- 1.FASTEST GROWINGFREE MARKET DEMOCRACY IN A GLOBAL
ECONOMYINDIA
2. Presentation
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- INTERNATIONAL SUCCESS STORIES
CONTENTS 4.
5. 1947 : Year of Indian Independence Todays India is one of the
fastest growingDemocratic Market Economy, well on its way to be
integrated with the world economy The famousGoldman Sachs report (
Dreaming with BRICs: The Path to 2050 ) states that, among Brazil,
Russia, India and China, India will grow the fastest over the next
30 to 50 years by leveraging its demographic advantages and through
continued developmentIndias GDP will exceed Italys in 2016, Frances
in 2019, Germanys in 2023 and Japans in 2032 INDIA TO BECOME THE 3
RDLARGEST ECONOMY IN THE WORLD BY 2032AND THESTORYBEGANIN1947
6.
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- Planned Industrial Development
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- Industry Licensing and Quotas
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- Dominance of Public Sector
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- Restriction on Private Investment
India Pre - Liberalization 7.
De-licensing De-control De-regulation Broad banding Abolition of
registration
Liberalization of foreign investment Liberalization of
Technology Import The New Industrial Policy for liberalization-1991
8.
Abolition of threshold assets limit No MRTP clearance needed
forexpansions, mergers
Several industries hitherto reservedfor public sector opened up
to privatesector Only eight core industries remainreserved for the
public sector Purview of Board for Industrial andFinancial
Reconstruction( BIFR) extended to Public sector The New Industrial
Policy for liberalization - 1991 9.
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- Governments role changed to Regulator from Licensor
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- All Licenses Rationalized
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- Active participation of private sector
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- FDI being Welcomed (100%) - Automatic Route
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- Barriers Dismantled & Procedures Simplified
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- Indian Industries Actively Investing Abroad
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- Bureaucracy - Less Government is Good Governance
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- Allowing Market Forces to Govern the Efficient Allocation of
Resources with Minimum State Intervention
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- Reducing and rationalising foreign trade barriers
India Liberalization Stage - Strategies Developed 10.
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- India - One of the fastest growing economies in the world
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- Average GDP growth (199 5-200 5 ) :6.2% per annum
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- Average annual growth (1995 - 2005)
- Agriculture & Allied : + 2.1 % per annum
- Industry : + 6.6 % per annum
- Services : + 7.8 % per annum
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- Average Per Capita Income growth (1995 - 2005):3.8 % per
annum
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- Inflation down to a single digit level continuously for the
lasttenyears
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- Foreign exchange reserves increased from US $ 2 b (March
1991)
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- to US $145b ( September 2005 )
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- Merchandise Exports : +20 % average rate of growth in last
three years
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- Booming Services Exports from US $ 4.6 b in 1990-91 to US $
51.3 b in
Economic Scenario : Post Liberalisation 11.
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- B alance ofP aymentssurplus(US $ 26 b in 2004 - 05)
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- External Debt Service Ratio down from 26.2 % in 1995 to 6.2 %
in 2005
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- Foreign Direct Investment (FDI) : Average +US $ 5 b pa in the
last
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- Foreign Portfolio Investment : US $ 11.4 b in 2003-04 and
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- Reforms continuing and have unleashed dynamic forces
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- puttingthe economy on a trajectory of unparalleled
economic
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- The Indian Government is working in close co-operation
with
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- industry and trade to mitigate the remaining problems and
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- Broad c onsensus across the political spectrum on the need
for
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- anddirection of the reforms . Some issues still need to be
resolved
Economic Scenario : Post Liberalization 12. Share Of Services
Sector In GDP On The Rise (%) 13.
- the worlds most irrigated land mass
- worlds 2nd largest exporter of rice & 5th largest exporter
of wheat
- Food production: Indias Ranking in the World
Agriculture 14.
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- Diversified base of world class capabilities
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- State-of-the-art technologies
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- TQM,TPM, Six Sigma & Lean Manufacturing - part of
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- Diversified industrial base with supporting ancillary
industries
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- Overseas acquisitions worth US$ 500 m
Manufacturing 15.
Source :Economic survey, 2004 - 05 Services 16. Average GDP
growth - India & the World Rising share of Indias external
trade in GDP 17.
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- Land Area: 3.29 m sq. km.
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- Gross Domestic Savings: 32.1 % (2008 - 09)
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- Gross Domestic Investment:29.4% (2008 - 09)
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- PerC apita Income: US $ 1016
Macro Economic Indicators (2008 - 09) 18.
19.
