In Fortune 500 list of the World's Largest Companies , only 7
are Indian !
Not surprising considering that for over 70 years , our
successive governments ( both at the Centre and the States ) , have left no
stone un-turned to ensure that our companies do NOT grow BIG !
And even those 7 are puny when
compared with the top 10 !
I have repeatedly said :
Those who think in terms of a
" Space SHIP
" , will never manage to go beyond even our own solar system !
Only way to " go where none has gone before " , is to cut the
Gordian Knot and let loose our Start
Ups / Entrepreneurs , by getting out of their way
Amitabh says : Grow Big
In
yesterday’s Hindustan Times , Shri Amitabh Kant (
CEO – NITI Aayog ) expressed his personal views in :
Extract
:
How can India capitalise on its
growth potential ?
·
Achieving size and scale are prerequisites for the economy
to be highly competitive and innovation driven.
·
To do this, Indian companies must have the capability to emerge as
global champions and penetrate global markets.
·
These companies will also help create the requisite jobs needed
for India’s young population
·
Large, formal firms drive income and efficiency. With scale,
companies can lower per unit costs and compete in global markets thereby
raising their own standards.
·
The prevalence of large firms is a key characteristic of well
performing economies and sectors.
·
There are certain good practices that large enterprises
imbibe in economies, which is a vital reason why large enterprise in India
must expand and broaden.
·
Competition and innovation are critical factors driving
growth.
·
For India to reach the next stage in its economic trajectory, the
government’s task is to create a supportive, enabling environment for firms to grow and
achieve scale.
·
Only by facilitating champion companies can India fulfil its growth potential and
move to the next rung in its development
======================================================
As
always , Amitabh does not mince words and hits the nail on the head
!
Only
yesterday he said :
“
We need to incentivize domestic funding in our
Start Up movement, not tax them .
This
is necessary as we do not tax venture capital ( VC ) funds . …a serious concern is the
decline in seed stage capital by 20 % ……..seed
capital is extremely important to nurture entrepreneurial innovation and
is often the riskiest investment “
Here
is cause for concern :
2017
> Firms raised Rs 8.6 L*crore thru debt market and Rs 1.6 L* crore
from equities
2018
> Rs 5.1 L*crore thru debt market and Rs 78500 crore from equities
Earlier
as the architect of “ Make in India “
initiative and now busy fostering a positive / healthy competition among the
States when it comes to “ Ease of Doing Business “
, Amitabh has championed many reforms
But
“ reforming “ an entire ECONOMY of our country is an ongoing / everlasting ,“
Work in Process “
And
, as far as “ Growing Big “ is concerned , I
have sent following suggestions in the past :
AGENDA FOR REFORMS
[
Oct 2015
to March 2018
]
Transport : an Integrated Logistic Plan ? ………………………………[ 20 Nov 2018
]
Only Answer : a Statutory Warning ……………………………………[
10 Nov 2018
]
Foundation of Economy ………………………………………………………….[
03 Nov 2018
]
Will China save the World ? ……………………………………………………[
21 Oct 2018
]
Costing Plays a Key Role ………………………………………………………..[
18 Oct 2018
]
Climate Conundrum ? ……………………………………………………………..[
10 Oct 2018
]
Ayushman Bharat : Think Big ………………………………………………….[
23 Sept 2018
]
Crossing the Seven Seas - 7 C ……………………………………………….[
10 Sept 2018
]
=====================================================================================
25
Dec 2018
www.hemenparekh.in / blogs
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