Frustrated king frustrates Chavez

IIPM’s 36th Glorious Year of Academic Excellence

The king should have shown restraint in dealing with a head of state

The kings & queens across the EU were once considered to be endowed with divine powers. Centuries have gone by since the “divinity” was taken off the European kings. Was the Spanish King, Juan Carlos, too nostalgic at Ibero-American Summit, not to realise his own limits? When Venezuelan President Chavez interrupted Spanish premier Zapatero & called former Spanish premier Jose Maria Aznar a “fascist”, the king lost his temper retorted, “Why don’t you shut up?”

The king’s breach of diplomatic protocol has stirred up a Hornet’s Nest as many European leaders & intellectuals tried to turn the blame on Chavez. For them, Chavez is the one who creates problems at every international summit because of his outburst against the Westerners. “It is now widely assumed that, when President Chavez appears at international summits, there will be some high profile dispute. The only thing unusual about the Ibero-American Summit in Santiago is that it involved the Spanish king, who is normally above politics. The king’s comments were well received in Spain.” Victor Bulmer-Thomas, Associate Fellow at Chatham House, told B&E. “Chavez is certain to pursue his claim that the Spanish king was aware of the coup against him & supported his overthrow. This will not help the bi-lateral relationship either,” Victor added. King Carlos left the summit venue when Nicaraguan President Daniel Ortega also joined Chavez to hit out at privatisation and Spanish business sector. Would this incident affect the relationship between Spain and Latin America? We will have to wait and see.

B&e edit bureau: John Stanly

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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An investor friendly approach!

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An investor friendly approach!

It’s the ease in legalities which facilitates investments in the state
Nilesh Shukla, Dy. Director of Information, Office of the Resident Commissioner, Government of Gujarat

"Gujarat, the land of businessmen doesn’t need any introduction. It’s said that if you want to make money, go and learn it from Gujaratis. But then, apart from that what is it that makes it a favourite destination among those seeking a fortune..."

Ratan Tata once said that only a fool will not invest in Gujarat. To some extent he was right. Today, Gujarat is well known as an ‘Investors Destination’, not only in the country but also in the world. Even the Chief Minister of State, Mr. Narendra Modi holds similar views as he fondly exclaims, “If you want to make money, come to Gujarat and if you want to waste it, you can go anywhere else.”

So, what is it that makes Gujarat a popular destination among investors? After all why this state attracts industrialists more than anyone else does? Well! There is more than one reason for it. But, before giving any of them, I would like to share two simple facts here.

Firstly, anywhere in India, when children grow up, their parents teach them alphabets but in Gujarat they teach them arithmetic which proves that Gujaratis are business minded people and entrepreneurship is in their blood. Secondly, it is the ease in government legalities which facilitates investments in the state. For this I would like to share an interesting instance. Just few months back, one industrialist who wished to establish a venture in Gujarat made a provision of Rs.5 to 6 crores to get clearance for his files and documents from the government. But his experience was totally different. Not a single penny was spent by him for it and he got all the clearance in time. He wondered, “Is it possible anywhere else across the country?” This young industrialist from northern India was extremely impressed by the government’s positive approach.

Thus, the primary reason for Gujarat becoming the hub for corporate investments is its liberalised thinking and adopting ‘single window procedure’. This helps it in reducing the barriers of trade and simultaneously increasing business in the state.

Gujarat leads the nation in special economic zones (SEZs), chemicals & petrochemicals, pharmaceuticals, textiles & apparels, power, ports et al. During the last ‘Investors’ Summit’ a total of 363 MoUs were signed amounting to Rs.4.61 lakh crores. Another plan which is attracting exorbitant investments by big corporate is the flourishing SEZs in Gujarat. The government has approved total of 51 SEZs till now and many more are in the pipeline. You’ll be surprised to know that Gujarat is the only state in the country which has privatised its ports. In fact, it’s one state that has done phenomenally well in all spheres. Even in agriculture and tourism sectors the state is not far behind. The annual income from agricultural sector has increased from just Rs.34 billion to a whopping Rs.90 billion over the years. Moreover, the government is planning to cover around 18,000 villages with broadband connectivity in the near future which will help farmers and traders to market their products directly through e-business. However, it’s just not investments that seem flowing into the state. Even tourists find it hard to stay away from it. It’s the rich culture and scenic beauty that makes Gujarat a hard-to-resist place on their travel map. In fact, after organising the Kutch festival the flow of foreign tourists has increased considerably, making Gujarat a hot spot for tourists from all over the world.

So as its glorious past, the future too seems golden for the state. Thus there is no doubt that Gujarat is one of the favourite destinations for investors because of forward looking government policies and the well developed infrastructure in place. Surely with this high, the investments are expected to be double in the coming years.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Anisha Sarin (31), Rediffusion DY&R.

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In a country like India, it is very difficult for anyone, especially a woman, to reach the pinnacle of success without a formal education. But if a person wants, s/he can even move mountains. At a tender age of 18, after dropping out of college, Anisha was ready to take on the big bad world and prove her mettle. But instead of a bagful of certificates and diplomas, she only had her creative abilities to show for herself. After struggling it out in a number of small agencies, she got her first big break when she joined Grey. After a three and a half year stint with the agency, she moved on to FCB Ulka, where she worked for over two years. But the highest moment in her career came when she joined Rediffusion three months back. “This year at Rediffusion has been the most defining moment in terms of opportunities, like-minded people and a lot of big pitches,” she says. And today she is the proud recipient of the Silver Pencil at the One Show in New York for her work for Premsons Bazaar. She has also worked on campaigns for Taj Hotels, Crosswords and Economic Times. But she believes that her best is yet to come and is confident that it will be pretty soon. She is now eagerly awaiting her Himalaya Mineral Water ad, which she is currently working on. A true and sincere craftswoman, she is pretty open even while praising the competition. Totally impressed by the Sony Bravia campaign done by rival agency JWT, she candidly admits that she wishes that the ad was, in fact, done by her.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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