Word: indianism
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...researchers' primary aim. Instead of pursuing humanitarian goals, science has become a tool for maintaining the rapid tempo of business globalization. In countries like India, scientific research has a vast but untapped potential for raising the living standards of the lower classes. Asian scientists, however, see the Indian marketplace as a battleground for big brands, which are offering innovative products at attractive prices. It's unfortunate that Asian governments have no agenda that includes bringing a change in the quality of life to the vast segment of humanity living below the poverty line. There is great need to revive interest...
...Greener India Your cover package on Asia's environment [Oct. 9] provided shocking facts on the pollution and overpopulation of the Indian city of Kanpur and indicated that four of Asia's 10 most polluted cities are in India. The report should be an eye opener for Indians. The dramatic resurgence of the Japanese port of Kitakyushu is inspiring and is surely an environmental role model. Indian cities should implement the Kitakyushu model, as Dalian in China has done, with a commitment to a cleaner future. Let us give a face-lift to the River Ganges like the one Dokai...
...Glance through the business news these days and it quickly becomes apparent Chandrasekhar is right. As international business leaders prepare to arrive in New Delhi for the World Economic Forum's annual India Economic Summit, India is ending decades of isolation. Indian companies have returned to global commerce. Indian-born business executives are climbing the corporate ladders at well-known multinationals, some to the highest rungs. Meanwhile, Indian companies, flush with cash from a booming domestic economy, are prowling for overseas acquisitions to expand their footprints. The most recent headline grabber was last month's $8.1 billion bid by Tata...
...first 10 months of 2006, Indian companies cut more than $10 billion worth of cross-border deals, up from about $1 billion in all of 2000. According to Dealogic, which tracks global M&A activity, Indian companies this year have spent twice as much on overseas acquisitions as foreign companies have invested in India. "There is a real bullishness" among the leaders of Indian industry, says Sabeer Bhatia, the Indian-born co-founder of Hotmail, the Web-based e-mail system acquired by Microsoft in 1997. "Every single Indian CEO is looking outwards...
...reason Indian companies are suddenly going abroad is that they can. For years, government controls and restrictions?the infamous "license Raj"?shielded Indian businesses from foreign competition, isolating them and stifling innovation. But in the early 1990s, the government began to slowly open up the economy. Anticipating an eventual onslaught from outsiders, the country's more far-sighted industrialists decided to modernize their operations. As a result, the most efficient businesses were able to reap outsized profits as India's economic growth began to accelerate, explains Delphine Cavalier, a Paris-based economist at BNP Paribas, which has advised Indian companies...