#April 2017, #Special Edition – May 2017, #INDIA-AFRICA, #Emerging Markets
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.
#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.
#October 2016, #Emerging Markets
Mumbai-headquartered Marico Limited is a consumer goods company providing products and services in the area of health and beauty. Vivek Karve, the chief financial officer (CFO) of the firm, speaks exclusively to ‘India Global Business’ about the firm’s global expansion strategy, why Africa has been a focal point for some of its well-known brands and what other Indian firms with global ambitions can learn from its success story.
#2016, #October 2016, #Emerging Markets
Organised by the Delhi-based think-tank India Foundation in Singapore, the Indian Ocean Conference of September 2016 sought to locate India in the midst of the ocean that bears its name. ‘India Global Business’ presents a report from the scene.
India’s relationship with the Indian Ocean is political, cultural and economic, historical and contemporary. Its essence can be captured by the following statistics: of all of India’s international trade, 90 per cent by volume and 70 per cent by value moves across the ocean.
#July/August 2016, #2016, #Emerging Markets
The Indian Prime Minister sought to set the tone right and put India-Africa relations on a fast track with his recent African safari.
Narendra Modi’s five day four nation visit to Africa in July was his 51st visit to a foreign country since taking over and 11th this year. While his trips to US, Europe or China generate more newsprint and airwaves, his African safari is anything but less significant.
The continent has for long being seen as a potential bright spot in the world economy that will manifest itself after emerging markets like Russia, India, Brazil and China have exhausted themselves. When that happens, the country that has the most solid and traditional foundation and footprint…
#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…
#May/June 2016, #Africa, #2016
India’s minister for power, coal, new and renewable energy, Piyush Goyal, has often been referred to as among the most energetic ministers in the Narendra Modi Cabinet. As someone who thrives on meeting India’s energy targets before time, he is now keen to move the debate towards how India can play a leadership role within the context of Modi’s International Solar Alliance (ISA).
‘India Global Business’ caught up with the minister during a recent visit to London, where he spoke about redefining the Africa story and affordable energy access for every citizen of India and the world.