Building the nation with teachers

Q. What are the factors that draw one towards teaching?

A. The factors keep changing at different levels of education. Unfortunately, school-level teaching is stereotyped as a woman’s job because handling young children is not considered to be a part of the male’s domain. Therefore, it is comparitively easier for women to get into the education sector.

The Sixth Central Pay Commission has made much difference in the higher education sector. Today, at an entry level, an assistant professor usually gets a salary, which is much better than what was in old days, absence of which acted as a filter then. People who believed in materialism did not join this sector.

Q. What does this role entail?

A. For many, teaching is not a preferred profession. However, to be in this sector one has to possess a firm belief in academics. It is not just about being in the world of books, but it entails thinking, sharing, the desire to teach and valuing feedback from learners. Poeple interested in research work often join the industry. Along with patience that research requires, there should be inspiration and desire to work.

If one aspires to be a school teacher, one needs to empathise with children and should be willing to work with them. People who are not very comfortable with children would not want to enter the profession. Training teachers programme can teach the maxium but senstivity towards with students’ need has to come from within. Click here to read more...

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Quality is the best policy

Q. What was the thought process behind the brand ‘Rockland’?  

A. We started with the vision of building Rockland as the most trusted healthcare brand nationally and internationally. Our aim was to provide quality services at the most reasonable rates. Establishing a brand is a gradual, tenuous process that requires perseverance, respect for people and high quality standardised services.

Q. Has Rockland been able to meet the requirements of its customers and employees? How correct is the perception that private hospitals are too expensive today? 

A. Rockland has not only been innovative in providing world-class facilities to its customers but also in providing a healthy work environment to its employees. A secure environment that ensures growth of the individual employee through training and other programmes also helps the organisation grow. We lay emphasis on the need to attract and retain our employees for a long period of time. Click here to read full interview...

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This one's on the House

Though the rise of income has guaranteed food and clothing to the average Indians, a major portion of them still remain deprived of the third basic requirement – shelter. India has been unable to provide better, safe housing to its over 350 million middle-class population. And the demand is only increasing with another hundred million coming out of poverty, thanks to the high growth of corporate sector and its better economic performance. However, the exponential increase in demand for housing but slow pace of supply is widening the demand-supply gap rapidly, which clearly calls for immediate attention and intervention from the concerned authority.

A close analysis reveals a few basic maladies – bad management and inadequate regulations. To start with, average Indians are least motivated for home-credit, and somewhere it reflects the government’s failure to encourage people to opt for credit. Innumerable economic researches reveal that housing is one of the investment options which directly contribute to the economy in any situation. Well, our government and bureaucrats perhaps forgot that. The proportion of housing loan as a percentage of India's GDP went up from 3.4 per cent in 2001 to 7.25 per cent in 2006, yet it remains abysmally low when compared with other countries. The same in US is 54 per cent, 57 per cent in UK, 40 per cent in the European Union, and 37 per cent in Malaysia, according to the National Housing Bank, a wholly owned subsidiary of RBI. Along with this, limitations in infrastructural development and geographical differences are other primary hassles.....Continue

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The Sunday Indian

Setting the pace

The elephant moves slowly but firmly. Its motionless figure is often undistinguishable from the brown background of forests, especially in the summers, till one reaches well within its striking distance. Bahujan Samaj Party seems to have acquired some such qualities of its election symbol. The party doubled its vote share in all the four state Assembly elections in the Hindi heartland – Madhya Pradesh, Chhattisgarh, Rajasthan and Delhi – touted as the semifinal before the General Elections due within next six months.

