Exclusive corporate club comes to India

March 4th, 2008 - 4:10 pm ICT by admin  

New Delhi, March 4 (IANS) Corporate honchos now have a dedicated place to strike a deal, to do business networking and talk acquisitions and mergers over drinks. The globally renowned chief executive officers’ club is now in India. The 30-year-club based in the US set up shop here Monday after raiding the Chinese market earlier. “The CEO clubs offer a nurturing and cultivating environment for CEOs to share ideas, knowledge and improve the quality and profitability of their enterprises and facilitate personal growth,” Joe Mancuso, founder of the CEO Clubs, told IANS.

The organisation takes care of the needs of young business heads whose company turnovers are over $2 million annually. The annual fee is $1,000 for each member and one can also opt for a lifetime’s membership of $10,000.

If one brings along a guest, he has to pay $100 per person.

“Every year, we hold at least eight meetings where we invite high calibre speakers to enlighten the members,” Mancuso said.

The non-profit association, which has chapters in the US, UK, China, South Korea, United Arab Emirates and the Philippines, would be launched in Hyderabad March 7.

“In the next five years, the first building of the club would come up in Hyderabad followed by Delhi, Mumbai and Bangalore. For each club, the initial investment is nearly $ 100,000,” the founder of CEO club said.

Explaining why the club the launched in India, Mancuso said in a lighter vein, “I had once visited the country in 1975 and was charmed by the people here. That is why I could not resist coming to India.”

“Moreover, with time the business environment in the country is on a growth trajectory. India is known for its diverse industries, and in Asia, China and India are the two fastest growing superpowers after the US,” he added on a serious note.

“We had made our presence felt in China in 2001, so India was inevitable. I am extremely upbeat about the future of the club there,” Joe said.

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