Keynote session on Billions of Entrepreneurs - how China and India are re-shaping their future and...
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Copyright Tarun Khanna 2008
NASSCOM
Mumbai
Tarun KhannaHBS
February 15, 2008
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Copyright Tarun Khanna 2008
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Machimaar Village, Mumbai
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Machimaar Village, Mumbai“The fishermen were here first ... when Bombay was a dumbbell-shaped island tapering, at the center, to a narrow shining strand beyond which could be seen the finest and largest natural harbor in Asia.”
Midnights’s Children. Salman Rushdie
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Copyright Tarun Khanna 2008
Property Rights
China
Err in direction of public interest
India
Err in direction of private rights
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Caijing
Tehelka
Information
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Information
China
Noise-free but biased
India
Noisy but unbiased
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Copyright Tarun Khanna 2008
China and India
Infrastructure Scorecard
China India
Roads Power Phones
Legal System Intellectual Property Risk Capital CEO Market
Tailored to MNCs Indigenous
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China and India
China Leads India Leads
Consumer Autos Pharma SoftwareElectronics Mass Specialty Biotech Films, Banking
Advertising
Source: Adapted from “China & India: The Race to Growth” Roundtable discussion: Sinha, Khanna, Woetzel, Farrell.McKinsey Quarterly September 2004
HaierHuaweiWahaha
InfosysWiproBiocon
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Copyright Tarun Khanna 2008
ShanghaiStock Exchange
NationalStock Exchange
Equity Markets
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“DEERE JOHN, I HAVEFOUND SOMEONE NEW.”The Mahindra Company ©2006 Mahindra USA, Inc._____________________________________An independent survey says it all. 82% of folks who’ve owned botha Mahindra tractor and a Deere said they’d buy another Mahindra.We don’t blame the competition for being green with envy.Stop by sometime at mahindrausa.com. Cultivate your dreams®_____________________________________
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From Nashik to Nanchang
“We’ve ensured that the handful of Indian expatriates all report to Chinese bosses; they are none the worse for it.”
Institutional ownership. Global capital.
Indian engineers. Nashik
Chinese senior management & ops. Nanchang
Tractors to California
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China + IndiaThe Power of 2!
SuspensionSuspension
MexicoMexicoMonterreyMonterrey
SystemSystem
ChinaChinaBeijingBeijing
117 Parts117 Parts
AsiaKorea, Taiwan4 Parts
W. EU
4 Parts
22 Parts
USA, Canada
18 Parts
360 Parts360 Parts
47 Parts
GeneratorGenerator
IndiaIndiaBangaloreBangalore
122 Parts122 Parts
N. AfricaMorocco23 Parts
E. EUPoland
1 Part1 1
PaPartrt
Photo
Proteu
s
MO-03
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Huawei, HaierWhere to Innovate?
IFC Investment Profile
Domestic54%
North-South36%
South-South10%
Domestic
North-South
South-South
South–South FDI (percent)
0
5
10
15
20
25
30
35
40
45
1995 1999 2000 2001 2002 2003
South–South FDI(percent)
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