So will it repeat the feat in the finals as well – in the general elections that are due in six months time? It pretty well might. For consider: it took the BSP – founded in 1984 – four Assembly polls (with a single-digit tally each time), three Parliamentary elections and a pre-poll tie up with the Samajwadi Party in 1993 to make its presence felt in Uttar Pradesh. The party had brief stints at power there with the Bharatiya Janata Party’s support in 1995, 1997 and 2002, before it secured a complete majority in the Uttar Pradesh Assembly election last year. Those who smirk at the BSP’s tally this time – two seats each in Delhi and Chhattisgarh, six in Rajasthan and seven in Madhya Pradesh – need to wake up to some facts that are not so clearly written on the political wall. Its vote share in Delhi rose to 12; in Madhya Pradesh to 11; in Rajasthan to eight; and in Chhattisgarh to six.

Significantly, all these states have traditionally been two-party states, with almost no space for a third party. The Bahujan Samaj Party still bagged well over 10,000 votes in nearly half of the constituencies it contested in Delhi, and a quarter of those it did in Rajasthan and Madhya Pradesh. “In Delhi, it demolished the notion that the BSP would damage only the Congress,” conceded a senior BJP leader, who naturally did not wish to be named. And he added that but for the BSP, the Congress would almost certainly have registered an even more emphatic win in Rajasthan than it eventually did.....Continue

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The Sunday Indian

Dmitry’s tango in us backyard

Russian President’s visit to South America may well have been pegged as intended to unfasten business prospects for Russian business interests, but in reality it was to demonstrate that Moscow could manoeuvre in the US backyard in the midst of apprehension over Washington's interest in Eastern Europe and the Caucasus. Dmitry Medvedev wrapped up a week-long tour of Latin America last week with a meeting with Fidel Castro premeditated to reinstate a coalition and reinforce his country's position in the region.

Earlier last week, Medvedev and Venezuelan President Hugo Chávez together gave the preliminary shot for a combined marine exercise in the Caribbean. The two nations also signed a nuclear collaboration accord. Also, Russian Foreign Minister Sergei Lavrov is visiting Ecuador to talk about nuclear collaboration with Quito.

Analysts say Russia wishes to reinforce ties with socialist regimes in Latin America in retort to US procedure to build a missile shield in Eastern Europe. Medvedev is the first Russian President to visit Cuba since 2000. Russian representatives refute that Medvedev's trip is intended to aggravate the US, but the voyage incorporated get-together with Washington's staunchest adversaries in the region.....Continue

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Inclusive growth needs to be given one more fillip to help arrest ultra movements

While the politicians are expected to do no better, what is, indeed, disturbing is that even our intellectuals, media experts and/or political analysts sometimes begin to speak their language. That’s how this dominant, hegemonic political discourse becomes a form of social and intellectual discourse, too. Sometimes, I’m compelled to believe that Bollywood offers a much better, sharper and more critical understanding of our social and political issues than our politicians, media experts and analysts put together.


Neeraj Pandey’s recent movie, “A Wednesday”, scores over several other movies on the familiar theme of ‘terrorist violence’ for two different reasons. One, because it helps us understand that one should never underestimate either the patience or the anger of a common man. If pushed too far, he may choose to find his own weird solutions to the growing menace of terrorism. Two, because it succeeds in putting human face on terror, almost inviting us to sympathise with the ‘characters’ we have only learnt to hate over the years. Neeraj Pandey doesn’t leave us in any doubt that the real question is not whether the terrorist is a Hindu or a Muslim, because he only practices the ‘religion of hatred and terror,’ something that all religions unequivocally denounce. The real question is that a terrorist, too, was a human being much before he became a terrorist. In other words, it’s the denial of social justice coupled with economic deprivation that often compels a human being, regardless of his religion, to pick up the gun. In a way, when an individual takes to terrorism, he is making a loud statement. He wants to scream and tell the society: ‘You have pushed me into the oblivion, and here I return, in my new found anonymity to throw your orderly, patterned lives into absolute ruin and anarchy.’ Terrorism is the last outpost of a civil society, triggered off by the failure of dialogue between the citizen and the state, especially when the state fails to deliver. It’s an utterly helpless scream of those citizens who wish to be heard and seen, even ready to enter a system that delivers or assures them a decent place in the mainstream. Be it Kashmir or Nagaland, Assam or Punjab, ‘terrorism’ has reared its ugly head in all those places where the process of development has given common people a miss, or wherever it has substantively failed to transform the lives of the people at the grassroots. Rather than indulge in useless rhetoric, let us give development and inclusive growth one last chance. Also let us give our people, no, not just vague promises (for they have had surfeit of these already), but a genuine reason to believe that justice is possible for all, regardless of their status, position, caste or religion. Who knows, somewhere it may help us minimise, if not eliminate, the ‘horrendous impact’ of this ‘national problem’!...Continue

