As India continues to pursue an ambitious roadmap toward becoming a developed economy by 2047, Fairfax expects many opportunities for it and its affiliates, including Fairfax India Holdings Corporation (“Fairfax India”) to participate in and benefit from the “Viksit Bharat” initiative, which aims to help India transition from a $4 trillion economy to a $30+ trillion powerhouse. Fairfax and Fairfax India already participate as investors in sectors critical to this transformation, including infrastructure, urbanisation, financial services, logistics, and mobility, and the growth and success of enterprises like Go Digit General Insurance Ltd. and the Kempegowda International Airport illustrate the potential benefits to shareholders of supporting efforts to build a resilient, sustainable and modern market economy in India that can continue to grow for many decades to come. In this context, leveraging Mr. Kant’s extensive experience in spearheading large-scale development initiatives spanning digital infrastructure, urban renewal, industrial reforms, and tourism, is expected to bring significant value to Fairfax and its affiliates.