'Inspirational' business magnate Lord Paul dies

1 week ago 4

Leading British industrialist Lord Paul has died aged 94.

The Indian-born laminitis of the UK-based alloy and engineering Caparo radical had been successful infirmary successful caller days pursuing a play of illness, Indian media reported.

He died successful London surrounded by members of his family.

India's Prime Minister Narendra Modi were among those paying tribute connected Friday successful a station connected X wherever helium shared a photograph of him sitting down with Lord Paul.

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Mr Modi highlighted the businessman's publication to manufacture and nationalist service, arsenic good arsenic efforts to fortify relations betwixt India and the UK.

"His unwavering enactment for person ties with India volition ever beryllium remembered. I fondly callback our galore interactions," Mr Modi wrote.

Among different achievements, Lord Paul helped co-chair the India-UK Round Table radical from 2000 to 2005, and was for years a fixture connected The Sunday Times' Rich List - helium was ranked 81st successful this year's database with an estimated wealthiness of astir £2bn.

The Indian person said helium was "deeply saddened" by the decease of the concern mogul, known for his daring attempts successful the 1980s to equine a bid of firm takeovers, according to Indian media.

Born successful Jalandhar, India successful 1931, Lord Paul was educated astatine Punjab University and studied mechanical engineering successful the US astatine the Massachusetts Institute of Technology.

He reportedly relocated his household to the UK successful 1966 to get aesculapian attraction for his youngest daughter, who had leukaemia.

In 1968, helium founded Caparo Group, which has operations successful Europe, Asia and North America.

In 1996, helium was made a beingness adjacent arsenic Baron Paul of Marylebone, and successful 2009 helium was appointed arsenic a subordinate of the Privy Council.

He had besides been the chancellor of the University of Wolverhampton since 1999.

The assemblage released a connection connected Friday describing him arsenic an "inspirational and generous chancellor" who was passionate astir education.

"Lord Paul was profoundly committed to the assemblage and a passionate protagonist of our societal mobility objectives and our purpose of creating accidental for all," said vice chancellor Ebrahim Adia.

"He was a idiosyncratic of large humility, generosity and integrity, and helium volition beryllium dearly missed."

Angela Spence, the university's seat of the committee of governors, said "his publication has been immense and his bequest enduring".

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