The current scenario for 'International Business in India' is more than heartening. With stupendous growth of more than 7% annually, improvement and stabilization of relations with neighboring countries and record setting rise of its stock indexes, India continues to grab international attention. It is destination of opportunity with its high-potential workforce and burgeoning middle class and as an increasingly dynamic competitor.
India being a multi-cultural, multi-lingual and multi-religion state, it is not advisable to formulate a uniform business strategy. The eastern part of the country is known as the 'land of the intellectuals' and is regarded as the cultural hub of the country. The southern part is known for its technology acumen and western part is the commercial-capital of the country. The north is where the political power sits and operates the country. ' International Business Opportunity in India ' exists in ares like -
Information Technology and Electronics Hardware.
Telecommunication.
Pharmaceuticals and Biotechnology.
R&D.
Banking, Financial Institutions and Insurance & Pensions.
Capital Market.
Chemicals and Hydrocarbons.
Infrastructure.
Agriculture and Food Processing.
Retailing.
Logistics.
Manufacturing.
Power and Non-conventional Energy.
Sectors like Health, Education, Housing, Resource Conservation & Management Group, Water Resources, Environment, Rural Development, Small and Medium Enterprises (SME) and Urban Development are untapped and offers huge scope. With highest numbers of technical, medical, business management graduates and highest numbers of Phd.s coupled with an energetic English speaking mass India offers 'services' with 50-70% less cost from their western counterparts.
For 'International Business in India' b odies like CII, FICCI and different Chambers of Commerce provides a variety of business facilitation services by -
Closely working with Government and business promotion organizations in India and the respective partner countries.
Also hosts high-level Government dignitaries and help build close working relationships between Governments and business organizations.
It also exchanges business delegations, joint task forces and identify bilateral business co-operation potential and make suitable policy recommendations to Governments.
With opportunities galore for ' International Business in India' the trend is mind boggling. ' India International Business' community along with Indian Domestic Business community is steadily emerging as the Knowledge Capital of the world. The World Bank and different rating organizations have forecast that at 7-8% of Economic growth, she will be worlds second largest economy by 2050.
SONAM KUMARI GUPTA
PGDM 1ST
Tuesday, October 27, 2009
Monday, October 26, 2009
DJB needs Rs 600cr extra for 2010 work
NEW DELHI: With less than a year to go to the Commonwealth Games, government agencies are waking up to a fund crunch for all the infrastructural needs of the city. The latest to join the chorus for more funds is the Delhi Jal Board, which claims it needs a further Rs 600 crore to fund its Games-related projects. A high-level meeting was held some days ago between senior government officials, including the chief minister, and the top brass of the DJB. Speaking to TOI, DJB CEO Ramesh Negi admitted that the agency had asked for Rs 600 crore to finish ongoing projects. "Earlier this year, we had asked for Rs 2,300 crore for all the projects, but were sanctioned only Rs 1,400 crore by the government. These additional funds are needed for ongoing projects for this financial year.'' Sources in the government, however, said that the demand by the DJB could pose a problem, especially as there's a fund crunch. While the government itself has gone to the Centre for additional funds for the Games, other agencies have in turn applied to the Delhi government for more financial help. The poor collections in revenue according to Delhi government figures, the government is short of revenue collection by almost 50% as well as the effect of the recession are some of the reasons cited for the government's inability to extend required funds to the agencies. This is primarily due to the fall in collection of luxury tax, levied on hotels and restaurants, and stamp duty on the sale and purchase of property, added sources. Incidentally, the MCD and PWD have also asked for fudns from the Delhi government. The various works for which the DJB is seeking funds include projects like the Okhla and Dwarka treatment plants, sewer lines rehabilitation work, parts of the Munak canal, and several others.
POSTED BY: PALLAVI SINGH
PGDM III SEM
Hindi Chini Bhai Bhai
Climate change: Hindi-Chini bhai-bhai Jug Suraiya Monday October 26, 2009
Can climate change and global warming be the tune to which the two adversarial Asian giants, China and India, will finally learn to tango together? Is their similar position on environmental concerns the common ground on which the Chinese dragon and the Indian elephant can learn to dance together, turning the acrimonious cry of 'Hindi-Chini hai-hai' to the amicable mantra of 'Hindi-Chini bhai-bhai'?
