INDIAN MNCs
The TATAs has swelled to 5th position from 56th in global steel production by acquisition of Anglo-Dutch conglomerate CORUS.
The acquisition was in succession to the acquiring of ARCELOR by L N Mittal ,made the World mesmerised. The empire of LNM runs from America to Indonesia to Kazakhistan to Luxembourg.
The event is branded as "INDIA PRIDE" has focused all eyes on emergence of Indian MNCs.
In perspective , while Indian barrons like Aditya Birla forayed beyond India some 30 years ago, the real transition became visible with the liberalisation of Laws form 1990s onward. The sustainability of our initiatives made possible the track record of successive growth.
While the Indians were seen as "starving millions" , the starked transition is evident as "The India Focus" is now a common global theme.
The success story written by the enhanced presence of Indian companiesacross continents and ideologiesnot being sector-specific,but all pervasive-both in industrialans service sectors as well,has been possible due to a vast pool of young Indian Global leaders with a wide global mindset. The remarkable growth in Infrastructure-social and material, has equipped the Indian corporates with a zeal to readapt and rediscover to fill the space embarking on an edge of low operating costs and first mover advantage on a vast canvas of the developing world, particularly in Sub Sahara Africa.TATAs have rewritten history by competing with the World's best auto majors in South Africa.
The names Like Ranbaxy, Infosys, tata, TCS, Asian Pains , Wipro to name a few are extremely well on foreign soil braving the fierce competition from the Best of the World.
A large number of Indian corporates have created vast manufacturing facilitis in China and other countries cashing in the cost advantage factor.
TCS, Infosys and Wipro have become popular model of Multinationality. While Wipro's CEO is headquartered at US, a large number of Corporates are listed in NASDAQ.
The earlier label of 'merely woking as Indian companies abroad' is replaced with true Indian MNCs- ACT LOCAL WORK GLOBAL, competitively adjusting to other countries environment.
India has changed mor rapidly than we realise for better understanding of the Change. Sprinted towards money, Our attitude to wealth are remarkably altered.
It gives great degree of warmth, a most expansiv planet, abold statement that inspires and instills a great level of confidence.
The belief of India being globally inefficient, is belied.
The rapid change and adaption to a new democratic, yet proficient corporate governance , work culture has paved in providing the right team to work professionally to their full potential.
The similarity of outlook in Tata and LNM has made acquisition of Corus and Arcelor a reality, and is the key to future of Indian industry. It inspires the Indian Corporate to innate its agenda to adapt to contemporay challanges.
This moment of great fulfilment for Indians reflects the glory of success , putting the prefix- RICH, DEVELOPED before INDIA, a not so far reality.
But it calls fro a strategic leverage of vanishing deprivation for affluence for all, as the Globalisation is also perceived as a tool for creating wide gap betwwen haves and have-nots, as feared by none other than Kofi Annan - the UN Seretary General.
