Britain's entrepreneurial spirit will protect it from being overshadowed by the rise of India and China, the founder of Cobra beer claimed yesterday.
Speaking at a CBI Executive Lunch at Birmingham's Botanical Gardens, Karan Bilimoria said that despite the "looming" threat of the two countries, UK business would always find a way to "go the extra mile".
"It's what we're good at on this little island," Mr Bilimoria said.
"The biggest threat to Britain is the global economy, but our own economy is resilient and we can face it as a challenge and an opportunity."
Indian-born Mr Bilimoria studied law at Cambridge and began his career as an accountant for Ernst & Young.
In 1989, he realised a student dream and founded Cobra Beer - a less gassy beer designed to be an accompaniment to Indian food.
Cobra has now racked up sales of around £80 million a year, is one of the fastest growing unlisted companies in the UK and has breweries in Poland, Holland, Belgium, India and Britain.
Rather than avoiding the issue, Mr Bilimoria said Britain should embrace India and China.