Global focus on India Opportunity, says HSBC Dept CEO at NMIMS Seminar

He said, India has 18 % of world population and US has 5 % of world population while India has 2% of World GDP while US has 29 % of world GDP. Addressing a one day seminar Emerging Markets: New Centre of Gravity, organized by MBA (Global business) students of NMIMS University in Mumbai on October 27, HSBC bank Deputy CEO said Proper understanding of local market, use of local expertise, understanding of local law, adoption of vigilant and cautious steps, communication and flexibility would help us to face the challenges of emerging market.

Business strategy changes from context to context and implementation of a strategy is always a challenge in emerging market, opined K K Nohria, former CMD of Crompton Greaves. Size of market, GDP growth and development gap are the indicator of growth potential of an emerging market. India has all. Need of the hour is to work on how to make India most preferred destination for world business community, he said.

Participating in the seminar, L&T corporate development division Chief Executive Dileep Shevde said efforts to increase R&D work should be given in India. Global thinking and proper packaging is now the need of the hour for Indian business houses, he said.

SBI Funds Management Chief Investment Officer Sanjay Sinha said, Many things happen unusually in business. Auto industry world leader GM has been overtaken by Japanese automobile manufacturer Toyata. Innovation can lead a business. NIRMA has proved it to sustain its market in spite of MNCs in washing powder market in India.. Debt finance has been replaced and equity has been now priority, he said.

Speaking on the occasion, Vice President of Unilever Singapore, Bhaskar Sharma said that divergent branding helped many international brands like Nescafe to survive in market.

NMIMS University Vice Chancellor Dr NM Kandap earlier give the inaugural address while Nicholas Piramal India Limiteds Director (Strategic Alliance & Communications), Dr Swati Piramal cited many case studies on how Indian business houses are emerging winner in global race in changing market scenario in her keynote address.

Others speakers in the seminar included GP Rao, Sr VP (HR & IR), Reliance Industries Ltd, Rajiv Dubey, President (HR & Corporate Services), M&M Ltd, K Ramkumar, Group Chief (HR), ICICI Bank, Yash Sikkka, Director (HR) PWC, Suresh Advani, Director 9HR) Sandoj India, Mahesh Vyas, MD & CEO of CMIE and Prof Romar Correa, HOD of Department of Economics of Mumbai University.

In his introductory remarks, NMIMS Universitys MBA (Global business) Chairperson Dr GK Sharma introduced the theme of the seminar while Sr Advisor to Chancellor Rajan Saxena spoke in the valedictory session.
Student teams from IMT Ghaziabad and IIFT, Kolkata also presented their paper on Sustainability of SMEs in Emerging Markets.