Chennai in recent times have become a place for FDI. Foreign companies have liked Chennai more than other cities in India. Chennai is the Fourth largest city in India and 159th ranked city according to most livable cities in the world and 34th ranked city in the world according to population.
Government has located some places called Special Economic Zone (SEZ) which means a geographical region that has economic laws that are more liberal than a country's typical economic laws. The category 'SEZ' covers a broad range of more specific zone types, including Free Trade Zones (FTZ), Export Processing Zones (EPZ), Free Zones (FZ), Industrial Estates (IE), Free Ports, Urban Enterprise Zones and others. Usually the goal of a structure is to increase foreign direct investment by foreign investors, typically an international business or a multinational corporation (MNC).SEZ in India are Sricity AP, Hyderabad, Polipally, Velankanni,Surat,Ahmedabad,Cochin,Nagpur,Falta,Mangalore.
Currently, India has 1022 units in operations in 9 functional SEZs, each an average size of 200 acres (0.81 km2). 8 Export Processing Zones (EPZs) have been converted into SEZs. These are fully functional. All these SEZs are in various parts of the country in the private/joint sectors or by the State Government. But this process of planning and development is under question, as the states in which the SEZs have been approved are facing intense protests, from the farming community, accusing the government of forcibly snatching fertile land from them, at heavily discounted prices as against the prevailing prices in the commercial real estate industry.
In Chennai Sriperumbudur has been identified as SEZ , Sriperumbudur is strategically placed on the Chennai-Bangalore highway, just about 40 kilometers from the city, and offers all facilities that the international industrial giants want for their business to operate in the country. Hyundai was one of the initial investors when they established their Indian car operations in 1999 in Sriperumbudur. Later, Saint-Gobain and Nokia, Ford, Hindustan Motors, Mitsubishi, BMW and lately Nissan set up operations turning this Chennai suburban town into a large scale industrial hub. As of 2008, Sriperumbudur is a special economic zone with more than $2 billion invested by companies like Flextronics, Foxconn, Jabil, Dell and Samsung. The town is also regarded as India's answer to Shenzhen, China with its growth in electronic components manufacturing.
As you know two brothers who got divided in August 1947 after severe brutalities, casualties etc. Now let’s discuss about the economic structure of two brothers after 62 years of their independence and where they stay in this competitive economically developed world.
First we can see about the bigger brother INDIA. The economy of India is the twelfth largest economy in the world by market exchange rates and the fourth largest by purchasing power parity (PPP) basis.
India was a socialist economy before 1991, and India was a closed economy and did not leave and FDI to enter India which made India a under developed nation before 1991.
Before independence a large share of tax revenue was generated by the land tax, which was in effect a lump sum tax on land. Since then land taxes have steadily declined as a share of revenues and completely replaced by sales taxes.
Moreover, the structural economic problems inherited at independence were exacerbated by the costs associated with the partition of British India which had resulted in about 2 to 4 million refugees fleeing past each other across the new borders between India and Pakistan. The settlement of refugees was a considerable financial strain. Partition also divided India into complementary economic zones.
India's leaders first Prime minister, Mr. Jawaharlal Nehru, who introduced the five year plans to build Indian economy agreed that strong economic growth and measures to increase incomes and consumption among the poorest groups were necessary goals for the new nation. Giving utmost importance to the economy, Nehru appointed Mr.R.K.S Chetty, as the finance minister.
Government was assigned an important role in the process of alleviating poverty, and since 1951 a series of plans had guided the country's economic development. Although there was considerable growth in the 1950s, the long-term rates of real growth were less positive than India's politicians desired and much less than those of many other Asian countries.
Nehru's industrial policies were intended to encourage the growth of diverse manufacturing and heavy industries, yet because of state planning, controls and regulations the result was impairment of productivity, quality and profitability. The Indian economy lumbered along with an anemic rate of growth, and chronic unemployment amidst entrenched poverty continued to plague the population.