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Bangladeshi migrants

The situation in Assam, meanwhile, continues to be grim. There are around six million illegal Bangladeshis. The Gauhati HC had earlier this year said that “Bangladeshis had become kingmakers in Assam”, and stressed on the need for a “strong political will” to remedy the situation. Some 855 students had died in the Assam Agitation in the 1970s and ‘80s, a movement aimed at forcing the government to identify and deport illegals. The situation, however, shows no sign of improvement even after the SC scrapped the controversial Illegal Migrants (Determination by Tribunals) Act, 1983, a piece of legislation that was tailor-made to protect the illegal Bangladeshis in Assam.

Arunachal Pradesh, on the other hand, seems to gain immensely from the inner line permit provision that it has, being a sensitive border state, a provision that was often seen as an obstacle in the state’s development. Here too, however, the political will is striking compared to the scenario in Assam, which through full page advertisements declared that hundreds of alleged Bangladeshis, who had been pushed out of Arunachal and Nagaland a few months ago, were in reality Indian citizens, something that should have left to the judiciary to determine. “So far as our government is concerned,” said Tsering Gyurme, parliamentary secretary and principal adviser to Arunachal Pradesh CM Dorjee Khandu, ”the inner line permit does not allow even Indians to settle in our state. So there is no question of outsiders. We even insist on Arunachalis travelling out of the state to carry identity papers.” There is an increase in the number of illegal Bangladeshis now working in Itanagar. And what of the fact that the Tarun Gogoi government had declared that the suspected illegals pushed out of Arunachal were Indians? “That’s Gogoi’s problem,” Gyurme told TSI. All Bangladeshis who were working in Arunachal Pradesh had been identified and “could be shunted out anytime”, he added. “This is not like Assam where people can come in anytime, settle and get permanent resident certificates.”

The All Nyishi Students’ Union (ANSU) had served a quit notice on alleged Bangladeshis in September this year. The students then physically removed a number of alleged illegals, which led to the All Minority Students’ Union in Assam blocking National Highway. While Arunachal home minister Jarbor Gamlin had at that stage said that there were around 8,000 illegal Bangladeshis in Arunachal, the state unit of the Congress had come out in support of the movement by Arunachali students. “We support any move to free the state of migrants,” Nabam Tuki, president of the state unit of the Congress had said at that point. Support for the innerline permit meanwhile only grows. He blamed the Border Security Force for letting in Bangladeshis. “No one goes from Assam to bring Bangladeshis into Assam,” he said, “the paramilitary forces simply let them in.”

And just how far are these governments willing to go to protect the rights of it heir people? One indicator would perhaps suffice: asked about the 1974 Indira-Mujib Pact, which has turned out to be a major impediment in so far as repatriation of Bangladeshi illegals from India is concerned, and which groups such as the Asom Gana Parishad (AGP) in Assam demand that the government renegotiate with Bangladesh, Lyngdoh was clear of his government’s stand: “Our state laws do not permit even Indian citizens to buy land in our district councils. So the Indira-Mujib Pact will not work here,” he said....Continue

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About the ‘buzz’

When a mosquito buzzes around you, something quite fascinating is happening. When any insect flaps its wings, the air above the wings swirls around and creates a pocket of moving air above the wing which has less pressure than the air below, lifting the insect upward. These little whirlpools are known as leading-edge vortices. Birds are able to fly the same way.....Continue

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Can more than one Superpower work together for a better world?

