INDIAN CORPORATES PUT INDIA ON THE MOON
I hope Satyam episode is only one isolated case which shows the darkest side of indian corporates and puts question mark on corporate governance in India but there are plenty of corporates from whom the west is learning. This is the most postive side of indian corporates of whom we are proud of.
The West is smitten by the idea of India, And its about the rags to riches story of " Slumdog millionare ". The west is also learning from this country about the way to go in the future.
It is now seen as a country that has moved up the value chain. India has the ability to produce engineering marvels as well as the most cost-efficient cars by itself. The country provides engineering support to multinationals, can write software and hardware in the IT space which helps global giants and can launch a Moon mission all by itself.
Almost a year ago, as Ratan Tata unveiled the cheapest car in the world, against many speculations, it was not an autorickshaw on 4 wheels. The Nano has already created several opportunties and given a boost to auto-engineering.
Only 2 decades ago, India could not think beyond Fiat and the Ambassador. Besides, there were very few component mfrs in the country. Enter the 1990's and the situation changes manifold with component-makers jostling for space and partnering with foreign players.
The Nano is already the cheapest car in the world. However, it is not just about the price. The Tata Nano, which boasts of supreme engineering, has about 100 vendors, most of them based in India. Tata Motors has reportedly filed 34 patents related to innovations in the design of Nano. India is moving up the value chain and that is not just true in the case of stalwarts like Tata, but also for several emerging companies. A Pune based company has seen a spectacular growth. The company makes industrial robots and also boasts to be one of the largest automation firms in the world. The company provides robots to industries, especially for hazardous work, like its robots are installed in Tata Motors for welding and pressing when Indica was launched.
It is also one of the several companies involved in Chandrayan-1, India's 1st mission to the moon launched by ISRO. All the companies involved in the project were indian which not only made the mission a success but also a less expensive affair. The mission is beleived to have cost one-third of other such moon missions cost. The main reason for this is the lower weight of the vehicle, and secondly, the innovativeness of the indian companies in maintaining costs. ISRO, apart from the 40 players involved in the mission, is looking for more business. ISRO expects a business of around $60 million from manufacturing satellites for 3rd parties elsewhere.
Several companies, like L&T which were also involved in Chandrayan, are expanding their horizons towards defence sector too. They are also looking forward when indian govt. trusts indian companies not only for small projects but also for building aircraft and submarines.
BRAVO. INDIAN COMPANIES HAVE ARRIVED.
The West is smitten by the idea of India, And its about the rags to riches story of " Slumdog millionare ". The west is also learning from this country about the way to go in the future.
It is now seen as a country that has moved up the value chain. India has the ability to produce engineering marvels as well as the most cost-efficient cars by itself. The country provides engineering support to multinationals, can write software and hardware in the IT space which helps global giants and can launch a Moon mission all by itself.
Almost a year ago, as Ratan Tata unveiled the cheapest car in the world, against many speculations, it was not an autorickshaw on 4 wheels. The Nano has already created several opportunties and given a boost to auto-engineering.
Only 2 decades ago, India could not think beyond Fiat and the Ambassador. Besides, there were very few component mfrs in the country. Enter the 1990's and the situation changes manifold with component-makers jostling for space and partnering with foreign players.
The Nano is already the cheapest car in the world. However, it is not just about the price. The Tata Nano, which boasts of supreme engineering, has about 100 vendors, most of them based in India. Tata Motors has reportedly filed 34 patents related to innovations in the design of Nano. India is moving up the value chain and that is not just true in the case of stalwarts like Tata, but also for several emerging companies. A Pune based company has seen a spectacular growth. The company makes industrial robots and also boasts to be one of the largest automation firms in the world. The company provides robots to industries, especially for hazardous work, like its robots are installed in Tata Motors for welding and pressing when Indica was launched.
It is also one of the several companies involved in Chandrayan-1, India's 1st mission to the moon launched by ISRO. All the companies involved in the project were indian which not only made the mission a success but also a less expensive affair. The mission is beleived to have cost one-third of other such moon missions cost. The main reason for this is the lower weight of the vehicle, and secondly, the innovativeness of the indian companies in maintaining costs. ISRO, apart from the 40 players involved in the mission, is looking for more business. ISRO expects a business of around $60 million from manufacturing satellites for 3rd parties elsewhere.
Several companies, like L&T which were also involved in Chandrayan, are expanding their horizons towards defence sector too. They are also looking forward when indian govt. trusts indian companies not only for small projects but also for building aircraft and submarines.
BRAVO. INDIAN COMPANIES HAVE ARRIVED.
posted by vaneet kundra at
Wednesday, January 28, 2009
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