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- Number of foreign firms acquired132
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- by Indian companies during
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- India - 6th largest investor in the UK
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- No of Indian companies with1,476
Indian MNCs - On a global buying spree 20.
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- Hero Honda - Largest producer of motorbikes in the world
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- Moser Baer - Worlds 3rd largest producer of optical media
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- Hero Cycles - Worlds largest bicycle producer
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- Bharat Forge - Amongst the worlds top 3 forgings
manufacturers
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- UB Group - Worlds 2nd largest producer of alcoholic
beverages
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- Paharpur Cooling Towers -Worlds 2 ndlargest manufacturer
of
India Leading The World 21. India Leading The World
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- Apollo Hospitals - Single largest hospital chain in South
Asia
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- TISCO - worlds cheapest producer of steel
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- Reliance Industries - Worlds largest producer of PTA, a
chemical
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- used in textile production
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- Mahindra & Mahindra - Amongst top 3 tractor manufacturers
in the
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- Telco - Amongst top 3 truck manufacturers in the world
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- Welspun - Worlds largest producer of terry-towels
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- Gujarat Ambuja - Amongst top 5 cement producers in the
world
22. Some Indian Examples Benchmarked with the Best In The World
23. Success Story of RELIANCE The Reliance Group founded in 1932,
is India's largest business house with total revenues of over US $
56.7 b and exports of US $ 20.3 b It began as a an SMEThe Group's
activities span exploration and production of oil and gas, refining
and marketing, petrochemicals, textiles, financial services,
insurance, power, telecom and infocom initiativesThe Group exports
its products to more than 100 countries the world overReliance
Group revenue is equivalent to about 3.5 % of India's GDPThe Group
contributes nearly 10 % of the country's indirect tax revenues and
over 6% of India's exports Today, the Reliance Group has one of the
largest family of shareholders in the world 24. Success Story of
WIPRO Wipro was set up in the backdrop of the small town of Amalner
in Maharashtra in 1945An SME and primarily an oil factory, the
chief products were Sunflower Vanaspati and 787 laundry soap It was
in the early eighties that Wipro made its foray into the Infotech
arena With this began the Wipro Infotech storyToday, Wipro stands
at the firmament, as a trusted and experienced provider of a
comprehensive range of IT services, solutions and products,
worldwide 25. Success Story of BHARTI Bharti Enterprises has
successfully focused its strategy on telecom while straddling
diverse fields of businessIt all began as a Small Industry Bharti
Tele-Ventures is today acknowledged as one of India's finest
companies, and its flagship brand 'Airtel', has over 12
millioncustomers across India Recently, Bharti has successfully
launched an international venture with EL Rothschild Group owned
ELRO Holdings India Ltd., to export fresh Agri- products
exclusively to markets in Europe and USA 26. Success Story of
DR.REDDYS Dr.Reddys Laboratories was founded in 1984, with a
capital of US$40,000 in cash and US $120,000 in bank loanIn fact,
it is this spirit of entrepreneurship that has shaped the company
to become what it is today Today, the company with revenues of US
$446 m, in fiscal year 2005, is Indias second largest
pharmaceutical company and the youngest among its peer group Dr.
Reddys started its drug discovery programme in 1993 and within
three years it achieved its first breakthrough by out licensing an
anti-diabetes molecule to Novo Nordisk in March 1997With this very
small but significant step, the Indian industry went through a
paradigm shift in its image from being known as just copycats to
innovators!Through its success, Dr. Reddys pioneered drug discovery
in India Today, the company manufactures and markets API (Bulk
Actives), Finished Dosages and Biologics in over 100 countries
worldwide, in addition to having a very promising Drug Discovery
Pipeline 27.
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- INTERNATIONAL SUCCESS STORIES
28. MNCs leveraging the India Advantage 29. * FDI INFLOWS TO
INDIA 30.
- More than100 global companiesoutsource R&D facilities from
India
- GE John F Welch Technology Centre Companys largest research
outfit outside the USA
- Monsanto First non-US research facility
- Eli Lilly largest research facility in Asia and 3 rdlargest in
the world
- Texas Instruments Digital Signal Processor developed in India
controls 50% of the world market
- AVL, Austria India as base to do R&D for the companys Japan
centre
International Brands Utilizing The Indian Knowledge Base 31.
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- Existence of rival company (Nivea) in the market (personal
hygiene market)
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- Relative name recognition
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- Suppliers who are willing to cooperate
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- Immense support in form of technology and know-how transfer
from side of Germans
- What is important for business-collaboration with India?