Since the 1962 conflict, relationships between Beijing and New Delhi have been strained, often to the point of snapping. Recently they touched a new low after Beijing objected to Prime Minister Manmohan Singh's visit to Arunachal Pradesh shortly before the assembly elections in the state. China it seemed was making its displeasure felt after New Delhi had raised no objections to the Dalai Lama - persona non grata in Beijing's eyes - visiting Tawang monastery in Arunachal, to which China lays claim. India, in turn, had reason to be miffed too by Beijing having inked a joint project with Pakistan on territory the ownership of which was under dispute between New Delhi and Islamabad.
But just when it seemed that the two Asian giants were once again on a collision course, the sun broke out of the gathering clouds of conflict: New Delhi and Beijing signed an agreement making common cause on the contentious issue of climate change against the western powers.
Respectively the fastest and second fastest growing economies in the world at a time of recession, China and India are viewed with increasing ambivalence by the developed world. On the one hand, the economic progress of the two great Asian dynamos is seen as a lifeboat for a global economy in danger of sinking. On the other hand, the environmental consequences of such growth are viewed with apprehension by the First World. Such fears are not groundless. Today, China is the world's worst polluter. India is fourth on the list of environmental offenders, after the US in second place and Russia in the third slot.
Since the 1996 Montreal Protocol, Beijing and New Delhi have adopted a parallel strategy to make the developed world reduce its carbon emissions by 5 per cent and provide clean technology to the developing world to enable it to maximise economic growth with minimal environmental damage.
Led by the US, the developed world, having already eaten the cake of economic prosperity is resentful on environmental grounds of the developing world having its own cake of economic growth. The logic behind this is simple as it is skewed: if everyone on the globe were to be as environmentally wasteful as Americans, we would need 13 planets the size of Earth to supply us with the natural resources required to sustain such levels of consumption.
Led by China and India, the developing world's response to these arguments is that they amount to environmental apartheid: having gained affluence at the expense of the environment, the rich nations want to deny the poorer nations the same right. Indeed, it could be, and has been, argued that the First World is using fears of climate change and environmental degradation as a stalking horse to curb the aspirations of the developing world, particularly those of China and India which today threaten the economic - and therefore political - hegemony that the North has so far enjoyed over the South.
It is in the mutual interest of Beijing and New Delhi to adopt a joint action plan on the challenge of climate change, and the developed world's attempts to use it as a shackle to hobble the economic growth of the developing world at large, and of China and India in particular.
The threat of global warming - and the First World's cynical use of it - might be the unifying factor which will lead to a thaw in Indo-Chinese relations. Back to 'bhai-bhai' from 'hai-hai'.
Sonam Singh
Can climate change and global warming be the tune to which the two adversarial Asian giants, China and India, will finally learn to tango together? Is their similar position on environmental concerns the common ground on which the Chinese dragon and the Indian elephant can learn to dance together, turning the acrimonious cry of 'Hindi-Chini hai-hai' to the amicable mantra of 'Hindi-Chini bhai-bhai'?
Since the 1962 conflict, relationships between Beijing and New Delhi have been strained, often to the point of snapping. Recently they touched a new low after Beijing objected to Prime Minister Manmohan Singh's visit to Arunachal Pradesh shortly before the assembly elections in the state. China it seemed was making its displeasure felt after New Delhi had raised no objections to the Dalai Lama - persona non grata in Beijing's eyes - visiting Tawang monastery in Arunachal, to which China lays claim. India, in turn, had reason to be miffed too by Beijing having inked a joint project with Pakistan on territory the ownership of which was under dispute between New Delhi and Islamabad.
But just when it seemed that the two Asian giants were once again on a collision course, the sun broke out of the gathering clouds of conflict: New Delhi and Beijing signed an agreement making common cause on the contentious issue of climate change against the western powers.
Respectively the fastest and second fastest growing economies in the world at a time of recession, China and India are viewed with increasing ambivalence by the developed world. On the one hand, the economic progress of the two great Asian dynamos is seen as a lifeboat for a global economy in danger of sinking. On the other hand, the environmental consequences of such growth are viewed with apprehension by the First World. Such fears are not groundless. Today, China is the world's worst polluter. India is fourth on the list of environmental offenders, after the US in second place and Russia in the third slot.
