Mr. John Nevin:

India is the future. I have come from a scaffolding company which did business in India - a traditional manufacturing business. We had a €40 million order backlog with India in 2011 and it was zero by 2012 because the Indian Government did not deliver on its part of the deal. The power stations were built but the interconnectors were not put into the power stations to take the energy away. That was the frustration of India. Under Prime Minister Modi, all that has now been addressed and that scaffolding company is now back doing consistent, good business with India. The country is complex but Prime Minister Modi is making a difference and businesses engaging with India are seeing the benefits.

India has 900,000 engineers coming out of college every year. A million jobs are being created there every month and the plan is to create 120 million jobs over the next ten years. That is happening. It is different from what it was four or five years ago. Like all of these places, there will be bumps in the road but the progress is almost inexorable and we have to stress the need to be in that space.