#April 2017, #Special Edition – May 2017, #INDIA-AFRICA, #Emerging Markets, #December 2017, #India & The World
Vivek Gambhir is Managing Director, Godrej Consumer Products Limited (GCPL), and the key architect of the firm s 3×3 strategy to drive international expansion. He talks ‘India Global Business’ through the strategy and the consumer giant’s over-arching goals with a specific eye on emerging markets like Africa.
How would you describe GCPL’s Africa strategy and how does it fit into the 3X3 plans?
Over the past few years, we have been scaling up our international presence with acquisitions that fit well in our “3 by 3” strategy – a presence in emerging markets in Asia, Africa and Latin America through three core categories – hair care, home care and personal care. These strategic acquisitions have strongly aided our growth story. Through them, we have both extended our core businesses and implicitly broadened our presence to a wider canvas.
Establishing a strong foothold in Africa is a key part of our strategy, both in terms of business size today, as well as potential for the future. Africa contributes 31 per cent of our revenues from international businesses, with annualised revenues of $200 million. We now have a growing business presence in South Africa, Mozambique, Nigeria, Kenya, Ghana, Uganda, Tanzania and Angola in the hair extensions, hair cosmetics, hair colours, household insecticides and personal wash categories.
#India-US, #December 2017
From Bangladesh and Africa to Israel and China, the footprint of India spread far and wide in recent months.
Gloster plans foray into Bangladesh
Diversified jute manufacturer and exporter Gloster Limited is planning to set up a unit in Bangladesh. The new unit will be a greenfield site and cater to the export market.
#October 2017, #EMERGING MARKETS
The Netherlands, Singapore and Mauritius have emerged as leading destinations for outbound Indian FDI. The attractions are benign tax laws, ease of doing business, easy access to international markets and robust regulatory frameworks.
The two top destinations for outward foreign direct investments (FDI) from India are Mauritius and Singapore. Three more tax havens – Jersey, Switzerland and British Virgin Islands – also figure in the list of Top 10 outward destinations. These jurisdictions are obviously bases from which the investments are routed to their ultimate destinations where actual physical assets and IPRs are located.
#February 2017, #Sector Focus/Pharma
The Indian pharmaceutical industry is holding on to a sliver of hope that it could become the supplier of choice for the US market.
Indian IT sector CEOs aren’t the only ones weighing every word uttered by US President Donald Trump for nuances and burning the midnight oil wondering how to maintain their lead in their largest market.
#2016, #Yearend 2016, #World View
India has lots of ground to cover in the African continent with its own version of economic diplomacy and the New Year will mark another chapter in the India-Africa outreach programme.
The Modi government has made much headway in its outreach to Africa but India still has lots of ground to cover before it can match Beijing’s heft in that continent.
#2016, #Yearend 2016, #Last Word
Governance systems developed ground-up in India can be replicated in other places in the world.
Over the last two centuries, India has adopted, or been forced to adopt, standards and systems imported from the West and imposed, except in some cases, from above. So, India’s judicial system is a copy of the British legal system, its education system is a product of Lord Macaulay’s disdain for all things Indian, its link language is also a gift from the former colonial masters and the Westminster model of democracy that India follows is a close replica of the British parliamentary system.
#Putting it in Context, #July/August 2016, #2016
I’m reminded of a famous line from William Shakespeare’s Julius Caesar, which says: “There is a tide in the affairs of men, which, taken at the flood, leads on to fortune; omitted, all the voyage of their life is bound in shallows and in miseries.”
We are now riding such a tide. Global economic flux and political uncertainty means world leaders need to figure out new relationships, new opportunities and reset the rules of engagement for a more connected and less secure than before world, where unprecedented migration and the movement of people for safety or for work is leading to anxiety.
These issues need to be…
#Putting it in context, #May/June 2016, #2016
India Inc. CEO lays out the sharp contrast between India’s benign partnership and China’s projection of hard power in Africa and how it could become the template for Indian strategic-economic-political outreach programmes elsewhere.
Looking at India’s efforts at making inroads into Africa, I’m reminded of an old proverb, probably of Chinese origin, which says: “A journey of a thousand miles begins with one step.” Fortunately for India, that step has been widely welcomed in Africa, which views India as a benign partner that is helping countries in that continent meet and overcome challenges relating to healthcare, availability of cheap live-saving drugs, education and digital penetration, among several other initiatives that leverage, harness and project India’s soft power. Then, African nations are major partners in the International Solar Alliance, which…