This friction got heated up after Russia deployed its strategic bomber over the Caribbean and participated in joint naval exercises with Venezuela. The tasks took place immediately after the US aid delivery reached Georgia, post war. Venezuelan President Hugo Chavez stated (September 11, 2008) that these moves point towards "a multi-polar world". He said, "The Yankee hegemony is finished." Since the activities are happening in US-influenced regions, the next wave of cold war might spread to the Middle East. This hypothesis is evident from Syrian President Bashar Assad's statement (with reference to US-Russian confrontation) that appeared in Middle East Times on October 13, 2008, “Flames from one part of the world spreads to other regions and the fire becomes twice as strong.” It requires no rocket science to comprehend that Middle East would never want to get crushed between Russia and the US.

Leaving all this geo-politics at bay, it’s beyond doubt that world powers (and emerging powers) have wasted a lot of time in keeping the war hot. These powers could have easily solved many global conflicts to an extent, if not entirely....Continue

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State HC orders unusual step to record victim's version

"How can the courts be helpless in recording evidence of a deaf and dumb person when a number of sign language experts are available to help to communicate?" Justice Ranjit Singh wondered while holding that evidence of prosecutrix (victim) recorded in this manner would be permissible under law.

No wonder, Sundari was enabled to depose due to judicial intervention which made this mode of deposition permissible under law, a development that can impact such cases in future. Inquiries indicate that the victim gave a graphic description of the incident with the help of sign language experts but against her will. However, the sign language could not go farther to provide details of the accused. But encouraged by historic HC orders about legal validity of the use of sign language and the interpretation flowing from it, Sundari was not far from recognising the accused. The trial court did not appreciate the sensitivity of the issue but the HC lent a voice to the victim to rescue her in time....Continue

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Reversed: Diversity in unity!

IIPM Publication
‘Pride’ goes regional. First it was Gujarati Pride, then Maharashtrian Pride and now finally, Bihari Pride. ‘Pride’, the synonym of ‘identity politics’ rains votes, a realisation to which Bihari politicians had recently woken up. Not long ago, it was a cardinal sin to discuss ‘unity’ with Bihari politicians. But the landscape has changed after Bihari students trying to take a railways test in Mumbai were battered by Raj Thakreys goons. Now they all stand together. What a sight: Rashtriya Janata Party supreme Lalu Prasad, Janata Dal (U) top gun Nitish Kumar and Lok Janshakti Party leader Ram Vilas Paswan addressing the same press conference and speaking the same language!

But the dream did not last. The bubble burst when Chief Minister decide to go one up and sent word to all his five Members of Parliament to resign on the issue of Biharis’ being harassed in Maharashtra. And they did. Their resignations were accepted by Lok Sabha speaker Somnath Chatterjee on November 11. An enraged Lalu Prasad has challenged that if JD (U ) is at all serious about Bihari pride, they should ask even their MLAs and Council members to resign!...Continue

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L. K. Advani’s dumbing down

BJP’s strongman opts for a face-lift to achieve his ultimate political dream of being India’s PM
The BJP’s parliamentary board, which ratified L.K.Advani’s candidature as the Prime Minister in waiting, is in the throes of another ticklish query: while the party, allies and cadres accept Advani as their supreme leader, will the country, and more specifically Muslims, do the same when the time comes? Therefore, members of the parliamentary board have asked the state BJP chiefs to carry out an internal survey in various states for the consumption of their cadres and other party leaders. The question they have to address: what can be done to reform Advani’s hardline image and steps that need to be taken to improve and liberalise his image.

