India still shining ?
Recent forward i received from a friend of mine from Pune. Thought i'd post it here for people to take a look at and find out more about the rate at which this nation is progressing else people would still perceive India to remain as a land of "snake charmers" ! I actually read some statements twice (with the intent to capture some data). You never know when you might require them in a counter conversation. Read on anyway...
Many of us associate India's new progress with its IT revolution and it ispartly true.Indian companies like Moser-Baer located in an equally unknown Noida are now the world's third largest optical media manufacturer and the lowest-cost producer ofCD-Recorders. Exports? Only Rs 1,000 crore - Indian rupees I might add. Thisfirm sells data-storage products to seven of the world's top 10 CD-R producers.There is another unknown. Tandon Electronics. Its hardware exports are Rs 4,000crore.There is more interesting data, all of it quite true and impartial.15 of the world's major automobile makers are obtaining components from Indiancompanies. This business fetched India $375 million in 2002 and in 2003 thenumber will be $1.5 billion. In half a decade, they will reach $15 billion.Hero Honda with 17 lakh motorcycles a year is now the largest motorcyclemanufacturer in the world.The prestigious UK automaker, Rover is marketing 1 lakh Indica cars made by Tatain Europe, under, wait a minute, its own name.Bharat Forge has the world's largest single-location forging facility. Itproduces 1.2 lakh tonnes per annum and its clients include Honda, Toyota andVolvo among others.Asian Paints now owns 22 production facilities over 5 continents and is themarket leader in 11 of these countries.Hindustan Inks has the world's largest single stream fully integrated ink plantof 1-lakh tones per annum capacity and 100% owned subsidiaries in USA andAustria.Essel Propack is the world's largest laminated tube manufacturer with presencein 11 countries and a global marketing share of 25% already.Ford has just presented its Gold World Excellence Award to India's Cooper Tyres.Other industries are winning equally prestigious awards all the time.While on cars, Aston Martin has contracted prototyping its latest luxury sportscar to an Indian-based designer and is set to produce the cheapest Aston Martinever.Suzuki, which makes Maruti in India, has decided to make India itsmanufacturing, export and research hub outside Japan.Hyundai India is set to become the global small car hub for the Korean giant andwill produce25,000 Santros to start with. By 2010 it is set to supply half a million cars toHyundai Korea, HMI and Ford.India is leaping ahead, posting astonishing results in the global markets fromBrazil to China.The Indian pharmaceutical industry is blazing ahead too. At $6.5 billion andgrowing at 8-10% annually, it is the 4th largest pharmaceutical industry in theworld. Its exports are over $2 billion.India is among the top five bulk drug makers and at home, the local industry hasedged out the MNCÂs whose share of 75% in the market is down to 35%. Trade ofmedicinal plants has crossed Rs 4,000 crore already.As for technology, India is among the three countries that have builtsupercomputers on their own. The other two are USA and Japan. Not a bad club tobe in, is it?India is among six countries that launch satellites and do so even for Germanyand Belgium. India's INSAT is among the world's largest domestic satellitecommunication systems.India is one of the world's largest diamond cutting and polishing centres. About9 out of 10 stones sold anywhere in the world, pass through India. With China,India's arch enemy, trade has grown by 104% in the past year and in the first 5months of 2003, India has amassed a surplus in trade close to half a milliondollars.In the recession-hit West, Indian exports are up by 19% this year and thecountry's foreignexchange reserves stand at an all-time high of $82 (Now over 100) billion. Indiais dishing out aid to 11 countries, pre-paying their debt and loaned IMF $300million!!And since we think banning fashion shows is the way ahead, it might beinteresting to know that Wal-Mart sources $1 billion worth of goods from India -half its apparel, GAP about $600 million and Hilfiger $100 million.These success stories are not propaganda and haven't happened overnight or bygood fortune. The Indians have the same bureaucracy and many of the politicianssimply play politics, the infrastructure creaks and poverty abounds, corruptionflourishes and there are huge pockets of inefficiency and walls that blockmeaningful progress. Sure, it has an army that is not bursting withpower-grabbing and subjugating its people