India today is a land of opportunities, and the ambient business environment in the country is characterised by exuberance and optimism. The feel-good climate is also reflected among reinsurance and insurance market participants who have received a shot-in-the-arm by way of the second phase of liberalisation of the sector, according to Mrs Alice G Vaidyan, Chairman-cum-Managing Director of GIC Re, in her special welcome address at the opening session yesterday of the 11th India Rendezvous in Mumbai.