Business

Former Colony India Increasing its Control on British Economy

Published

6 years ago

May 16, 2013

Having almost 400 years of presence on Indian soil and 200 years of rule on India, British had controlled much of Indian economy. While overall infrastructure grew in India, the taxes on land and farming had made the life of common Indian man difficult. The country which was known as the golden bird on earth whose economy along with China was the greatest in the world, was later known as the poor country after British Empire had declared control.

When Britishers left India, they left with a vast infrastructure of railway and strategic roads. Rail, by then had made its presence in the difficult terrains of Himalayas like Darjeeling and Himachal Pradesh. All the resources in the hands of the new Indian government and a developed infrastructure helped India improve its figures. It was in early 1990s when India opened its doors to the world. There was a belief that well developed economies and companies in the west will dominate Indian markets and make it difficult for the Indian companies to rise, but India had already produced and nourished matured brands based on trust, which later bravely faced the competitions with the outsiders.

Today these Indian companies have expanded their arms much wider and away from India that they are integrated with most of the population in this world. Either is it by chance or may be it is some kind of nationalism among Indian industrialists that they have collectively targeted British businesses and “Indianized” them. They took help of Indian branding agency as well as branding agencies in London and established their stronghold in the island nation which ruled India for over 200 years.

Unlike China, Indian companies do not mark their identity on their products that prominently. This could be one of the reason that after acquiring a business in another country Indian companies receive less resistance and easily acceptance of their services and products unlike China whose products are famous as “cheap quality use and throw.”

One good and relevant example can be the Tata Motor’s acquisition of prestigious British Jaguar and Land Rover auto brands. Still very few are aware that Tata Motors owns these super luxurious British automobile brands since 2008. Tata never renamed it as Tata Jaguar. Buying from the cash strapped Ford, Tata has now recorded massive net profit in JLR section.

Recently in February UK surprised everyone as British prime minister David Cameron flew to India’s financial capital with the largest trade delegation ever taken by a British prime minister to any country in the world. This gives a clear signal towards extending partnership and mutual understanding of importance of each other.

Today people in UK are happy wearing Indian clothes and jewellery. There is a huge possibility of finding a drug or medicine manufactured in India or manufactured by an Indian owned subsidiary in Britain. Indian tea is famous around the world, but a major British brand Tetley which is the choice of large number of tea preferring population in Britain is owned by an Indian company Tata Global Beverages. If you are booking tickets online, making bank transaction, or shopping online, then there is every possibility that an Indian company in Bangalore would have designed the whole platform that enables you to make online transactions smoothly. Again there is a huge possibility that every steel used in the construction or other purposes is India made or made by an Indian company or subsidiary.

Like this there are many such stories of India buying prestigious British companies, that we are going to share with you in our upcoming post (Stay Connected!). The whole idea is that Indian companies have been expanding their arms and integrating themselves in Britain and with the British consumers so finely that without knowing, Britishers have India and Indians deeply involved in their day to day life.

“Indian companies have been acquiring foreign companies, and when they do, the studies show those companies perform better,” notes Peter Cappelli, George W. Taylor Professor of Management at The Wharton School and Director of Wharton’s Center for Human Resources, while writing a blog piece, Indian Companies: Doing Well Because They Do Good, in Harvard Business Review.

China on the other hand is also making its presence large in Britain, however more analysts are satisfied with the way India has handled and nourished Britain’s biggest and highly prestigious brands.

Pedro Moreno de los Ríos, partner at Parangon Partners, an executive search firm, explains, “One of the great advantages of Indian executives, compared with their Chinese counterparts, is their knowledge of Anglo-American culture. Another advantage is the greater openness that India has enjoyed when it comes to foreign capital. Indian managers tend to have an international approach, and India is [even] exporting managers to China.”

The country which ruled India for 200 years and took much of its resources for its benefit now its countrymen are grateful to India and its Indian companies for jobs as on e of the Indian brand, Tata is now the largest employer in UK in private sector, thus belittling the blame that Indian companies are snatching the jobs from the western world.

In our upcoming article we are going to explore biggest acquisitions made by the Indian companies in UK and other countries which has proved India as a big and matured player in forming and controlling a good part of the world’s economy. Stay Connected! Follow us on Facebook, Twitter.

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Business

SkyBridge Receives “Exporter of the Year” award from Global Chamber Phoenix

Published

7 days ago

October 12, 2019

Andra Tudor

The SkyBridge air logistics project received the “Exporter of the Year, Services” award, granted by the Phoenix Global Chamber within its annual Grow Globally Fair, which brings exporters and importers together, along with international investors.

The award was presented to SkyBridge, a company chaired by Ariel Picker and directed by Felipe Monroy. The effort to position www.skybridgeaz.com as one of the leaders in the international logistics sector within the business community in Arizona has been coordinated by Marco Lopez, president of Intermestic Partners.

SkyBridge is planned to become the first international air cargo hub to house Mexican and US Customs in the United States.

Its operations are based at the Phoenix-Mesa Gateway Airport and will allow e-commerce companies and manufacturers, among others, to do business in Mexico and throughout Latin America, with a more efficient and profitable transport of goods between countries, thorough inspections and adequate security controls.

The development of this project will create 17,000 new direct and indirect jobs, as well as more than 3.5 million SF of development which will include industrial, aeronautical, office and commercial real estate.