every few years, but India's successcan no longer be denied and the gap between us and them grows wider .What makes them tick? The answers are not simple and require great space andanalysis by minds far superior to that of a weekly hack, but Cost and Brains aretwo factors. Add to that, a determination to rise above what faces you everyday,a vision of the stars as the man said.India provides IT services at one-tenth the price. No wonder more and morecompanies are basing their operations in India. An Indian MBA costs $5,000. AnAmerican MBA $120,000. Development of an automobile in the US costs $1 billion.In India, less than half. A cataract operation costs $1500 in the US. In India,$12. Bypass in the US anywhere up to Rs 6 lakhs. In India, it is Rs 40,000.Over 70 MNCÂs have set up R&D facilities in India in the past five years. 100 ofthe Fortune 500 are now present in India V/S 33 in China.Intel's Indian staff strength has gone up from 10 to 1,000 in four years. GEwith a $60 million invested in India employs 1,600 researchers, while it hasonly 100 in China. With better systems comes efficiency. The turnaround time inIndian ports is down to 4 days from 10 and its telecom infrastructure in 1999provided a bandwidth of 155 Mbps. Today, it is 75,000 times more and with fibreoptic networks in 300 cities, it will change the face of business. Mobile phonesare growing by about 1.5 million a month. Long distance rates are down bytwo-thirds in five years and by 80% for data transmission. The facts go on andon.In India there is a prevalence of foreign technology licensing which is rankedNo.1 in the world. The availability of scientist and engineers is ranked No. 2.The quality of management schools in India is ranked No. 9. The firm levelinnovation is ranked No. 12. The firm level technology absorption is ranked No.16. The company spending on R&D in India is ranked No. 32. (ALL THESE FACTS ARESUPPORTED BY Global Competitiveness Report, 2003)India rated as the most attractive destination for offshore business processingby global consultancy A T Kearney.So what are the answers? They lie in the way we look at things, our discourse,our vision, our ability to look ahead and our desire to genuinely put ourcountry on the right road. The people of India are naturally talented andbright.The question now arises is- ÂWhen will we unleash the great potential of ourpeople that lies dormant, crushed by the forces of evil that stop our progressfor their personal agendas?
Many of us associate India's new progress with its IT revolution and it ispartly true.Indian companies like Moser-Baer located in an equally unknown Noida are now the world's third largest optical media manufacturer and the lowest-cost producer ofCD-Recorders. Exports? Only Rs 1,000 crore - Indian rupees I might add. Thisfirm sells data-storage products to seven of the world's top 10 CD-R producers.There is another unknown. Tandon Electronics. Its hardware exports are Rs 4,000crore.There is more interesting data, all of it quite true and impartial.15 of the world's major automobile makers are obtaining components from Indiancompanies. This business fetched India $375 million in 2002 and in 2003 thenumber will be $1.5 billion. In half a decade, they will reach $15 billion.Hero Honda with 17 lakh motorcycles a year is now the largest motorcyclemanufacturer in the world.The prestigious UK automaker, Rover is marketing 1 lakh Indica cars made by Tatain Europe, under, wait a minute, its own name.Bharat Forge has the world's largest single-location forging facility. Itproduces 1.2 lakh tonnes per annum and its clients include Honda, Toyota andVolvo among others.Asian Paints now owns 22 production facilities over 5 continents and is themarket leader in 11 of these countries.Hindustan Inks has the world's largest single stream fully integrated ink plantof 1-lakh tones per annum capacity and 100% owned subsidiaries in USA andAustria.Essel Propack is the world's largest laminated tube manufacturer with presencein 11 countries and a global marketing share of 25% already.Ford has just presented its Gold World Excellence Award to India's Cooper Tyres.Other industries are winning equally prestigious awards all the time.While on cars, Aston Martin has contracted prototyping its latest luxury sportscar to an Indian-based designer and is set to produce the cheapest Aston Martinever.Suzuki, which makes Maruti in India, has decided to make India itsmanufacturing, export and research hub outside Japan.Hyundai India is set to become the global small car hub for the Korean giant andwill produce25,000 Santros to start with. By 2010 it is set to supply half a million cars toHyundai Korea, HMI and Ford.India is