Indian prime minister Narendra Modi pays tribute to the former Indian president APJ Abdul Kalam during a wreath laying ceremony at New Delhi airport. Reuters
Indian prime minister Narendra Modi pays tribute to the former Indian president APJ Abdul Kalam during a wreath laying ceremony at New Delhi airport. Reuters

Tributes pour in for India’s beloved former president, APJ Abdul Kalam



NEW DELHI // Tributes poured in on Tuesday for one of India’s most beloved presidents, APJ Abdul Kalam, who died on Monday evening at the age of 83.

Kalam, a scientist who served one term as head of state between 2002 and 2007, died of sudden cardiac arrest in the north-eastern city of Shillong, where he was delivering a lecture at an educational institution.

India declared a seven-day period of mourning, as is common for ex-presidents. Kalam’s body was taken to New Delhi on Tuesday morning, where it lay in state through the day. On Wednesday, the body will be taken to Kalam’s hometown of Rameswaram, in the state of Tamil Nadu, for a funeral.

Prime minister Narendra Modi called Kalam “a great scientist, a wonderful President & above all an inspiring individual” in a tribute posted on Twitter late on Monday night.

The UAE President Sheikh Khalifa sent a cable of condolence to Indian president Pranab Mukherjee, as did Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Ruler of Dubai, and Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.

Kalam was most noted for his involvement in the development of India’s space and missile-defence programmes. He also played an administrative role in India’s nuclear tests in 1998.

But he achieved his stellar levels of popularity as president, being seen as an approachable, down-to-earth statesman who retained a keen sense of wonder, championed science and classical music, and tried to inspire children to dream big.

With his shock of silver-white hair, Kalam was easily spotted in a crowd – and was often at the centre of one, signing autographs or chatting. In a country where mass adulation is usually reserved for film stars and cricketers, he received roaring ovations whenever he entered a room or lecture hall.

On Tuesday, Indian social media was filled with posts about Kalam, paying tribute to his status as an endearing public figure. An astonishing number of people seemed to have met him personally, remembering even fleeting encounters. Others cited inspiring quotes from his lectures or the more than a dozen books that he wrote, including memoirs, scientific manifestos and motivational titles.

“If you want to shine like a sun, burn like a sun,” one such quote ran. Another said: “Dream, dream, dream. Dreams transform into thoughts, and thoughts result in action.”

Kalam was born into a poor family in Rameswaram. His father was a boatbuilder, and to supplement this income Kalam delivered newspapers.

After completing a master’s degree in aerospace engineering at the Madras Institute of Technology, Kalam went on to work with the state-run Defence Research and Development Organisation (DRDO) and the Indian Space Research Organisation (ISRO). He served as the prime minister’s chief scientific adviser between 1992 and 1999, during which time India conducted its second round of nuclear tests.

In 2002, the then Bharatiya Janata Party (BJP) government nominated Kalam – who was never associated with the BJP – to be India’s 11th president.

In India, presidents are consensus choices, nominated by the government of the day and then seconded by other opposition parties.

The presidency is largely a ceremonial office, and Kalam made sure that he stayed apolitical and unsullied by rumours of corruption.

His most significant intervention in the political process came in 2006, when parliament tried to pass a bill that allowed members to hold “offices of profit” in other organisations or companies. The bill was controversial, with the potential to create conflicts of interest or avenues for corruption.

Although every bill comes to the president for his formal assent before becoming a law, this rubber-stamp approval is routinely taken for granted. On this occasion, however, Kalam exercised his constitutional right and sent the bill back to parliament, signalling his disapproval by asking that it be amended.

“I had to do it,” he said later in an interview, describing it as “the toughest decision” of his presidency.

Stubbornly, parliament sent the bill back without changes, knowing that the constitution requires the president to approve it on this second iteration. But Kalam refused to sign the bill for two-and-a-half weeks before reluctantly approving it.

While in office, Kalam embarked on an programme of public outreach, bringing the presidency closer to the people and throwing open Rashtrapati Bhavan, the stately presidential residence, to more visitors.

Rupa Prasad, a mother of two who was visiting New Delhi from the United States in 2003, recalled how her daughter Sukanya, then aged five, had passed Rashtrapati Bhavan and wondered if she could go inside to see more of it.

Ms Prasad’s father urged his granddaughter to write the president a letter. “My dad mailed it, and a few weeks later we got an invite from Kalam to [visit] Rashtrapati Bhavan for tea,” she recalled. “It was truly an amazing one-on-one experience meeting him in person for about 30 minutes.”

“He showed the kids pictures of all his missile work,” Ms Prasad said. “Such a humble person. The country has truly lost a great man.”

Although he actively sought a second term, he was not renominated by the next, Congress-led government, so he returned to teaching, his primary love.

Even on the day he died in Shillong, Kalam strode quickly to the lecture hall at the Indian Institute of Management, one his aides, Srijan Pal Singh, wrote in a Facebook post on Tuesday.

“Often he would ask me: ‘You are young, decide what [you would] like to be remembered for,’” Mr Singh said. “I kept thinking of new impressive answers, till one day I gave up and resorted to tit-for-tat. I asked him back: ‘First you tell me, what [would] you like to be remembered for?”

Mr Singh offered Kalam some choices: president, scientist, writer.

“I thought I had made the question easier by giving options, but he sprang on me a surprise. ‘Teacher,’ he said.”

ssubramanian@thenational.ae

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”