Since the 1996 Montreal Protocol, Beijing and New Delhi have adopted a parallel strategy to make the developed world reduce its carbon emissions by 5 per cent and provide clean technology to the developing world to enable it to maximise economic growth with minimal environmental damage.
Led by the US, the developed world, having already eaten the cake of economic prosperity is resentful on environmental grounds of the developing world having its own cake of economic growth. The logic behind this is simple as it is skewed: if everyone on the globe were to be as environmentally wasteful as Americans, we would need 13 planets the size of Earth to supply us with the natural resources required to sustain such levels of consumption.
Led by China and India, the developing world's response to these arguments is that they amount to environmental apartheid: having gained affluence at the expense of the environment, the rich nations want to deny the poorer nations the same right. Indeed, it could be, and has been, argued that the First World is using fears of climate change and environmental degradation as a stalking horse to curb the aspirations of the developing world, particularly those of China and India which today threaten the economic - and therefore political - hegemony that the North has so far enjoyed over the South.
It is in the mutual interest of Beijing and New Delhi to adopt a joint action plan on the challenge of climate change, and the developed world's attempts to use it as a shackle to hobble the economic growth of the developing world at large, and of China and India in particular.
The threat of global warming - and the First World's cynical use of it - might be the unifying factor which will lead to a thaw in Indo-Chinese relations. Back to 'bhai-bhai' from 'hai-hai'.
Sonam Singh
Globalisation ke side effect
Globalisation ke side effects Rajesh Kalra Monday October 26, 2009
Has the country really benefited from globalisation? This has been a topic of endless debates in India ever since Narasimha Rao authorised nation’s current CEO, Dr Manmohan Singh, to accept IMF’s ‘conditionalities’ in 1991 and join the global league.There is little doubt that the experience so far has been a mixed bag, but I feel compelled to repost today (with minor updates) a piece I wrote for the Economic Times, almost a year ago that brought out the socio-economic challenges we face. A year on, nothing has changed. Would invite you to read it and decide for yourself.It's no more rustic aloofnessAbout six (now seven) years ago, panchayats of three villages around Gurgaon’s ‘Mall’ Road picketed entrances to the four malls that were operating then (current number is over 20) and threatened to shut all pubs and night clubs located inside if the managements allowed village youth to come in. They complained that their youth were stealing money, and even their mother’s jewellery, to be able to pay for what they thought was the high life. These columns had then argued that the development pointed to a looming socio-economic problem. Most landowners in these new boomtowns had sold their land to developers at what seemed like a lot of money then. A fair number bought cars, several travelled to Singapore and Thailand on holidays, and a large number started frequenting pubs and clubs and generally tried hard to be like the ‘in’ crowd. Multitude of TV channels and their depiction of high life seemed like the best thing to follow. However, in the absence of any guidance on how to wisely invest their money, several of them soon realised their windfall from land sale had dried up. Most had also seen by now how developers had marketed, what was once their land, as a dream destination for the growing middle class, and at rates that were in multiples of what they had been paid. While several felt they had been stupid to sell out so cheap, some actually believed they had been short-changed. In any case, the hunger for good life had not satiated, but with no money, the impressionable had started resorting to unlawful activities, as was exemplified by the happening at the malls. However, even with the money and minus the nefarious activities, in a hugely class conscious Indian society, they were still not considered good enough to be a part. One major cog missing was their inability to speak English. And while most think the erstwhile landowners’ is a story that doesn’t have a happy ending, the realisation that English is necessary for them to survive is one silver lining. Realising that money alone would not get them the acceptance, a number of elders urged their kids to learn English. To them, these kids would get them the recognition in the society that they themselves may have aspired for but never hoped to get. The added bonus was that it would give these kids a higher status even among their peers. It is this class consciousness that has been captured beautifully by a recent mobile advert where an NRI asks a village boy in accented Hindi, directions to someone’s house, only to look incredulous as the child rattles off the direction in perfect English, before rounding off with “Have a good day sir”. And, as I realised last week (this was in October 2008), this is not limited to the advertisement alone. We have a cycling club – Pedalyatri - and were riding through a village beyond Gurgaon late last month and stopped at one point to get directions. It was early morning and a couple of youngsters gathered around us, admiring our bicycles. These could be kids from any Indian village — unkempt, excited, and impressionable. Just as we were about to move on, one of them asked, in perfect English — “uncle, how much are these bikes for?”, and before any of us could answer, another one offered: “These bikes have gears, so they must be very expensive.” We were dumbfounded for a moment. We chatted up the kids and realised they knew a lot more than one would expect them to, thanks to exposure, mostly through TV. A little later, while we struggled through a narrow, sandy track, a car followed us patiently for over a kilometre. It was too narrow for it to overtake, but we were still surprised at the patience on display, especially since this part of the country is known for needless aggression. As soon as we got onto paved track, the car overtook us and out came three typical Haryanvis — tall, well-built and rustic, and started interrogating us in chaste Haryanvi accent. Where we are from, where we are going, why we are on cycles when we could be on cars, how much are these bikes for, how often do we come on these rides, have we ever been on this trail before, and so on. We answered in all seriousness, before our second unbelieving moment of the day occurred. Having heard us, one of them piped up and asked in clear, unaccented English “What would it take for me to become part of this group?” We tried to hide our surprise and explained the Internet group that allows similar minded guys to come together. He took down this information on a piece of paper. How should one take this experience? Depends on whether you look at it as a glass half full or half empty. English is the global language and it is great if more and more Indians understand and speak the language. This opens more avenues for their growth, for example, in the call centre business that has already earned India the sobriquet of the World’s Back Office. So strong is the perception that the day India launched the Chandrayan, at one of the hugely popular Late Night shows in the US, a stand up hack said this: “Hey, I want to say congratulations to the nation of India today. They’ve joined a very select group that has successfully launched a space mission. Chandayaan-1 blasted off early this morning, and this is exciting for us because the next time we call customer service at Microsoft, we might be calling the moon.” This is good, but have the negatives of six (now seven) years ago been addressed. Not really. The desire for material things has gone up, as has the divide between the rich and poor. And while the purchasing power of the middle class has gone up too, the fact is that if one were to look at the class that picketed the malls six years ago, the socio-economic conditions may actually have worsened. There is a need for an all inclusive growth that goes beyond rhetoric and genuinely addresses the issues at hand. The growing number of those speaking English is a silver lining, but all these kids need guidance and mentoring. That push has to come from the government, with support from the corporates. Having the highest number of billionaires in the top 10 list is great, but even better would be if the majority of the population can live contentedly, and as this number prospers, they will consume more of what the corporate sector produces. Ultimately a win-win situation, which would have more happy than unhappy!
Ashwini Suhalka
Has the country really benefited from globalisation? This has been a topic of endless debates in India ever since Narasimha Rao authorised nation’s current CEO, Dr Manmohan Singh, to accept IMF’s ‘conditionalities’ in 1991 and join the global league.There is little doubt that the experience so far has been a mixed bag, but I feel compelled to repost today (with minor updates) a piece I wrote for the Economic Times, almost a year ago that brought out the socio-economic challenges we face. A year on, nothing has changed. Would invite you to read it and decide for yourself.It's no more rustic aloofnessAbout six (now seven) years ago, panchayats of three villages around Gurgaon’s ‘Mall’ Road picketed entrances to the four malls that were operating then (current number is over 20) and threatened to shut all pubs and night clubs located inside if the managements allowed village youth to come in. They complained that their youth were stealing money, and even their mother’s jewellery, to be able to pay for what they thought was the high life. These columns had then argued that the development pointed to a looming socio-economic problem. Most landowners in these new boomtowns had sold their land to developers at what seemed like a lot of money then. A fair number bought cars, several travelled to Singapore and Thailand on holidays, and a large number started frequenting pubs and clubs and generally tried hard to be like the ‘in’ crowd. Multitude of TV channels and their depiction of high life seemed like the best thing to follow. However, in the absence of any guidance on how to wisely invest their money, several of them soon realised their windfall from land sale