zani
24.01.2004, 13:25 |
Indien: 2004 Autoindustrie +20%Thread gesperrt |
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Aus einem der kreditgenerierenden Länder
Friedman sees 20 p.c. growth in car industry
By Our Special Correspondent
CHENNAI, JAN. 23. The Managing Director of Ford India, David Friedman, today indicated that a 20 per cent growth in the car industry during 2004 `is possible' if all right factors were in place.
Addressing a press conference here today after conferring the prestigious Q1 certification awards on 20 of its local suppliers, Mr. Friedman said the industry could post a healthy growth in 2003 as all factors conspired positively to drive it. He hoped the prognosis for the current calendar would remain favourable for the industry. He asserted that Ford India would grow faster than the industry.
Fielding a range of questions, the Managing Director said his company had already become cash flow positive. To a question, he said Ford India had ploughed back the money into the company. In this context, he said the investment on Ford Endeavour was through internal generation.
Mr. Friedman said Ford India would launch a new `Made in Chennai' model this year. He, however, would not wish to hazard any guess on the type of the proposed new model. To a query, he said the ability of its suppliers to provide quality and cost-effective components would form the fulcrum of its strategy vis-a-vis introduction of new models.
To a question on the free trade agreement pact with Thailand, he said the agreement should go a long way in providing not just the automobile makers but also component suppliers market access to ASEAN.
<ul> ~ Car industry...</ul>
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zani
24.01.2004, 17:23
@ zani
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Blick von Indien aus: Jobauslagerung wächst mit 31-40% |
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Outsourcing will grow 31 to 40% annually next 5 years
13.03 IST 24th Jan 2004
By IndiaExpress Bureau
Amidst the furore over outsourcing of jobs to countries like India, a study has said that offshoring industry in the US is still in its nascent stage and is expected to grow 31 to 40 per cent annually in the next five years.
The McKinsey Global Institute said that business-process offshoring, which was valued between 32 to 35 billion USD in 2002, was just one per cent of the 3 trillion USD worth business functions that could be performed remotely.
Due to the significant benefits already being realized through offshoring, the market is projected to grow by 31 to 40 per cent annually, it said, adding that this may cause consternation over job losses but will make it an industry with well over 100 billion USD in annual revenue by 2008.
The study found that companies are leaving behind billions of dollars in savings when they offshore back-office functions and service jobs. They merely replicate what they do at home -- where labour is expensive and capital is relatively cheap -- in countries in which the reverse is true.
The way to reduce the cost of offshore operations even further, it said, is to re-organize and re-engineer operations to take full advantage of these differences. In a low-wage country, the capital infrastructure -- including office space, telecommunications lines and computer hardware and software -- should be used as intensively as possible.
Companies can boost their capital productivity in low-wage environments in three ways: round the clock shifts, cheaper capital equipment and reduced automation, the study published in the Forbes Magazine said.
<ul> ~ outsourcing will grow...</ul>
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zani
24.01.2004, 17:42
@ zani
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Indische Blickweise: Stolz auf ihre Universitäten |
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Helle Zukunft, Aufschwung, Möglichkeiten, Wettbewerb,.... ; Ausblenden der Härte der Realität.
India is becoming economic powerhouse: American economist
12.43 IST 21st Jan 2004
By IndiaExpress Bureau
An eminent American economist, who had predicted in the early fifties how computer technology would one day thoroughly transform business, has said India is becoming a powerhouse very fast.
"The medical school in New Delhi is now perhaps the best in the world. And the technical graduates of the Indian Institute of Information Technology in Bangalore are as good as any in the world. Also India has 150 million people for whom English is their main language. So India is indeed becoming a knowledge centre," said the 94-year-old guru Peter Drucker in an interview to the latest issue of"Fortune" magazine.
Drucker, who coined the concepts of"privatisation","knowledge workers" and"management by objective", said the dominance of the US is already over."What is emerging is a world economy of blocs represented by NAFTA, the European Union, Asean. There is no one centre in this world economy.
India is becoming a powerhouse very fast." In contrast, he said, the greatest weakness of China is its incredibly small proportion of educated people. China has only 1.5 million college students, out of a total population of over 1.3 billion.
If they had the American proportion, they would have had 12 million or more in college. Those who are educated are well trained, but there are so few of them, he said.
<ul> ~ economic powerhouse</ul>
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zani
24.01.2004, 17:55
@ zani
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Indien: IMF prognostiziert Wachstum von 5.6% ; andere bis 7.3% |
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IMF likely to raise India's growth forecast for 2004
13.08 IST 18th Jan 2004
By IndiaExpress Bureau
After World Bank and ADB, the International Monetary Fund is likely to revise upwards India's economic growth projections along with the global economic forecast for 2004.
"We are certainly more optimistic that the global economic forecast will go up," IMF first Deputy Managing Director Anne O Krueger said in New Delhi, adding the US, China and India were some of the countries, which would be main drivers of growth in 2004.
IMF had forecast a 4.0 per cent growth in global economy for 2003, while it was 5.5 per cent for developing nations.
For India, it had predicted 5.6 per cent growth.
"The world economy is now clearly on the upswing.
Recovery in the US is stronger than we had anticipated and the outlook for many regions of the world, including Asia, is brighter than it has been for some time," she said at the IMF-NIPFP conference, which ended yesterday.
She declined to give country-specific figures but said"India has embarked on economic and fiscal reforms. It will be a pity to lose the momentum and not take advantage of high growth." Although World Bank and ADB had revised India's growth forecast to six per cent after the good monsoon, the fund was yet to do so.
On the other hand, Ministry of Finance and RBI has pegged GDP growth at over seven per cent while independent agencies like NCAER have pegged it at 7.3, ICRA at 6.9 and CRISIL at 7.1 per cent.
<ul> ~ IMF..</ul>
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