This operation is to be headed by BJP vice president, Mokhtar Abbas Naqvi. His brief: to find out why Advani, who has a hardline Hindutva image, has been unable to make an impact on the common mass of public in the same way as Sonia Gandhi or Atal Behari Vajpayee. The question rankling the BJP top brass is despite conducting five rath yatras between 1990 and 1997, Advani is not quite considered a man of the masses. At several meetings of the parliamentary board, office bearers have told state chiefs that Advani’s name and public programme, if any in the state, should be given wide publicity. His pronouncements and statements needed to be played up and his entire programmes need to be highlighted well.

But like most leaders who have aspired to lead India, Advani is very keen to undergo an image change, from being a leading Hindutva factionalist to a moderate leader with middle-of-the road views and wide acceptability. The man chosen to conduct this face change is Naqvi, a Shia, who BJP leaders say has acceptability amongst Muslims. According to one strategy being planned, the virulent anti-terrorist rhetoric, at least at Advani’s meetings is going to be tempered down. The meetings, to be uniformly christened as anti-terrorist rallies, will be held throughout the country.

ptullah was first considered for the assignment, but since Naqvi is an old favourite of the Sangh, he got the nod over her. According to the BJP assessment, the fight in the next Lok Sabha is going to be a tough one and in a tight contest, it is important not to acquire the hostility of the Muslims. Even if a small but significant portion of that vote bank moves towards the BJP, the NDA would become a strong contender for the title fight. For the record, the BJP denies anything anything out of the way. “Advani does not need any props. He can win an election on his own,” Naqvi told B&E.

Senior leader and Rajya Sabha member, Arun Jaitley, told B&E: “Advani is our leader and we are going to go to elections under his leadership.” In fact, according to Naqvi, if all goes according to plan, then Advani would have toured all of the 500+ parliamentary constituencies by the end of 2008.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Retail revolution

After losing out market share to competitors, India’s PSU bank is slowly becoming a one-stop financial shop. By asif ahmed

One down, six more to go! That’s what O.P. Bhatt, the Chairman of State Bank of India, must have thought as he prepared himself for Herculean task in front of him. On that particular day, he was supposed to interact with the boards of SBI’s six associate banks to consider the biggest merger in the history of Indian banking industry. Of the bank’s seven associates, the merger of the State bank of Saurashtra with the parent bank had already been approved; the remaining would happen soon, thought Bhatt.

But that fateful day never came. Intense opposition from the Left parties that supported the UPA Government at the Centre, and bank trade unions forced Bhatt to never attend the crucial meeting. In fact, the meeting wasn’t held at all, and the proposed merger was indefinitely postponed. However, this is one credit that Bhatt would like more than anything else. This is despite the fact that the SBI chairman has changed the way India’s largest bank interacts with its customers.

How the times have changed for SBI in the past few years. As competition intensified, SBI was hit by falling market share, had to raise funds for expansion, and look for new avenues for growth. For instance, in 2004, the State Bank Group (SBG) accounted for 27.8% of the total banking assets, which fell to 23.3% in 2007. In terms of deposits, while SBG controlled 27.6% of deposits in 2004, the figure shrunk to 23.5% in 2007. But still, Bhatt is thinking in terms of a banking mega merger.

The reason: Bhatt knows that size matters. If SBI can become a banking and financial powerhouse, it will be in a better position to combat private and foreign players. It’s only when it becomes bigger and better will SBI be able to arrest its falling market shares in various categories. Apart from the proposed merger, Bhatt has sought organic growth for SBI in India, and other neighbouring countries. The strategy was unlike that of his predecessor, A.K. Purwar, who believed in acquisitions-related growth.

Under Purwar’s chairmanship, SBI acquired three small banks - Indonesia’s PT Bank IndoMonex, Mauritius-based Indian Ocean International Bank and Kenya’s Giro Commercial Bank. As a part of the overseas-driven strategy, SBI focused on developing foreign market that had substantial Indian population. During his tenure, SBI also made it to the coveted list of Fortune Global 500 list; he made the bank a member of the $1 billion revenues club, and was the first Indian bank to join it.