had dried up. Most had also seen by now how developers had marketed, what was once their land, as a dream destination for the growing middle class, and at rates that were in multiples of what they had been paid. While several felt they had been stupid to sell out so cheap, some actually believed they had been short-changed. In any case, the hunger for good life had not satiated, but with no money, the impressionable had started resorting to unlawful activities, as was exemplified by the happening at the malls. However, even with the money and minus the nefarious activities, in a hugely class conscious Indian society, they were still not considered good enough to be a part. One major cog missing was their inability to speak English. And while most think the erstwhile landowners’ is a story that doesn’t have a happy ending, the realisation that English is necessary for them to survive is one silver lining. Realising that money alone would not get them the acceptance, a number of elders urged their kids to learn English. To them, these kids would get them the recognition in the society that they themselves may have aspired for but never hoped to get. The added bonus was that it would give these kids a higher status even among their peers. It is this class consciousness that has been captured beautifully by a recent mobile advert where an NRI asks a village boy in accented Hindi, directions to someone’s house, only to look incredulous as the child rattles off the direction in perfect English, before rounding off with “Have a good day sir”. And, as I realised last week (this was in October 2008), this is not limited to the advertisement alone. We have a cycling club – Pedalyatri - and were riding through a village beyond Gurgaon late last month and stopped at one point to get directions. It was early morning and a couple of youngsters gathered around us, admiring our bicycles. These could be kids from any Indian village — unkempt, excited, and impressionable. Just as we were about to move on, one of them asked, in perfect English — “uncle, how much are these bikes for?”, and before any of us could answer, another one offered: “These bikes have gears, so they must be very expensive.” We were dumbfounded for a moment. We chatted up the kids and realised they knew a lot more than one would expect them to, thanks to exposure, mostly through TV. A little later, while we struggled through a narrow, sandy track, a car followed us patiently for over a kilometre. It was too narrow for it to overtake, but we were still surprised at the patience on display, especially since this part of the country is known for needless aggression. As soon as we got onto paved track, the car overtook us and out came three typical Haryanvis — tall, well-built and rustic, and started interrogating us in chaste Haryanvi accent. Where we are from, where we are going, why we are on cycles when we could be on cars, how much are these bikes for, how often do we come on these rides, have we ever been on this trail before, and so on. We answered in all seriousness, before our second unbelieving moment of the day occurred. Having heard us, one of them piped up and asked in clear, unaccented English “What would it take for me to become part of this group?” We tried to hide our surprise and explained the Internet group that allows similar minded guys to come together. He took down this information on a piece of paper. How should one take this experience? Depends on whether you look at it as a glass half full or half empty. English is the global language and it is great if more and more Indians understand and speak the language. This opens more avenues for their growth, for example, in the call centre business that has already earned India the sobriquet of the World’s Back Office. So strong is the perception that the day India launched the Chandrayan, at one of the hugely popular Late Night shows in the US, a stand up hack said this: “Hey, I want to say congratulations to the nation of India today. They’ve joined a very select group that has successfully launched a space mission. Chandayaan-1 blasted off early this morning, and this is exciting for us because the next time we call customer service at Microsoft, we might be calling the moon.” This is good, but have the negatives of six (now seven) years ago been addressed. Not really. The desire for material things has gone up, as has the divide between the rich and poor. And while the purchasing power of the middle class has gone up too, the fact is that if one were to look at the class that picketed the malls six years ago, the socio-economic conditions may actually have worsened. There is a need for an all inclusive growth that goes beyond rhetoric and genuinely addresses the issues at hand. The growing number of those speaking English is a silver lining, but all these kids need guidance and mentoring. That push has to come from the government, with support from the corporates. Having the highest number of billionaires in the top 10 list is great, but even better would be if the majority of the population can live contentedly, and as this number prospers, they will consume more of what the corporate sector produces. Ultimately a win-win situation, which would have more happy than unhappy!