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- Local manager who knows mother company
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- Collection of experience through business connections
Case Study of SelectedCompanies in India 32.
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- Great resources of highly qualified scientists as staff
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- Availability of human capital with low labor costs
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- English language and understanding of European culture(due to
British history, existence of numerous institutions,
administrations, school etc)
Case Study of SelectedCompanies in India 33. Quite simply, I was
blown away by what I saw on my first trip to India Stephen Roach ,
Managing Director & Global Chief Economist, Morgan Stanley 2008
India's highly educated workforce, management talent, rule of law,
transparency, cultural affinity and regulator environment are more
favorable than China's. A T Kearney,FDI Index 2008 " We want to
bring to the world various facets of this extraordinary country,
its people and progress " C hris Cramer,International Managing
Director, CNN 2008 "India has the potential to deliver the fastest
growth over the next 50 years with an average rate of more than 5
per cent a year for the entire period D ominic Wilson,Senior Global
Economist and Vice President, Goldman Sachs 2005 India A Preferred
Destination 34.
35. Trained manpower and knowledge base Rich biodiversity
Excellent networkof research laboratories Well-developedbase
industries Pro activepolicy framework Proficiency inEnglish Low
manpowercosts The India Advantage 36. Demographics: A strong demand
driver 37. Source: IMD Competitiveness Yearbook 2003 Source: UN,
Morgan Stanley Growing Knowledge Pool 38. Costs for offshore work30
- 50 % lower than in USA / Europe The Cost Advantage 39. Low Wages
40.
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- 10th largest economy in the world - 4th in terms of PPP
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- Will overtake Japan in PPP terms by 2010, to be 3 rdlargest in
the world
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- Large entrepreneurial base and diversified manufacturing
structure
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- Large reservoir of skilled labour at internationally
competitive cost
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- Vast pool of scientifically and technically qualified manpower
of 20m
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- A large domestic market - 300 m + strong middle class
population
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- having substantial purchasing power
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- Largest democratic set - up
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- A broad based and transparent legal framework including
arbitration
India -EconomicEnablers 41.
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- Vast network of bank branches, financial institutions and
well-organized
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- capital and money markets
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- A network of technical and management institutes of
highest
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- international standards for development of human resources
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- India has a record of meeting its international financial
obligations as
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- per schedule and has never been a defaulter
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- No communication barrier, as English is the most prevalent
business
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- Strong and vibrant small scale sector that is keen to
establish
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- strategic alliances with their foreign counterparts
India -EconomicEnablers 42.
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- Supportive infrastructure base
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- Strategic location for third country markets, particularly in
the rapidly
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- growing south and south-east Asian countries
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- The strategic location of India and its easy and efficient
access to theM iddleE ast,E ast European countries, CIS countries,
Africa,S outhE ast Asia and Asia-Pacific countries places it in a
unique position as a sourcing ground for entering into strategic
alliances in export-oriented industries
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- Foreign companies can take advantage of Indias strategic
location and tap the markets of these countries.
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- India is slowly but surely emerging as an attractive
destination for foreign investment
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- Liberali z ed industrial and foreign investment policies
India -EconomicEnablers 43.
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- Recognising the need and the potential in certain areas, the
Government has also come out with specialised packages of
incentives for setting up projects in the fields of power, roads
and highways, telecommunications, mining, drugs and
pharmaceuticals,hydrocarbons, shipping and ports, tourism,
electronics, food processing, etc
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- The Government is vigorously promoting and approving foreign
direct investment keeping in view the objective of attracting at
least US $10b per annum
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- The Government is very keen to attract sizeable foreign
investment into infrastructural projects like roads, power, ports,
telecommunications, etc. as the demand for infrastructural services
is expected to rise several times to match the projected economic
growth of around 8 % per annum in the next ten years
India -EconomicEnablers 44.
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- Real estate & construction sectorup to100 %
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- Integrated township developmentup to100 %
India -EconomicEnablers 45.
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- Second largest road network in the world
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- Cargo handled298 m tonnes
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- Electricity installed capacity 126,000 MW
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- Sixth in world electricity generation
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- Telephone Connections 77 m lines
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- Fixed lines (Dec, 2008) 44.76 m
Source: Department of Economics & Statistics,Tata Services
Ltd The India Advantage: Infrastructure 46. Indian Brains
Abroad
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- Though foreign multinational have dominated the research agenda
in India
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- to date, a growing number of Indians who have worked abroad
are
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- returning home with cash, contacts and confidence to set up
companies
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- These are people who have the experience and exposure to
bestpractices
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- For the first time, Indians who have been exposed to the world,
realize they
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- can do something just as good and they can be world-class
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- They have an attitude to meet challenges and succeed and also
give back
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- something to their country
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- 36 % of NASA Scientists in USA
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- 35 % of Silicon Valley Start-Ups are by Indians
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- India emerging as outsourcing hub
47.
