Expand in India
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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...
Even with the economies slowing down, the Senior Management of any OEM aren’t still ready to accept revenue growths less than the budgeted figure at the beginning of the fiscal year. Unfortunately, the sales teams are at a total loss to understand how to achieve both – revenue targets and healthy Gross Margins (GM). The management pick on easy avenues (like Cost Cutting) and run programs that supposedly increase employee productivity while reducing their...
With the economic environment slowing down, Indian firms are taking a pause (however this may not be a welcome pause). The rapid growth over the last 2-3 years has made the firms embark on projects in quick succession stretching their balance sheets and resources. The last month Industrial production figures of -5% growth is a validation of what many people have been seeing happening around them, over last couple of months. The sentiment is...
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Indian sensing and control industry is seeing a transformation. As the living standards of the population are going up and more advanced manufacturing processes and products being demanded by the market, sensing and control has come to play a very important role- be it in the household consumer electronic products like washing machine, refrigerators, security systems, lighting controls and in the Industrial sector for precision operations or in the service sector for temperature/humidity control...
The Global Economy is facing strong headwinds – be it in Europe (PIGS turmoil), US (growth slowdown) or Emerging markets (slowing growth and high inflation for instance in India). This environment stalls companies’ expansion plans, and the overall sentiment takes a nosedive. As a result “Conserve Cash” takes the front stage and anything non-essential to run the business day to day, is locked and stocked in the cupboard. While this is a very natural...
As someone, truly remarked – We Indian’s are high emotional even in business. When the going looks good, we project it to be great and when it looks decent, we project gloom and doom. We magnify it either ways. In 2008-09, when the global economy was in a turmoil and India was growing @7% GDP it was considered an exceptional performance. In 2011-12, the global economy is in a turmoil and India is likely...
As you’ve heard by now, the macroeconomic story of the past decade has been the explosion of growth in the emerging markets of Asia and Latin America. Every year, millions of people in places like Brazil, China, and India give up subsistence agriculture and move to burgeoning cities to take decent paying jobs in factories or service centers. As an American business owner, you should recognize this longstanding trend as the opportunity of a...
