Times Network’s flagship annual event - India Economic Conclave (IEC), was held on Thursday and Friday last week in Mumbai, India at the National Centre for the Performing Arts (NCPA). The two-day event featured many insightful sessions with luminaries such as Former US Secretary of State Mrs. Hilary Clinton, UK Prime Minister Boris Johnson and top business leaders like Adani Group Chairman Gautam Adani, Bharti Enterprises Chairman Sunil Bharti Mittal, Vedanta Group Chairman Anil Agarwal, Chairperson - National Bank for Financing Infrastructure and Development K V Kamath, Chairman & Managing Director - ITC Limited Sanjiv Puri and CEO and Chairman of Palo Alto Networks - Nikesh Arora.

Speaking at the Conclave, Raina said India needs to be at the forefront of intellectual property creation and the country needs companies that can compete with global firms who presently dominate in the intellectual property space.

He said that Indian companies till now have primarily focused on building intellectual property for other foreign companies. He added that there is a renewed focus from the government now on intellectual property creation. Raina said Mr. Modi’s Make in India campaign now seamlessly needs to evolve into a “Make in India for the World” effort, which is the need of hour to push the barrier on the intellectual property front.

On the present scenario in the Indian startup ecosystem in terms of scale, volume and profitability, he said unicorns in India chasing volume and valuation must realize that first they need to be “atmanirbhar” (self-reliant) themselves, and then only they can contribute towards the mission of a self-reliant India.

Amongst other topics, he talked about the need for public-private partnership towards aggregating CSR funds in a planned manner for specific projects of national importance, targeted at improving the lives of the underprivileged.

About EbixCash

With a "Phygital” strategy that combines over 650,000 physical agent distribution outlets throughout India and Southeast Asia as of December 31, 2021, to an Omni-channel online digital platform, the Company’s Financial exchange portfolio of software and services encompasses domestic and international money remittance, foreign exchange (Forex), pre-paid gift cards, utility payments, travel services and technologies for insurance, bus information systems, lending and wealth management across 75+ countries including India. EbixCash has Forex operations in approximately 16 international airports, including Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata. EbixCash is a leader in the international remittance business based on gross transactional value. EbixCash, through its travel portfolio (Via.com and EbixCash.com), is one of the leading travel exchanges based in India and catering to Southeast Asian markets, with over 517,000 agents and approximately 17,900 registered corporate clients. EbixCash's financial technologies business offers software solutions to various clients in the areas of wealth, asset and lending management, insurance and bus information systems. EbixCash's business process outsourcing services provide information technology and call center services to a variety of industries. For more information, visit the Company’s website at www.ebixcash.com

Disclaimer:

EbixCash Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India. The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, Equirus Capital Private Limited at www.equirus.com, ICICI Securities Limited at www.icicisecurities.com, SBI Capital Markets Limited at www.sbicaps.com and YES Securities (India) Limited at www.yesinvest.in, respectively, and the websites of the stock exchange(s) at www.bseindia.com and www.nseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.

About Ebix, Inc.

With approximately 200 offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.

Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.com

CONTACT:

Darren Joseph                                                                        

678 -281-2027 or IR@ebix.com

David Collins, Chris Eddy

Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com 

FAQ

What did Ebix's Chairman say at the India Economic Conclave?

Ebix's Chairman Robin Raina emphasized the importance of intellectual property creation for India's self-reliance.

What is the key focus of Ebix's recent statements?

The key focus is on advancing India's capabilities in creating intellectual property to compete globally.

When did the India Economic Conclave take place?

The India Economic Conclave was held on April 22, 2022.

What is the significance of Raina's statements for Indian startups?

Raina urged Indian startups to become self-reliant before contributing to national goals.

How does Raina relate the Make in India campaign to intellectual property?

Raina suggests that Make in India should evolve into Make in India for the World to enhance IP development.