Bhatt comes from a different school, and thinks differently. According to him, the domestic market still offers immense opportunities to expand, and there are far more critical issues to be dealt with. “Overseas acquisitions can wait,” he said the day he took over as the chairman of SBI. However, Purwar’s legacy still lingers around. For example, during Bhatt’s time, SBI became the first Indian bank to open a fully-fledged branch in China. “Being India’s largest bank, it is only befitting that SBI should be the first to open a branch in mainland China,’’ said Bhatt. But this isn’t a focus area.

Keeping in line with the local mindset, Bhatt expanded the bank’s network in India. He tied up with other banks and institutions to cross-sell banking and financial products. S. K. Mishra, General Manager (Marketing and Cross-Selling Department), State Bank of India, explains, “In the Indian financial markets, mutual funds are rapidly gaining ground among retail investors due to various advantages such as professional management, diversification, and liquidity. For us, the tie-up will open up opportunities to provide our vast client base with a wider choice of products to meet their diverse financial needs and give boost to our fee-based incomes.”

Over the next three years, SBI plans to offer more financial services products like general insurance, custodian services, venture funds, wealth management, and pension-fund management. Given its size, number of branches, and growing customers’ base, it will not be difficult for the bank to woo customers for the new products. At the same time, SBI is the only Indian bank to have got the approval to manage the government’s pension fund. That, in itself, will be a big boon to future revenues and profits.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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American in-laws…

…will they accept the Indian affair of Hollywood?

The Oscar winning flick Elizabeth earmarked the debut of Indian cinema on the American silver screen. Ever since, the on and off flings between Bollywood and Hollywood have always been there. But it seems those flirtatious affairs between the two are now taking shape of a serious romance. Be it Anil Ambani’s aggressive Big Motion Pictures (a part of Reliance Big Entertainment) or Ronnie Screwvala’s consistent UTV, the chase for the Hollywood cheese is really heating up among the Indian corporate production houses. But what is it that has kicked off this romance?

What will be the compatibility quotient between the two? More importantly, will the American in-laws be able accept this ‘Indian affair’ of Hollywood? The vital statistics of Hollywood are one of the biggest bait enticing the biggies of Bollywood to invest in the industry. Sample this: The American Media and Entertainment (M&E) industry is worth a mind boggling $612 billion (in contrast to a paltry $13.6 billion Indian M&E industry) accounting for 40% of the M&E industry in the world. The movie business alone in America is worth $35 billion (compared to $2.4 billion of the Indian film industry) and contributes the lion’s share of 42% to the world film business worth $84 billion. Talking about the Indian production house’s Hollywood stint, Naresh Gupta, Head, Planning, Publicis India says, “This was bound to happen… Hollywood is the biggest film market in the world. How can one not target such a lucrative market?”

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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From creating adequate infrastructure to cashing-in on lucrative business opportunities, this state is writing newer benchmarks.

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From creating adequate infrastructure to cashing-in on lucrative business opportunities, this state is writing newer benchmarks. Call it the ‘Andhra’ benchmark! angshuman paul explains why...

In fact, cajoling investors by pro-actively supporting them has been the growth mantra for Andhra. Walk into Andhra Bhavan in the national capital if you need a psychological proof of the same where giant hoardings greet you, claiming what the Government has done to develop infrastructure and how it’s keen to help investors. Even Balvinder Singh Kalsi, President & CEO, DuPont India, who is investing Rs.1.5 billion by November 2008 to set-up a sprawling knowledge centre in Hyderabad confirms, “The Andhra govt. has been very co-operative and compared to other states, it has been politically peaceful. In fact, Andhra is one of those states where investors find no political disturbances.”

