Most Read Business Stories
The Finance Minister has delivered on one of the most critical aspect in this Budget – fiscal consolidation. The budgeted fiscal deficit for FY2014 at 4.8% of GDP is in line with market expectations and the indications given by the FM a month back in the various country roadshows he undertook . In terms of the fiscal deficit for FY2013, the Finance Minister has exceeded expectations and reined it at 5.2% and it is...
The Planning Commission has tentatively pegged the Indian Railways 12th plan expenditure (2012-17) at Rs 5.19 lac Crore (nearly 100 bln US$). This is likely to be spent on key areas like enlarging the rail network to cover more geographies, double tracking , introducing newer trains- both passenger and freight , enhancing the convenience, safety and security of the passengers, modernization of the network etc. This year’s Railway budget announced the following measures for...
Indian society is seeing a silent revolution. Silent yet transformational!! More and more people in jobs are seeing Entrepreneurship as one of their career option (We have personally come across many such entrepreneurs or waiting to be entrepreneurs over the last one year itself). What seemed to be a big risk till some years back, is now emerging as a calculative risk. Not only the extreme strata of the societies (nothing to lose at...
Six Sigma is a set of tools and strategies for process improvement originally developed by Motorola in 1986, and most popularized by GE’s legendary CEO Jack Welch starting 1995 with focus on overall business strategies. It’s a well-known fact that 6σ has now been successfully applied and well-proven in the areas of manufacturing, operations excellence, business process improvement and process excellence. What is 6σ in simple terms? • It is a disciplined methodology that...
The total Personal Protection Equipment market in India is estimated at around 150 Mln US$. This is growing at a rate of 12% p.a. This market is still at a very nascent stage in the country with respect to its awareness, acceptability and size. As a result there are quite a large number of local unroganised players also participating in this market- the reason being there is a large chunk of the market still...
The Indian hand tool market is estimated at around 200Mln US$, growing at around 12% p.a. Some of the highlights of this sector are; The hand tool industry is labor and energy intensive India’s competitive advantage is because of low labor cost and availability of raw material There are an estimated 2500 manufacturers in India-out of which 95% are in small scale sector. The type of products being manufactured are – General Purpose (Spanners...
This blog looks at the growth opportunities that India offers to global companies interested in expanding their businesses beyond their traditional markets. It outlines the country’s economic resilient landscape, analyzes the existing challenges & opportunities and the growth potential, and makes recommendations to prospective companies planning to enter the market. The blog concludes that gaining a good understanding of the market, developing the appropriate go-to-market strategies, and taking a long-term view as essential prerequisites...
Equaling his organization to a plane and requesting a change of engines while maintaining altitudes – this guy is thinking out of the box! The first one I met in a long while and one of my first intense interactions with a full blown “Chairman and M.D.” of a growing firm from Udaipur. I was excited. Employed by an IT major then, I was sure of providing a cracking Consulting Solution to this organization...
The demand for Electrical equipment in India is expected to see a significant growth in line with the growth in power sector. During the twelfth 5 yr plan (2012-17) investments are expected to be $85 billion for power generation, 45 bln for transmission and 70 billion for distribution, as per one estimate. There would thus be many opportunities for global electrical companies to participate in this space. One such example is given below. Power...
2012 could well go down as the year of the lowest GDP growth in the last 10 years for India at probably around 5.5% (India has the financial year as 1st’ April to 31st March and thereby has 3 more months to go). Most economist & experts are predicting 2013 to be a better year following the Government actively pursuing reforms (lately) and trying to accelerate growth through fast tracking key projects/ sentiment boost....
Product : uPVC Windows (Building Materials) Challenge : A small Indian company was struggling with this business and was not clear on the path forward direction and actions. They hired us to frame a business plan and assist them in executing to turnaround the business. Action Plan : An initial assessment on Market ( size & trend), Channel (distribution & end customers), Competition ( price, product, presence), Suppliers ( materials, machines, labor), Government (...
The following content is based on the live successful experience(s) of firms from the Indian Market. While drawing out an action plan around the “Influence” (Industry bodies for Standards , Architect, Consultants, Designers, Integrators etc) in India the following are important: One got to get more upstream as possible to have a larger circle of influence Clear differentiators important Idea or solution oriented approach Needs to be synergism with sales...