The construction plan will detonate other benefits in the border region. Arizona’s proximity to Mexico and its surroundings are highly favorable for business, and they make the state a natural center for air cargo companies, large and small, eager to see their businesses grow on both sides of the border.

In this sense, Grow Globally Fair gives global business leaders the opportunity to see what’s new, who is new and how they can grow better.

With that purpose, the Phoenix Global Chamber awards prizes in honor of the success achieved in international markets and in the United States, whose categories are: Exporter of the year, product; Exporter of the year, services; Importer of the year; Landed Company to see; Cross-border consulting; Transcendent leader of the community; International banking; International commercial law; Immigration lawyer; Diplomat of the year; Translation and localization; International logistics; International accounting and taxes; International finance and insurance; International Emerging Risk; International Talent and Payroll: International Real Estate Leader; International wealth management; International business training and discourse; International IT services; International market; International education; Collaborating Organization; International nonprofit; International business city; an Elected leader with global mentality; Young Global Leader, and Global Leaders of the tribe of the year.

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Business

Axel Andorff and Carsten Isensee, new SEAT Vice presidents for R&D and Finance

Published

7 days ago

October 12, 2019

Andra Tudor

The Spanish car company, SEAT is betting on the future by hiring two prestigious new executive vice presidents. The company hired Axel Andorff as the new executive vice president of R&D (research and development), and Carsten Isensee has been appointed as the new executive vice president for finance. With both appointments, SEAT is focusing on Innovation and securing the company’s record profit and investment figures.

Who are Axel Andorff and Carsten Isensee

Research & Development and Finance are two of the most important areas on a car company. The new vice presidents of these areas, are both executives with international experience and extensive knowledge on the car market. Axel Andorff will be replacing Dr. Matthias Rabe (who will run the technical development operations area at Volkswagen), and Carsten Isensee, who is taking over for Holger Kintscher (who will be working as head of IT and finance at Volkswagen).

Let’s see who are these two new incorporations to the SEAT executive staff.

Axel Andorff (R&D Vice president)

Axel Andorff is a German economic and mechanical engineer (from the German University of Kaiserslautern), with 20 years of experience at the car market, where he worked for Mercedes and held various positions in the research & development area of that company.

New responsibilities at SEAT

The new R&D vice president will be in charge of the company’s innovation projects, especially those involving connectivity and car electrification, developing technologies and new forms of mobility. He is in charge of the SEAT Technical Centre, who is focused on R&D. It has an area of 43,000 square meters, prepared and equipped (of a total area that covers a surface of 200,000 square meters). More than 1000 qualified engineers work on this center, using advanced technology (simulations, virtual reality…) to create modern and reliable cars, and developing new car technology.

In 2018 SEAT allocates 862 million euros on total investments and R&D expenses, 47% more than in 2017.

Carsten Isensee (Executive Vice-President for Finance)

Carsten Isensee has a degree in business management from the German University of Wilhelmshaven, and he has made his entire career in the Volkswagen company. His last charge was in China as an executive vice president for finance.

2018 was a historic year for SEAT. Sales have grown by over 10%, increasing from 468,400 sold vehicles in 2017 to 517.600 in 2018. With the incorporation of Carsten Isensee to the company, they expect to continue increasing their sales along 2019 and the next years.

New responsibilities at SEAT

The Finance vice president joins the Spanish car company with the objective of reinforcing the company’s profit record and investment figures, and to strengthen its financial basis for future Automotive (LINK NOFOLLOW) projects.

The car market is a very competitive sector. Last years SEAT increased its figures on sales, profits and investments. With the new vice presidents incorporations, the company is focusing on increasing these figures and securing its position on the market.

As SEAT president Luca de Meo said: “It’s time to look to the future with the ambition to grow”.

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Business

Gutemberg Dos Santos and Robert Kiyosaki share their vision of leadership

Published

2 months ago

August 31, 2019

Andra Tudor

Gutemberg Dos Santos is a Brazilian-American entrepreneur and one of the main promoters of the use of Blockchain technology and crypto economy.

Gutemberg Dos Santos and Robert Kiyosaki

Gutemberg Dos Santos a couple of years ago sponsored an event in which the Guinness Record broke with the largest number of people playing Cash Flow, a game developed by Robert Kiyosaki. Today, Dos Santos shares some reflections that emerged on that occasion about what a good leader is.

A good leader is an excellent guide to reach common goals. If I want my team to work successfully I must share my skills and offer the best tools for their performance. I am also committed to strengthening the capabilities of each of the members and never assume that we all work the same as diversity enriches and complements the unit.

Sharing experiences. If I share my experiences with the rest of my team regarding the success and failures I have had in some projects, I will empathize with my team and together we will be able to reach the goals proposed for the company.

Listening. This part is essential for a business to prosper, if I do not listen to my people I will be walking towards darkness. I must always remain alert to the doubts and questions that my team may have, in this way I will know if we are all on the same frequency and we are walking towards the same course.

Motivating my team. I take my time to know my team, how old they are, what is their educational and socioeconomic level; what goals they pursue in the short and long term. This will help me find keywords that guide me to be empathetic with them and be able to have better communication.

Being proactive. When facing a difficult situation, I try to get the best out of it, without falling into frustration and rather detect alternative solutions. Trusting and being flexible. I am attentive to the capacities and strengths within my work team, this way I trust people in order to delegate tasks, likewise I am open to listen to proposals and suggestions that lead us to strengthen our project.

For more information, please visit : www.gutembergds.com

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