48. Opportunity in various Industry Sectors
49.
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- The Software industry in India is witnessing an explosive
growth and expects
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- to generate US $ 87 b including US $ 50 b from exports by
2008
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- More than 150 global business giants have set up research and
development
- Some of these firms are GE, Microsoft, TI, HP, IBM, Daimler
Chrysler and
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- Bangalore has over 150,000 software engineers and a
concentration of
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- Delhi and NCR is the 3 rdlargest exporter of Software services
from India
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- More than 100,000 software professionals enter the Indian
market each year
Opportunities in Software 50. Opportunities in Software The
China Connection
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- China has a worker base equal to India's in terms of cost,
quality
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- In future, the Indian software Industry will use China as a
base to
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- cater to the local markets including Japan
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- Indian firms such as HCL, TCS, Infosys and Wipro have
already
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- opened centers in China to outsourcetechnology talent
51. Opportunities in Telecommunication
- Until 2003, during the more than forty years of government
monopoly, there
- were 11.4 m telephone connections
- There are 46.2 m fixed line subscribers and 52.2 m mobile
phones
- The mobile phone market is growing at 3.7m per month
- Estimated rise in Cellular by 100 m subscribers by2010
- Basic telephone connections 175 m by 2010
- 100 % FDI in telecom equipment manufacturing
- Almost 2 m wireless subscribers getting added every month
- Unlike many developed countries, the GSM and CDMA technologies
co - exist
- The outsourcing boom would not have occurred without the
private telecom
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- The Indian media and entertainment industry, with the
prominent
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- segments being films, television, and music has grown in recent
times
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- The entertainment industry is currently generatingrevenue of US
$ 7.2b
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- The average growth budget for films has been increasing by 15 %
p.a
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- Another high growth segment of the entertainment industry is
television
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- The present size of this segment is estimated to be US $
1b
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- The penetration of cable TV,in the rural segment is expected
to
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- The music industry in India is expected grow at 20 % pa
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- FM radio broadcasting has been privatized
Opportunities in Media & Entertainment 53. Opportunities in
Biotechnology
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- Biotechnology is a fast emerging sector in India
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- The consumption of biotech products in India was US $ 1.8
b
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- in 1999 and is expected to cross US $ 4.2 b by 2010
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- It is estimated that 10 % of the researchers and 15% of
the
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- scientists in pharmaceuticals and biotech R&D in USA are
of
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- India is churning out 2 m graduates, 300,000 post
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- graduates and 1,500 PhD's, every year
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- Biocon, the first biotech company was launched in 1978
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- Indian Firms such as Shantha Biotech, Bharat Biotech,
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- Dr. Reddy's Lab and Biocon are all very successful firms
54. 2002- 03 2010 25 % growth in investment 70 % growth in
employment 74 % growth in R&Dmanpower 10 % of global industry 1
m skilled jobs US $ 5 b annual revenues Source: Confederation of
Indian Industry (CII) Size 2003 - 04 US $ 705 m Biotech Market - A
consistent Uptrend 55. Volume wise 8 % of global market 4 thlargest
in the world CAGR (2004 - 2009) 21.6 % Exports27.3 % CAGR(2004 -
2009) Size (2008- 09) US$ 13 b Share of formulations 80 % Size 2010
(estimated) US$ 25 b Pharma Market 56. Opportunities in Real
Estate
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- The US $ 50 b Indian real estate market is booming and expected
to grow at
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- The boom owing to the consumption powered growth of the
country's
- economy has seen investors planning nearly 250 new shopping
malls
- by2008, as against just three that existed till 2002
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- The central government adopted a regulation in2005
allowing
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- foreigners to bid for Indian construction projects with local
partners
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- and also reducing their minimum land - holding limit from 100
acres to
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- Enthused by the liberalized investment guidelines, a slew of
foreign
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- builders are rushing to launch projects in Asia's third largest
economy
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- Expected annual shortfall of 20 m housing units by 2011
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- Mumbai alone would need more than 180,000 housing units
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- An opportunity for developing large- scale commercial and
residential
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- townships in six cities Kolkata, Bangalore, Mumbai, Chennai,
Hyderabad
57. Opportunities in Auto Components The Indian automotive
industry has grown at a staggering pace over the last few yearsThe
US$ 6.8 b industry has registered a CAGR of 17 % between 1998 -
2003 and is projected by ACMA to grow at a 15 % CAGR till fiscal
2012 The opening up of the sector over the last decade has caught
the attention of global auto majorsIn the 1990s, economic
liberalization allowed foreign automakers such as Hyundai, Ford,
Toyota and GM set up base in India They also persuaded their
overseas components suppliers to set up local manufacturing bases
in India For example, Delphi followed General Motors and opened
their plant in the state of Gujarat in 1995 and Visteon followed
Ford in 1998 58. Opportunities in Auto Components
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- Present Industry sizeUS $ 9.2b
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- Total Exports By 2010 US $ 7-8b
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- - Suitability as a low cost manufacturing base for MNCs
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- -Costs 20 - 30 % lower, compared to USA
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- - High product quality, superior design & engineering
*Source: ACMA 59.