Infrastructure development, cashing in on lucrative businesses supported by enticing investors, Andhra is proving wrong every critic that doubts its status as the Best Marketed State in India. Christened as Vision 2020, Andhra has also planned out its investment inflow targets till 2020 – a super-collosal $750 billion! However, this state has an Achilles heel – tourism! Beyond Hyderabad and pearls, it has missed out on highlighting its costal tourism spots. The result is that while on one hand, it can boast of the highest count of domestic tourists (with the figure at a respectable headcount of 12.79 crore in 2007), its foreign tourist count is pathetic; proving why the state misses out on the thick revenue stream. And though it’s making efforts today as Ram Narayan, Tourism Minister, Andhra Pradesh claims, “Our efforts are to make Andhra Pradesh a leading state with regard to inbound foreign tourists as well.” Andhra has one last opportunity left untapped, for which it has also tied-up with Iran’s Cultural Heritage, Tourism and Handicrafts Organisation (CHTHO).

Really, critics talk about the sudden spurt in capitalistic interests of Andhra and its pitfalls, but one thing’s for sure – it takes a lot to walk away with the glorious crown! Andhra is crowned the 4Ps B&M Miss India State 2008; what a moment of pride for all Andhrites!!!

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Success is 1% inspiration and 99% perspiration... Believe it?

RNSSL displays the many weapons in its arsenal to 4Ps B&M

Money grows on the tree of persistence! And Rane NSK Steering Systems Limited’s (RNSSL) persistence (in supplying steering systems) over the years has proven this Japanese adage to be true. Rising input costs and lower profitability have hit the automotive industry where it hurts the most. But as an exception, RNSSL with their breath taking technology is surging ahead steadily with sheer determination of making its mark and ‘steering’ the industry.

In 1997, RNSSL kicked off as a 50:50 JV between Rane group (India) and NSK Ltd (Japan) with an equity capital of Rs.179 million. Today, it boasts of manufacturing plants in Chennai and Bawal (Haryana). The company has pumped in Rs.377 million in the recently opened Bawal plant which has an annual production capacity of two lakh electric power steering systems. “We have decided to invest in this plant keeping in mind with our overall strategic growth plans. RNSSL will grow in its chosen segments through expansion, upgraded technology and synergetic diversification,” says L. Ganesh, Chairman, Rane Group.

The company has done well on the balance sheet too. Over the last 3-5 years they have recorded a CAGR of 20% in terms of revenues and have won numerous awards including Gold award from Frost & Sullivan and Zero PPM award from Toyota in 2007.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Indian pharma companies

So does it mean that Indian pharma companies have lost their appetite? Or is it capital constraints giving them hiccups? “No”, says Anindya Acharya, Deputy Director, Drugs and Pharmaceuticals, CII. “It’s a well planned strategic move by the Indian pharma companies targeted towards improving their portfolios by entering certain niche segments rather than gobbling-up the entire portfolio of the prey.” Certainly, domestic pharma market is going through a transformation phase, led by strong underlying growth drivers and has witnessed robust growth over the last couple of years. According to a KPMG-CII Pharma Summit 2007 Report, the industry has grown at a CAGR of 13% from 2002-2007 and is further expected to grow at over 16% over 2007-2011. So there’s no dearth of future growth in the sector.

Indian players are also focusing on capturing emerging opportunities in certain niche specialties which offer higher and more sustainable margins to compete with their international counterparts. Moreover, the strategy also compensates for the intense pricing pressure that the generics segment is witnessing these days. But then, “what really holds promise?” seems to be the billion-dollar question.

