Word: sectoral
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...widely seen as a possible Putin heir. After its brush with Ukraine, Gazprom is now pushing hard to acquire gas distribution and marketing companies in other countries; last week it acquired the industrial and commercial client base of Britain's privately-owned Pennine Natural Gas. The next sector ripe for state consolidation may be the pipeline business. According to official documents seen by Time, there are moves afoot within the Kremlin to create a huge oil and gas pipe-line monopoly based on an existing pipeline operator, Transneft. In February, Russian Industry and Energy Minister Viktor Khristenko submitted a report...
...decade before business really starts to boom in some of the secondary cities now being targeted?metropolises like Hefei, Harbin and Chengdu. But early movers such as InterContinental hope to reap the benefits of choice locations and greater brand awareness by getting there first. Eric Wong, a property-sector analyst for UBS Hong Kong, observes: "If I'm a big hotel company, the question is, should I wait ten years to plant my flag in China now? The big chains have all decided, and are in the midst of a flag-planting race...
...possible no such strategy exists. But last week there was a glimmer of a shred of a possibility: Operation Forward Together, the Iraqi-led effort to secure Baghdad-finally!-using classic counterinsurgency methods. "What they're trying to do is take back the city, sector by sector," says Andrew Krepinevich, director of the Center for Strategic and Budgetary Assessments and a leading expert on counterinsurgency (coin is the inevitable military acronym). You might well ask, What is coin? Let me oversimplify: coin is the military equivalent of the police strategies that mayors like New York City's Rudy Giuliani used...
...will break ground in June on a $3 billion semiconductor factory in the southern state of Andhra Pradesh. Others are coming around, too. Dell Computer recently announced its intention to build a factory in India, joining those it already has in China and Malaysia. In fact, the Indian manufacturing sector expanded 9% last year, a key reason why the country posted economic growth of 8.4%. A 2004 report by consulting firm McKinsey & Co. and the Confederation of Indian Industry says that manufactured exports from India can potentially increase to $300 billion by 2015. "'Made in India' could become the next...
...India's manufacturing sector isn't being driven exclusively by multinational cash and expertise. The country has a base of homegrown companies, like the Tata group, that are developing quickly, some of them with burgeoning international operations of their own. (See Tata story.) "Many Indian companies are dreaming of being world class," says Sanjiv Bajaj, executive director of Pune-based scootermaker Bajaj Auto. They're eliminating redundant staff, streamlining management and investing in modern production lines. A decade ago, Bajaj made one million two- and three-wheeled vehicles with 24,000 employees; today, it churns out 2.2 million with...