Brand India is on the move: Gurumurthy

via www.newindpress.com published on June 20, 2006

KOLLAM: Corporate consultant and columnist S Gurumurthy said on Monday that India, despite being de-branded by its own people and trivialised by its own media and projected by the Westerners as a functional anarchy, had emerged as a powerhouse in science and technology, manufacturing and many other fields.

Gurumurthy was delivering the keynote address at a seminar on “India’s time has come” organised by the Quilon Management Association. He said that the entire world, except our own people, had acknowledged that India was on the go.

“Being taken note of is important. Commanding the attention of the mighty adversary and the entire world is significant,” he said.

Gurumurthy said that globalisation was a Western tool. The Western world was seeing India through the stock market. However, he said that the entire listed companies represented only two percent of the GDP.

He said that there was no direct link between the GDP and the FDI. The potential of the ‘Fortune 500’ companies as employment generators had come down significantly.

Nearly 18 percent of entrepreneurship is in India while only 8.3 percent of the entrepreneurs are in the US. China constitutes 12 percent of entrepreneurship, he said.

Gurumurthy said that the dollar was getting appreciated not because of the US economy but because of the American military. World respect only the mighty and the Pokhran explosion in 1998 had changed the attitude of the world towards India.

Pointing out that India’s role in development had increased; Gurumurthy said that over 60 production units of generic medicines had been outsourced by the multinational companies.

The MNCs have started 100 brand establishments and 1,400 national manufacturing labs in India. He said that this had happened because the world had acknowledged India as a powerhouse in science and technology.

Gurumurthy said that the Westerners’ burden was their social security schemes, which they cannot privatise. However, India with its cultural and civilisational legacy had privatised the same without any governmental pressure. He said that India had been ruled not by law but by dharma.

Water Resources Minister N K Premachandran inaugurated the seminar. He also presented the management leadership award to Cashew Development Corporation Managing Director K A Ratheesh.

Quilon Management Association President R Sreekumar presided. M C Philipose was the moderator.

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