New Delhi. Traditional wisdom says `Don’t put all your eggs in one basket’ and it perfectly applies on Mr. Murari Lal Jalan.An eminent figure in the business fraternity, Mr Jalan is a veteran who has invested in diverse sectors like Real estate, Mining, Trading, Construction, Fast Moving Consumer Goods, dairy, Travel & tourism and Industrial works globally to name a few, minimizing the risk factor.
Presently he has his investments in the United Arab Emirates, India, Russia and Uzbekistan amongst others. Mr Jalan’s brand ‘M J Developers’ is known for its core business principles – focus on the customer, aim for high quality development and have a vision to deliver good quality coupled with timely execution.Mr Jalan’s primary governance philosophy is based on building resilient and sustainable enterprises which would be directly in tune with his approach to sustainable development – form of progress that meet the needs of the present without compromising on anything to meet the needs of the future generation. It is an approach which postulates a holistic, balanced and integrated perspective on development.
This is supported by macro-economic indicators and the annual Gross Domestic Product (GDP) growth of Uzbekistan has exceeded 8% over the last 11 years, which is one of the highest in the world. The GDP has increased 5.5 times during the years of independence, while GDP per capita (PPP) has risen by 4 times. Since 2005, state budget has reached its annual surplus contributing to the present state of macro-economic stability. This has inspired Mr. Jalan to be optimistic about the bright future, growth and development of Uzbekistan.
Mr Jalan remains committed and excited to be a part of this success story of the country because of its decisive, bold steps towards openness and foreign trade. His third venture is at Bukhara which is rich in historical sites and his ventures would be part of more than 2 million sqm. of residential apartments, and with sprouting up of 4 luxurious hotels, renowned Universities, Medical Institutes, iconic towers, all this will give new shape to Uzbekistan.
As part of this vision, the government has recently announced plans to modernize the agriculture sector, reduce its ownership of state-owned assets and enterprises, and address constraints in the financial markets. And, to make sure that no stone is left unturned to make the “Project Uzbekistan” a grand success, two young and dynamic entrepreneurs who are also a part of the family Mr. Ankit Jalan and Mr. Aakash Garg are core contributors to convert Mr. Jalan’s ventures into grand success. These two gentlemen have already proved their abilities and talent in nurturing group businesses around the globe.
Mr Jalan is leading from the front and significantly contributing to the government’s dream of making “Project Uzbekistan” come alive in the near future.