leaping ahead, posting astonishing results in the global markets fromBrazil to China.The Indian pharmaceutical industry is blazing ahead too. At $6.5 billion andgrowing at 8-10% annually, it is the 4th largest pharmaceutical industry in theworld. Its exports are over $2 billion.India is among the top five bulk drug makers and at home, the local industry hasedged out the MNCÂs whose share of 75% in the market is down to 35%. Trade ofmedicinal plants has crossed Rs 4,000 crore already.As for technology, India is among the three countries that have builtsupercomputers on their own. The other two are USA and Japan. Not a bad club tobe in, is it?India is among six countries that launch satellites and do so even for Germanyand Belgium. India's INSAT is among the world's largest domestic satellitecommunication systems.India is one of the world's largest diamond cutting and polishing centres. About9 out of 10 stones sold anywhere in the world, pass through India. With China,India's arch enemy, trade has grown by 104% in the past year and in the first 5months of 2003, India has amassed a surplus in trade close to half a milliondollars.In the recession-hit West, Indian exports are up by 19% this year and thecountry's foreignexchange reserves stand at an all-time high of $82 (Now over 100) billion. Indiais dishing out aid to 11 countries, pre-paying their debt and loaned IMF $300million!!And since we think banning fashion shows is the way ahead, it might beinteresting to know that Wal-Mart sources $1 billion worth of goods from India -half its apparel, GAP about $600 million and Hilfiger $100 million.These success stories are not propaganda and haven't happened overnight or bygood fortune. The Indians have the same bureaucracy and many of the politicianssimply play politics, the infrastructure creaks and poverty abounds, corruptionflourishes and there are huge pockets of inefficiency and walls that blockmeaningful progress. Sure, it has an army that is not bursting withpower-grabbing and subjugating its people every few years, but India's successcan no longer be denied and the gap between us and them grows wider .What makes them tick? The answers are not simple and require great space andanalysis by minds far superior to that of a weekly hack, but Cost and Brains aretwo factors. Add to that, a determination to rise above what faces you everyday,a vision of the stars as the man said.India provides IT services at one-tenth the price. No wonder more and morecompanies are basing their operations in India. An Indian MBA costs $5,000. AnAmerican MBA $120,000. Development of an automobile in the US costs $1 billion.In India, less than half. A cataract operation costs $1500 in the US. In India,$12. Bypass in the US anywhere up to Rs 6 lakhs. In India, it is Rs 40,000.Over 70 MNCÂs have set up R&D facilities in India in the past five years. 100 ofthe Fortune 500 are now present in India V/S 33 in China.Intel's Indian staff strength has gone up from 10 to 1,000 in four years. GEwith a $60 million invested in India employs 1,600 researchers, while it hasonly 100 in China. With better systems comes efficiency. The turnaround time inIndian ports is down to 4 days from 10 and its telecom infrastructure in 1999provided a bandwidth of 155 Mbps. Today, it is 75,000 times more and with fibreoptic networks in 300 cities, it will change the face of business. Mobile phonesare growing by about 1.5 million a month. Long distance rates are down bytwo-thirds in five years and by 80% for data transmission. The facts go on andon.In India there is a prevalence of foreign technology licensing which is rankedNo.1 in the world. The availability of scientist and engineers is ranked No. 2.The quality of management schools in India is ranked No. 9. The firm levelinnovation is ranked No. 12. The firm level technology absorption is ranked No.16. The company spending on R&D in India is ranked No. 32. (ALL THESE FACTS ARESUPPORTED BY Global Competitiveness Report, 2003)India rated as the most attractive destination for offshore business processingby global consultancy A T Kearney.So what are the answers? They lie in the way we look at things, our discourse,our vision, our ability to look ahead and our desire to genuinely put ourcountry on the right road. The people of India are naturally talented andbright.The question now arises is- ÂWhen will we unleash the great potential of ourpeople that lies dormant, crushed by the forces of evil that stop our progressfor their personal agendas?
After reading all these facts, i definitely feed proud to be an Indian. Do you ?
Signing off,
Girish !!!
posted by Prismatical @ 12:02 AM
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