Since 1950, India ran into trade deficits that increased in magnitude in the 1960s. The Government of India had a budget deficit problem and therefore could not borrow money from abroad or from the private sector, which itself had a negative savings rate. As a result, the government issued bonds to the RBI, which increased the money supply, leading to inflation. In 1966, foreign aid, which was hitherto a key factor in preventing devaluation of the rupee was finally cut off and India was told it had to liberalize its restrictions on trade before foreign aid would again materialise. The response was the politically unpopular step of devaluation accompanied by liberalisation. The Indo-Pak War in 1965 led the US and other countries friendly towards Pakistan to withdraw foreign aid to India, which further necessitated devaluation. Defence spending in 1965-66 was 24.06% of total expenditure, the highest in the period from 1965 to 1989. This, accompanied by the drought of 1965-66, led to a severe devaluation of the rupee.
Gross Domestic product (GDP) grew 33% in the Sixties reaching a peak growth of 142% in the Seventies, decelerating sharply back to 41% in the Eighties and 20% in the Nineties.
From FY 1951 to FY 1979, the economy grew at an average rate of about 3.1 percent a year in constant prices. During this period, industry grew at an average rate of 4.5 percent a year, compared with an annual average of 3.0 percent for agriculture. Many factors contributed to the slowdown of the economy after the mid-1960s, the main one was the socialist policies pursued by Nehru and his cabinet. They managed to tamp down on the natural business acumen and abilities of the population.
Post 1991, Then Prime minsiter Mr. P V Narasimha Rao decided that India was on the brink of bankruptcy and would benefit from liberalizing its economy. He appointed an economist, Dr. Manmohan Singh, a former governor of the Reserve Bank of India, as Finance Minister to accomplish his goals and they ended many public monopolies, allowing automatic approval of foreign direct investment in many sectors.Since then, the overall direction of liberalisation has remained the same, irrespective of the ruling party, although no party has tried to take on powerful lobbies such as the trade unions and farmers, or contentious issues such as reforming labour laws and reducing agricultural subsidies.ince 1990 India has emerged as one of the fastest-growing economies in the developing world; during this period, the economy has grown constantly, but with a few major setbacks. This has been accompanied by increases in life expectancy, literacy rates and food security.
As the fourth-largest economy in the world in PPP terms, India is a preferred destination for foreign direct investments (FDI); India has strengths in information technology and other significant areas such as auto components, chemicals, apparels, pharmaceuticals, and jewellery. Despite a surge in foreign investments, rigid FDI policies resulted in a significant hindrance. However, due to some positive economic reforms aimed at deregulating the economy and stimulating foreign investment, India has positioned itself as one of the front-runners of the rapidly growing Asia Pacific Region. India has a large pool of skilled managerial and technical expertise. The size of the middle-class population stands at 50 million and represents a growing consumer market.
India's recently liberalized FDI policy (2005) allows up to a 100% FDI stake in ventures. Industrial policy reforms have substantially reduced industrial licensing requirements, removed restrictions on expansion and facilitated easy access to foreign technology and foreign direct investment FDI. The upward moving growth curve of the real-estate sector owes some credit to a booming economy and liberalized FDI regime. In March 2005, the government amended the rules to allow 100 per cent FDI in the construction business. This automatic route has been permitted in townships, housing, built-up infrastructure and construction development projects including housing, commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, and city- and regional-level infrastructure.
A number of changes were approved on the FDI policy to remove the caps in most sectors. Fields which require relaxation in FDI restrictions include civil aviation, construction development, industrial parks, petroleum and natural gas, commodity exchanges, credit-information services and mining. But this still leaves an unfinished agenda of permitting greater foreign investment in politically sensitive areas such as insurance and retailing. FDI inflows into India reached a record US$19.5bn in fiscal year 2006/07 (April-March), according to the government's Secretariat for Industrial Assistance. This was more than double the total of US$7.8bn in the previous fiscal year. The FDI inflow for 2007-08 has been reported as $24bn and for 2008-09, it is expected to be above $35 billion. A critical factor in determining India's continued economic growth and realizing the potential to be an economic superpower is going to depend on how the government can create incentives for FDI flow across a large number of sectors in India.
While the credit rating of India was hit by its nuclear tests in 1998, it has been raised to investment level in 2007 by S&P and Moody's. In 2003, Goldman Sachs predicted that India's GDP in current prices will overtake France and Italy by 2020, Germany, UK and Russia by 2025 and Japan by 2035. By 2035, it was projected to be the third largest economy of the world, behind US and China.