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- The Indian Outsourcing industry is moving up the value
chain
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- It is BPO today but the future is for Knowledge Process
Outsourcing
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- (KPO), Financial Process Outsourcing (FPO)and Legal
Process
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- It is providing value through domain expertise rather than
process
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- India, in the new knowledge economy,is all set to emerge as a
global
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- It is estimated to capture 71 % of the world market by 2010
against
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- 56 % today giving it a market of US $12 b
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- There are new opportunities, given that there is a serious
shortage of
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- quality teachers, in the USA
Opportunities in Outsourcing 60.
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- The remote education market is expected to be US $ 15 b by
2008
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- The current leaders are Engineering design US $ 400 m,
basic
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- data search, integration and management US $300 m and Biotech
and
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- The Compounded estimated annual growth of KPO for India is 50
%
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- whereas BPO will grow at about 30 %
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- KPO is expected to engage 250,000 people by 2010
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- It will be in areas such as biotechnology,animation and
graphics,design
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- in aerospace & automotive, health care, pharma research,
learning
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- solutions, datamanagement, customer analyticsand
entertainment
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- FPO will include insurance underwriting, risk assessment,
equity
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- research and corporate market research
Opportunities in Outsourcing 61.
- The ongoing buoyancy in Indias spending, arising from the
changing demographics and the resultant rise in income levels, has
resulted in a distinct consumer preference for value-added products
across the retail spectrum, providing a platform for the rapid
growth of the retailing sector which could emerge as one of the
fastest growing sector in coming years
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- Organized retailing industry to rise from US $ 4b to US $ 15b
by 2010
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- The total retailing industry, estimated at US $ 200b is largely
in the unorganized sector with organized retailing accounting for
less than 2 % (US $ 4b)
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- The organized retailing segment to grow fourfold in 5
years
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- According to NCAER, the Indian middle class (household income
betweenUS $ 4,500 23,000) currently at92m,is expected to cross 153m
by 2010
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- Substantial mall construction:
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- The number of malls is expected to rise from the current 40 to
around 250 by 2010
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- Close to 50m sq. ft. of retail space is expected to be
developed over the next 5 years
Opportunities in Retail Sector 62.
63.
- Differentiating themselves through the products and services
they provide
- Standing out by creating special interfaces with their
customers and building
- unique ways by which they can be held accountable by them
- Building a very strong quality story
- Benchmarking innovations against well set, globally accepted
standards and
- aim for targets, creating an environment and culture of
innovation within the
- Developing systems to nurture innovation making full use of the
availability of
- information and by rightful dissemination of knowledge to
foster goal driven
- Building efficient processes to cut time - to- market
- Providing opportunities to their people to do roles that go
beyond their
- Providing continuing education
It IsAll About Attitude - Management 64.
- Need to tone up their skills
- Greater entrepreneurial drive to find new horizons of growth
with a competitive
- Foresight with a fierce unrelenting passion to execute and act
today to improve the
- Bring change more aggressively and lead the organization to
implement
- Energizing their team and inspiring them for excellent team
performance
- Delegating authority to allow people to perform
It IsAll About Attitude Business Person 65.
- Ability to reach out to a wide international network for ideas
and problem
- Understanding on how things get decided and done
- Using customized strategies to influence specific
stakeholders
- Executive maturity andemotional wisdom to respond to others
and
- embody the aspirations of ones organization
- Inner strength to do the right thing at the right time
- Courageous dedication to super ordinate goals, doing what is
right and
- what will make India great
- To keep learning and be abreast of new technology
It IsAll About Attitude Business Person 66. THANK YOU