Making ‘MAX’ sense of connectivity...

The WiMAX technology is expected to revolutionise connectivity as it is known today...

Shyam Kaushal, Director, WIMAX Forum (India)

Analysts say that WiMAX is overhyped. Do you agree?
I think that it is not an overhype. The 3G people are talking about their platform for the last 5 years. They are doing it, because they are afraid that WiMAX will have the first mover advantage. 3G is a communication technology extended to data whereas WiMAX is a data-centric technology. India has a large market; the target of 20 million by 2010 is actually nothing compared to the potential 1.2 billion people. So, I don’t think there is any hype about WiMAX. To be honest, we should be doing more publicity.

On the size of investment needed both globally and in India.
Investment in global telecom sector is about $24 billion. Over the next 2-4 years, about half a billion dollars are expected to be invested in India for WiMAX.

Mission & challenges of the forum in India.
It is to support private companies, the government and the people of India to enjoy the benefits of WiMAX. The emerging technology promises to deliver wireless broadband services to rural and urban areas. The foremost challenge are the spectrum availability, which is under resolution by relevant government authorities and the price sensitivity of Indian market, especially residential.

Is WiMAX a substitute for Wi-Fi? Why is it a disruptive technology?
No, while WiMAX provides the last mile connectivity, Wi-Fi is a technology which operates in an unlicensed standard of 2.4 GHZ. It is meant for a small area. My laptop has got a built-in Wi-Fi chip. The forthcoming new laptops will have WiMAX-enabled chips. So in the future, consumers will buy devices like laptops, PDAs with a plan like that for mobile connections now. With WiMAX, one can use the same laptop everywhere, whether at home or office. That is a great advantage and which is why it is called a ‘disruptive technology’. We will start looking at the way we handle the broadband very differently.

Why is India slow in adapting WiMAX?
This is simply because of a lack of spectrum being released by the Government. Devices are already available, operators and vendors are there in place. Once WiMAX technology is in proper action, the operators will use innovative ideas for profits and consumers will benefit from better services. Therefore, everything is really waiting for the spectrum allocation.

With Telsima Communications, will Tata succeed?
Yes, Tata will be successful in its endeavour. It will not face any hurdles except spectrum availability. Besides this, Tata Communications is very competitive and Telsima is a very competent vendor on its part. Both of them have all the end-to-end solutions in place.

Who will be the biggest player of WiMAX in India?
I think BSNL would be a prominent player. Reliance Communications, Tata Communications, Bharti, Aircel, MTNL will also be important. BSNL has been chosen for rolling out India’s WiMAX network. WiMAX is being deployed in six major cities already. BSNL is deploying ten base stations in the first phase including rural districts in Haryana.

Will the quality of services be a major issue of concern?
The quality of the service and the speed will be assured; this is because WiMAX ensures that only ‘certified’ products are in the market. We have a certification process in a very open manner where you have to send the products through a series of tests like Radio Performance testing and Interoperability testing. We only have open standards and have no IPR (Intellectual Property Right) issues. So, I hope we would meet the quality standards with WiMAX.

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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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Creative Inspire 5.1

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Technical Specification

6 Watts RMS per channel (5 channels), 12 Watts RMS, 40Hz ~ 20kHz frequency response, 75dB signal-to-noise ratio, Bass control on the subwoofer, magnetically shielded satellite speakers
PRICE: Rs.6,599;
WARRANTY: 1 year

Taking advantage of a front centre speaker, Creative Inspire 5.1 provides the best music entertainment experience. When combined with Sound Blaster Audigy or Sound Blaster Live! 5.1 sound cards, the system can realistically simulate 5.1-surround sound with Sound Blaster 4-channel sound cards using Creative’s proprietary CMSS upmix technology. Further, it comes along with a reinforced wood sub-woofer with a built-in amplifier, adjustable bass control, and 5-inch driver that delivers the required power and punch that make your movies, games and music come to life.

Marketers’ delight: For consumers who want a surround sound experience at an affordable price.

Tester’s Note: Pros – Surround sound. Affordable. Cons – Weak bass. Needs extra sound card for full utilisation. Consumes a lot of power.

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Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
Now IIPM's World-Class Education... for everybody!!
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The great Indian hope trick!

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Banks increase their exposure in the Indian realty sector; and the US sub-prime crisis can take a walk...