Current GDP rate is 6.7% and Mr. Pranab Mukerjee has predicted that India will be back to 9% growth rate by Mid 2010.
Apart from Economy, India ranks 4th largest in Global fire power after USA, China and Russia.(Source:http://www.globalfirepower.com/)
India is one of the members of G-14 countries in the world.
For the first decades from Independence to 1990's, Pakistan was a very poor and predominantly agricultural country when it gained independence in 1947 from Britain. Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP growth rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower growth in the second half of that decade.
Industrial-sector growth, including manufacturing, was also above average. In the late 1960s Pakistan was seen as a model of economic development around the world, and there was much praise for its economic progression. Later, economic mismanagement in general and fiscally imprudent economic policies in particular, caused a large increase in the country's public debt and led to slower growth in the 1990s. Two wars with India in Second Kashmir War 1965 and Bangladesh Liberation War 1971 and separation of Bangladesh adversely affected economic growth.[11] In particular, the latter war brought the economy close to recession, although economic output rebounded sharply until the nationalizations of the mid-1970s. The economy recovered during the 1980s via a policy of deregulation, as well as an increased inflow of foreign aid and remittances from expatriate workers.
The Pakistani government has made substantial economic reforms since 2000, and medium-term prospects for job creation and poverty reduction are the best in nearly a decade.
Government revenues have greatly improved in recent years, as a result of economic growth, tax reforms - with a broadening of the tax base, and more efficient tax collection as a result of self-assessment schemes and corruption controls in the Central Board of Revenue - and the privatization of public utilities and telecommunications. Pakistan is aggressively cutting tariffs and assisting exports by improving ports, roads, electricity supplies and irrigation projects. Islamabad has doubled development spending from about 2% of GDP in the 1990s to 4% in 2003, a necessary step towards reversing the broad underdevelopment of its social sector.
Liberalization in the international textile trade has already yielded benefits for Pakistan's exports, and the country also expects to profit from freer trade in agriculture. As a large country, Pakistan hopes to take advantage of significant economies of scale, and to replace China as the largest textile manufacturer as the latter China moves up the value-added chain. These industries play to Pakistan's relative strengths in low labor costs.
Growing stability in the nation's monetary policies has contributed to a reduction in money-market interest rates, and a great expansion in the quantity of credit, changing consumption and investment patterns in the nation. Pakistan's domestic natural gas production, and its significant use of CNG in automobiles, has cushioned the effect of the oil-price shock of 2004-2005. Pakistan is also moving away from the doctrine of import substitution which some developing countries (such as Iran) dogmatically pursued in the twentieth century. The Pakistani government is now pursuing an export-driven model of economic growth successfully implemented by South East Asia and now highly successful in China.
Current GDP rate of Pakistan is 5.8%.
Pakistan is ranked 15th in Global fire power, it ranks below Israel, Italy and even Indonesia.(Source:http://www.globalfirepower.com/)
Pakistan is not a part of G-14 or G-22, Pakistan is a part of G-22 Developing countries.
Pakistan main industries are Textiles, Chemicals, Food processing, automotive, machinery, beverages.
So by this comparison we can conclude that India is transforming into Economic global power than Pakistan. Pakistan has got its independence before India but it lags in many fronts. Pakistan can improve its economy and status of its population than concentrating on Kashmir and Indian affairs.
INDIAN INSTITUTE OF PLANNING AND MANANGEMENT (IIPM) which was started by Malay Chaudhri Director of IIPM in 1973. Arindam Chaudhri "Management Guru" is the Director.IIPM has its branches in 7 main cities in India. It has its headquarters in National Capital Delhi and has its 6 branches in Mumbai, Chennai, Bangalore, Pune, Hyderabad, Ahmedabad.
They have established as a well improved institute in the eyes of the corporates. They have good syllabus to recoken with. They have Professors base good. Well renowned Professor from top institutes like IIM's come and take classes in IIPM. As i told IIPM has a good name in the minds of the corporates i can put more on that. I applied for Summer Training in EMAMI Limited in Kolkata. I had sent my Resume to the Director Emami group Mr.Bhansali. He reforwarded my Resume to Ms.Indrani Sen VicePresident in the same concern. She has wrote a letter back to the Director as follows... "IIPM is the well renowned institute we can take this candidate". This name IIPM has with the corporates.