Ashwini Suhalka
PM tells off Wen, says Dalai free to travel in India
NEW DELHI: During a dinner conversation with Wen Jiabao, PM Manmohan Singh did what US President Barack Obama hesitates to do: he told the Chinese premier that Dalai Lama was "an honoured guest in India and a respected religious leader" and was free to travel anywhere in the country. Briefing journalists after the East Asia summit in Hua Hin, Thailand, Singh said, "I explained to Premier Wen that Dalai Lama is our honoured guest and he is a religious leader... (But) we do not allow Tibetan refugees to indulge in political activities and proof of that is that we took resolute action against some Tibetans during Olympics (torch relay) last year following reports that some refugees might create problems." The Singh-Wen meeting is important in view of the recent heated temperatures between India and China on everything from the boundary to visas and rivers. India sent a couple of important messages to China. First, that India's hosting of Dalai Lama and Tibetan refugees did not amount to supporting any separatist movement against China; second, that India would continue to exercise control over its internal affairs, and third, that the responsibility for maintaining peace and tranquility in Sino-Indian relations rested in both Beijing and New Delhi. China has already demarched India on the Dalai Lama's proposed visit to Arunachal Pradesh. The PM said he had a frank discussion with Wen on all issues, though the MEA tried to filter the conversation for journalists, by saying that the Dalai Lama issue had not figured in the talks. "I had a frank and constructive exchange of views with Premier Wen," the PM said. "We discussed all these issues and agreed that the existing mechanism of bilateral cooperation should be used to resolve all issues in the spirit of strategic and cooperative partnership," he added. Describing the boundary dispute as a "complex" issue, which "cannot be wished away", Singh said, "Pending the resolution of the boundary question, both countries have an obligation to maintain peace and tranquility along the border." Singh has a particular interest in the rivers issue with China, and sources said he never wasted an opportunity to tell the Chinese that unilateral decision on diversion of Brahmaputra waters would not be helpful. Chinese foreign minister Yang Jiechi will meet S M Krishna in Bangalore on Tuesday for the Russia-India-China trilateral meeting and its expected that a number of these issues will be raised again. The PM said the meeting would have an opportunity to "discuss all issues which have a bearing on our relationship".
POSTED BY: PALLAVI SINGH
PGDM III SEM
Plan to admit 10% foreign students
LUCKNOW: The Institutes of Management (IIMs) are seriously considering to admit 10 percent of students from abroad. For this, the institutes would not compromise on the number of Indian students. They would induct more students in relative proportion. Director of Indian Institute of Management (IIM), Lucknow, Prof Devi Singh gave this information on the sidelines of a CEO conclave held at IIM-L here on Sunday. He said that in view of the increase in infrastructure and other facilities, more campuses of IIMs were being opened in other cities to give the institute a global touch.
Posted By: Pallavi Singh
PGDM III sem
Friday, October 23, 2009
Microsoft launches Windows 7 Operating System
Microsoft on Thursday launched the Windows 7 operating system (OS). It comes with a host of tools for multimedia applications for business and retail customers.
The new version comes in six editions for various users and is priced between Rs.5,800 and Rs.11,000. “We have launched Windows 7 in six editions, targeted at specific user groups and will be available on desktops, laptops and netbooks across the varied price range,” Microsoft India Chairman Ravi Venkatesan said at a press conference.
Windows 7, which is available pre-loaded with PCs now, can be bought off-the-shelf once the company receives the customs nod.
“A user can save about Rs.500-800 a desktop in terms of security features and power usage. As many as 16 original equipment manufacturers will launch about 100 more models by the end of this month with Windows 7 OS installed,” Mr. Venkatesan said.Specific user groups
The six editions are: Windows 7 Home Premium (for home consumers), Windows 7 Professional (for small and medium businesses), Windows 7 Starter, Windows 7 Home Basic (for emerging markets), Windows 7 Enterprise, and Windows 7 Ultimate.
ANSHU KUMAR
PGDM 1st year
The new version comes in six editions for various users and is priced between Rs.5,800 and Rs.11,000. “We have launched Windows 7 in six editions, targeted at specific user groups and will be available on desktops, laptops and netbooks across the varied price range,” Microsoft India Chairman Ravi Venkatesan said at a press conference.
Windows 7, which is available pre-loaded with PCs now, can be bought off-the-shelf once the company receives the customs nod.
“A user can save about Rs.500-800 a desktop in terms of security features and power usage. As many as 16 original equipment manufacturers will launch about 100 more models by the end of this month with Windows 7 OS installed,” Mr. Venkatesan said.Specific user groups
The six editions are: Windows 7 Home Premium (for home consumers), Windows 7 Professional (for small and medium businesses), Windows 7 Starter, Windows 7 Home Basic (for emerging markets), Windows 7 Enterprise, and Windows 7 Ultimate.
ANSHU KUMAR
PGDM 1st year
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