Realty seems to be the latest crush of the banks which are on a prowl for partners who can fetch them higher returns. The abundant opportunity in the real estate sector and the returns that can be minted off, are what have lured the likes of Deutsche Bank, Citigroup, Lehman Brothers et al, who are busy hitching private equity deals with leading realty sector players like Unitech, BPTP, Lodha Group and Ramprastha Group (see chart above). “The Realty sector is the most lucrative option with ever growing demand for infrastructural developments, especially in the NCR region,” justifies Arvind Walia, Group Director, Ramprastha Group. With the growth numbers being forecasted in the scale of 25-30% on a yearly basis, the realty sector’s reality seems to be illusorily encouraging! Ashish Agarwal, Real Estate Analyst, SSKI could not agree more, “Real estate industry is on a rise driven by the increase in demand of residential housing and official infrastructure.”

One should realise that with even million dollar investments, the foreign banks have managed to grab only a percentage of the total shareholding, vindicating the increased valuation of the domestic realty firms. For example, Deutsche Bank has bought 40% and 25% of Ramprastha and Lodha Group respectively, while Citigroup has supposedly picked up 40% in BPTP. This is not to forget other private equity majors like Merill Lynch, Deshaw, and even Bennett Coleman et al who have always been into the foray of investing into the sector. “Many banks have dedicated property funds, which are invested in such developers,” clarifies analyst Ashish.

And there lies the nail in the queen’s bed! While people like Walia of Ramprastha overzealously claim that banks “have zero risk involved and are going to earn unheard of returns,” warning voices are already being heard from people like Amit Majumdar, Banking Analyst, Angel Broking, who says, “Market volatility, land title disputes, approval clearance and many more are thorns in the paths for these investors.”

Amit Saxena, CEO, Planman Financial is more acerbic, “It is ridiculous for foreign investors to be blind to the clear dangers of domestic real estate firms simply folding up because of rising costs!” And rising costs all over the board, including raw material, labour, cost of capital, and almost all related to the dangerously rising inflation rate.

As on April 15, 2008, the US subprime losses have been forecasted by IMF to almost touch a gut wrenching $1 trillion! That’s equal to India’s GDP itself! If India’s real estate sector crashes any day – and the dangers are always present around the corner – these foreign banks, as one expert put it, “would simply be hanging on to the great Indian hope trick...” Then why don’t these banks take immediate precautions? Amit Saxena patiently explains to us, “If it were as simple as that to make these banks tread a safe path, the US subprime crisis would never have occurred, would it?” Well, would it?

Ratan Lal Bhagat

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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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MILIND DEORA - Walking his talk

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MILIND DEORA
Walking his talk

Suave, well-articulated and a management graduate from Boston, he could have been one of the many examples of India’s brain drain. But he chose otherwise. The man in question is 31-year-old Lok Sabha MP Milind Deora. Son of Murli Deora, Milind was one of the youngest MPs to enter parliament at 27. So, is Milind just another face of dynasty politics in India? Rahul Sinha, BJP, State General Secretary, West Bengal seems to agree as he says, “He hasn’t been able to make a mark yet.”

Milind could prove his detractors wrong. Voters agree that he has been tirelessly working towards affordable housing, schools, playgrounds and hospitals. One of his prominent works has been the free computerisation of schools. From Janasampark meetings with constituents, to appearing on TV channels to put forth his views, he has proved he is more than his father’s son. He frequently meets his people at regular intervals and lends a patient hearing to their woes. Follow up responsibility is given to the local Congress municipal corporator. Says Manas Bhuiyan, Congress Legislature Party leader, West Bengal, “He has proved his voters right... As 65% of India’s population is below 35, Milind being of the same age group and representative of them, would definitely play an important and pivotal role.”

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Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
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SHASHI THAROOR - Master of great prose

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SHASHI THAROOR
Master of great prose

He is the man who has carried the Indian dream of becoming a prominent force at the international level. The one who represented India for the UN Secretary-General post in 2006. Though he was defeated, he did bring some honour to the country as he was the second best choice of the voters. Shashi Tharoor actually represents the Indian dream of emerging as a global super power in world map. His career with the UN dates back to 1978 when he joined the UN High Commission for Refugees (UNHCR) in Geneva. As an author of repute his novels and books portray the picture of an emerging India. In his book ‘The elephant, the tiger, and the cellphone’ he has painted a true picture of the country from its old days to the modern India. His books are his true fame to claim. Some of his finest works include ‘Reasons of State’, ‘The Great Indian Novel’, ‘The Five-Dollar Smile & Other Stories’, & ‘India: From Midnight to the Millennium’. His economic and social philosophies have not only been appreciated and acknowledged worldwide by the elite minds, but have also brought glory to the country too. Undoubtedly, the man will lead from the front to make the next century the Indian century.

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).

For More IIPM Info, Visit below mentioned IIPM articles.
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