Around 700 companies visit the Campus every year, wich is a great number for a institute. Their Averge salary is 3.5lacs. which is nominal for a B-School. Companies from Dubai and UAE visit the campus. They have around 72 subjects to study which is huge for a student, but it makes a man compatible to any situation. They make Marketing a base for all students, and students can opt for Finance or HR in the second year. Their biggest recuriter is Reliance ADAG. I got placed in Reliance Life Insurance in the profile of Marketing and Communication with a package of 6.25lacs
IIPM has a good huge Disadvantage, their intake is huge in NewDelhi campus. Their intake is 2500 every year. which makes student to fight for their survival. Mr.Arindam Chaudhri wants more managers should be out from his institute but it reduces the efficiency of the student. Good student fights out,others bows out.
Mr.Arindam Chaudhri also manages a firm called Planman Consulting which is the fastgrowing firm in India. He recurits only IIPM passouts in his firm. His firm is the good base for learning the job because it is the fast growing firm.
IIPM intake is in two terms one is Spring Summer which is in May and Fall Winter which is in August. IIPM teaches the students the subjects which are not taught in IIM's and other Bschools in India. It has a tieup with IMI Belgium. It gives the MBA degree of IMI Belgium and its own Diploma Degree FIIPM(Fellowship of Indian institute of plannning and management).
Only IIPM has the course called Executive Communication which transforms a guy into a good speaker. In the corporate world if u have to excel you should have a good communication, which Mr.Arindam Chaudhri deals it well by this course.
IIPM offers another subject called National Econonmic Planning(NEP) which makes a student good in Social and Public affairs. IIPM brings out a great manager in oneself. Hatsoff to this great Institute. IIPM has brought out a great speaker in me.
I am so grateful to IIPM and to Mr. Arindam Chaudhri
"So students you are atmost welcome to join IIPM and excel in your CORPORATE LIFE."
So atlast a very highly volatile issue came to an end. The Bhajji and Symonds issue.
Start of a Newyear 2008 in SCG Australia Indians were cruising by taking 6 wickets for 134. When Symonds was on 30 he nicked a ball to Dhoni's gloves by the bowling of Ishant Sharma. Umpire denied the appeal from were all started. Australians cheated in all respects and won the game and retained the "Border Gavaskar Trophy". After winning the test Australians felt the heat. Kumble told "ONLY ONE TEAM WAS PLAYING IN THE SPIRIT OF THE GAME". Australiansthought indians would be in a fix after Bhajji's ban but powerful BCCI took care of the Indians. A simple issue was blown out of propotions and it marked the black days in cricket. Monkey is not a racial slur. Bhajji abused him with a bad word in hindi "Maa ki *****" which wrongly heard by Symonds as Monkey. Ponting as a Captain he should solved the issue there itself but as a crybaby he complained to Mike procter. I heard that Kumble has approached Ponting and told him about the after effects of the issue but Ponting forgot he has a tag of his country and he made Australians ashamed of his work.
There was a public outcry in India after banning Bhajji for 3 tests. Its obvious because Indians are more emotional towards cricket. Here in this part of the world, Cricket is worshipped as a Religion. There would be fightings inside but when it comes to cricket Indians unify. BCCI has shown their superiority in Worldcricket and made a correct thing in supporting Bhajji and threathened Cricket Australia that they would pull off of the tour. At last Bhajji won in the point of justice and Symonds and his team made as a scapegoat. I read in one newspaper that Symonds had given a interview by saying "My Blood Boils". First of all he have to see to whom he attacks. He attacked Bhajji, in India indians unified and fought back. But no Australians supported or backed the Aussie Cricket team which is so shameful as a country. Peter Rebouck who is well known writer has told that Ponting should be sacked from Captaincy. He has quoted that
"Ponting has changed the bunch of cricketers into bunch of Wild Dogs".
This shows how the Australians have played the Sydney Test and made their name and their Country's fame down.
So from now on Cricket should be played fairly and umpires should be selected carefully. And Umpires should retire after 60yrs. No more "Monkey Business" should happen again.
