FBN delegation in Coimbatore

A delegation of Family Business Network (FBN), a global network of family-owned companies, today said family-run business prospered in the region though majority of their promoters hailed from agrarian background.
The 20 members of the delegation, who are next-gen entrepreneurs from some of the finest and largest family businesses of the world, arrived here today on a two-day visit as part of their learning journey to know the best practices adopted by family businesses in this region.
Director of Ekki and Deccan Pumps Kanishka Armugham told reporters that the delegation would visit major family-run businesses such as textile machinery major LMW and Chennai Silks during their stay here.

The members of the delegation expressed happiness that the family business prospered in the region even though majority of them hailed from agrarian background, he said.
Arumugham also said FBN's Next Generation International Summit was being hosted in India for the first time in Goa in July, adding he was one of the hosts for it.
Another host of the summit Shankara Vanavarayar said the delegation members would also get to know the best practices adopted in corporate social responsibility area and also the contribution to the growth of the society by these successful family business.

Arumugham said about 250 family businessmen, representing 58 countries, including India, would participate in the summit and discuss the success stories.

The delegation members would visit Madurai on April 25 and interact with leading family business houses in the temple town, he said.
The Switzerland-headquartered FBN has over 9,100 individual members from over 3,000 family businesses across 58 countries, he added.