Friday, December 07, 2007

Who will lead the Indian Industrial Renaissance ?

The Tatas, Birlas or the Ambanis ??

After reading a lot about Indian Industrail renaissance this question has always been at the back of my mind for many months. Who will lead India into it's twenty first century revival as a major industrial and economic superpower ?

Japan's competitive edge has been blunted in the past couple of years. Ever after coming up with Sony's walkman in 1979, which virtually shook the world of personal music listening and miniaturisation, Japan has not come up with anything worth the salt in three decades. While Apple has gone ahead with it's innovative ipod, itunes and more recently as four months back, the iphone, Japan is losing out in the race to establish technological superiority in the world.

This goes to demonstrate to the world that the slow Asian renaissance is shifting from Japan to the other Asian powers of China and India. In the 80s the Asian Tigers of Taiwan, Singapore, Hong Kong and South Korea indeed did create a flutter, which was unfortunately shortlived, giving an impression of paper tigers fluttering around. But it did sensitise the world on what the Asians were really capable of. We have also been hearing of the BRIC - countries, Brazil and Russia included, who are also doing their part of the work  to build a better world.

It is in this context that we need to analyse the Industrial renaissance that is happening from this part of the world. We have the above three major Industrial houses, (family owned) besides the other professionally managed ones like Larsen & Toubro, Infosys and so on who are leading the charge from front..

( to be continued..)

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