The new bike was launched in early November by Herohonda "THE HUNK" a 150cc Bike with 5 gears, disc brakes. it looks are awesome. It will be a great competitor for Bajaj Pulsar & TVS Apache.
Technical SpecificationEngine :
Air Cooled, 4 - Stroke Single Cylinder OHC
Displacement : 149.2 cc
Max Power : 10.6 Kw (14.4 Ps ) @ 8500 rpm
Torque : 12.80 N-m @ 6500 rpm
Bore x Stoke : 57.3 X 57.8 mm
Carburettor : C. V Type
Ignition : AMI - Advanced Microprocessor Ignition System
Head Light : 12V - 35 / 35 W = Halogen Bulb (Mulit Reflector Type)
Tail Lamp : 12 V - 5W
Stop Lamp : 12V - 21W
Turn Signal Lamp : 12 V - 10W x 4 nos, Clear Lense, Multi reflector Type.
Fuel Tank Capacity : 12.4 LtrsReserve- 2.2 Ltrs (Usable Reserve)
Length : 2080 mm
Width : 765 mm'
Height : 1095 mm
Wheel Base: 1325 mm
Saddle Height : 795 mm
Ground Clearance : 145 mm
Kerb Weight : 143 Kg (Kick) / 145 Kg (self)
Looking at the meter console, we have no digital instruments there, looks like Hero Honda wants to make it traditional style manly stuff, only raw power. After all, you can't feel the adrenaline in those digital meter as you feel when the niddle spindle over the meter .. wraoommmm... It is Rs.55000(ex-showroom price) for Disk+ Kickstart and Rs. 57000/- for Disk+Self start. So be ready to have an hand on it..............................
Dhoni as a captain is a good idea, because the same turmoil was occuring in South African Camp in 2003 after their first round exit of their home worldcup. Shaun Pollock was a captain for a series and Greame Smith who was 22 yrs that time was made a captain and he was successful and he groomed South Africa as world beaters.
So Dhoni can also put his efforts to make Indian team a Topclass team in near future. But Sourav Ganguly should be also considered by the board because Dhoni is young and he can succumb to pressure, so for the stop gap they should have made Sourav as a captain and Dhoni as a Vice captain so that Dhoni can be groomed for next 2 seasons.
But All's well will End well. So we can hope for the best!!!!!!!!
Media Marketing is the latest mantra now in advertising industry. Media marketing has grown up leaps and bounds in the 21st century. Media Marketing is defined as Process of developing media strategies and objectives; strategic media planning utilizes a marketing program coupled with the selection of specific media that will effectively and efficiently reach target audiences for a specific product or service.
Media planning requires matching the target audience to the appropriate media. Once the target audience is identified, selection is made based on the profiles of various media that is available, while also evaluating cost. In strategic media planning, the planner will make recommendations to the client consisting of a combination of media that will be most effective in reaching the target audience and the marketing objectives. From targeted print to dedicated airtime, there are areas of media coverage that may be stronger than others. Successful media planning requires the ability to identify, plan and act upon the best mix for the business. Today in-house branding is very popular. Many Hyper-malls are doing it. Where they welcome other companies irrespective of their streams for advertising or branding in their stores to explore their footfall.
I did my project on Media Marketing with Pantaloons Retail (India) Limited,Kolkata, which is a part of Future group. In Pantaloons retail there is a part called Future Media, where I worked with this company as a trainee for 2 months and did a project called “CONCEPT SELLING AND MEDIA MARKETING" IN RETAIL”. Where I learnt more about in-house branding and how to market these concepts to the clients.
Which was a great experience for me, visiting the clients, it was a great eye opener for me in terms of retail...
I am cool headed man with some valuable ideas in my mind and a fighter to the CORE. Finished my Bachelors in Mechanical Engineering from Anna University affiliated college in 2006, and went forward to do my Masters in Business Administration from The Indian Institute of Planning and Management New Delhi, finished in 2008, currently working with Reliance Life Insurance. Currently pursuing PGDCRM from Symbiosis Pune
the Chennai-Bangalore highway, just about 40 kilometers from the city, and offers all facilities that the international industrial giants want for their business to operate in the country.
