New Delhi, Apr 7 (PTI) India is full of potential and Indians are “born entrepreneurs”, leading NRI industrialist Lord Swraj Paul said, as he received a lifetime achievement award here.

The 87-year-old businessman, who was born in Jalandhar in Punjab, was honoured with the Golden Peacock Award for Lifetime Achievment by the Institute of Directors in the presence of Delhi Lt Governor Anil Baijal yesterday.

“We (India) have so much potential. And, an Indian is a born entrepreneur. Let us all work together. And, tonight, I dedicate this award to India,” said Paul, also member of the House of Lords, after receiving the award last night.

Baijal, before his speech as the chief guest of the felicitation ceremony, said he was making his remarks in his personal capacity at the function and “not as the Lt Governor of Delhi”.

He said that while there was a “lot of buzz” in skill development sector in the country, he did not see the same level of buzz in the job sector.

“Unskilled youth not getting jobs is an issue, but skilled youth not getting jobs is far more serious,” Baijal said.

Former foriegn secretary Ranjan Mathai, in his special address, hailed Paul as the man with an “iron will and steel resolve”, who has never deviated from his path despite challenges that he has faced.

According to the citation of the Award, Paul, Chairman of the Caparo Group, a leading UK-based manufacturer of steel products, has property and leisure interests and currently employs over 7,000 people across North America, UK, India and the Middle East.

He has been conferred with the life time achievement award for his outstanding contributions in the fields of manufacturing industry, education and philanthropy.

Paul, in his acceptance speech recalled his higher education in the US at the prestigious Massachusetts Institute of Technology (MIT), which he said, taught him to “never settle for the second-best”.

Just prior to the function, a thematic session on ‘Empowering MSMEs for the National Growth’ was also held at the India International Centre.

Secretary, MSME, Arun Kumar Panda, in his address during the session, said the MSME sector has contributed to the country in some of the biggest projects.

“Some of the parts used in Mars Mission, Tejas Project and the CERN in Europe were manfactured in this sector,” he said.

This is published unedited from the PTI feed.