“While areas like diabetics, cardiovascular hold great promise, some of the traditional sectors like respiratory, anti-infective et al are segments where the Indian companies have an edge over their counterparts as these segments are not well researched globally and have higher success ratio compared to other therapeutic segments,” avers Sarabjit Kour Nangra, VP Research, Angel Broking. Even a recent Deutsche Bank report says, “Currently the most important segment on the domestic market is anti-infective; they account for 25% of total turnover. Next in line, and accounting for one-tenth each, are cardio-vascular preparations, cold remedies and pain-killers”. Thus by gaining dominance in any of theses therapeutic areas, the Indian companies want to make up with what they seem to have lost as result of increasing generics competition.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Many a hurdle on its path to glory

But this emerging force faces many a hurdle on its path to glory. One of them are the bigger fish like Reliance, Dabur, Future Group et al which are charting out massive plans to grab ailing customers with their pharma retail stores. Then there is also the bitter truth about those ‘huge’ planned investments by ‘bigger’ players. So will it be a threat for MedPlus? Madhukar denies it as, “Others are focussing on both pharma and personal care, while we are/will be purely into medicine. Also, we have a massive expansion plan for every metro in South India. So by the time they come in, we will already have captured enough shelf-space!”

Fast and furious, MedPlus is venturing into other domains of medicine and healthcare as well. Not compromising with its image of being low-cost and at convenient locations, it is creating family clinics which comprises a network of 50 physicians. And there’s more geographical expansion on the cards with the company planning to add 1500 stores to its current count by the end of March 2008.

Adds Madhukar, “Many of these stores will be in northern India. We are trying out the franchisee route also, because now MedPlus has been able to create a brand of its own.” Sure, with north India too under its control, the bigwigs will need to watch out for this doctor; lest he prescribes the ‘exit’ pill for them!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Indian consumers are reshaping

With the 9%-plus GDP growth rate resulting in higher per capita and higher disposable incomes, the aspirations and mindsets of Indian consumers are reshaping. No longer is he interested in doing what others do. Engineering and medical profession that were once looked upon with highest reverence are considered traditional and boring. Fashion designing, microbiology and other non-conventional professions are popular because everyone wants to be perceived differently – ‘unique societal positioning’! Similar changes are reflected in consumption patterns. “People no longer want to own a Nokia 6600. It’s too common. They love their latest wine red W910i (Sony Ericsson), which is peppy and suits their personality,” says a senior marketing guy, with a leading telecom player.

Launching products for the 300 million-odd great Indian middle-class was once the dream of every marketer. But that class has now fragmented into individualistic consumers flaunting their respective differences. Tune into the rest of this story to gain more insight into this new trend that mass marketers can surely afford to ignore, but only at their own peril!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Multiplier effect From 0 to 20,000 in 11 months

Aggression pays in the long run, and Reliance Money is ‘cashing in‘ on CEO Sudip Bandyopadhyay’s aggressive stance to expand ADAG’s financial services foray. By neha saraiya

“Let’s get it done,” gushes the dynamic Director and CEO of Reliance Money, Sudip Bandyopadhyay, when asked to comment on his leadership mantra. The line is reminiscent of Bandyopadhyay’s brazen aggressiveness to accomplish what many of his peers can only dream about. He has successfully led Anil Dhirubhai Ambani’s foray in the financial services domain, to emerge as one of the leading brokerage firms in the country today. Within just eleven months of its launch, Reliance Money (an offshoot of Reliance Capital, which crossed a total customer base of 14 million this financial year, recording a three-fold jump in one year) has been rated as the largest broker house with a distribution reach of 20,000 plus across 10,000 touch points, with a pan India presence in nearly 4000 towns/cities. The company has also bagged the recognition for being the top brokerage house in the Starcom Worldwide India Investor Survey for the year 2007.

“At Reliance Money, our approach is completely different. We don’t charge any brokerage as our security is unique. We have a security token, a trading clause and a mobile portal,” avers Bandyopadhyay, detailing qualities that makes Reliance Money distinct form others of its ilk. And Bandyopadhyay should know. He has been at the forefront of this initiative right from the very beginning. A commerce graduate and a chartered accountant and cost accountant by qualification, Bandyopadhyay has worked with HUL and ITC (as head of treasury & investments) before joining at the helm of Reliance Money. Ever since, he has been consistently working to bring out innovative investment models for large and small investors, eager to make a buck.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus