The mixed blend of history and modernity are inseparable and mesmerising

The mixed blend of history and modernity are inseparable and mesmerising. No wonder, with a plethora of glorious landscapes, dramatic mosques and castles, the country attracts many a globe trotters. Not only this, Turkey over the years, has been an epitome of liberal democracy and such an achievement, especially from a Muslim country, has left many a perceiver in awe. The latest being the US President George W. Bush, who hails it as a model for the Middle East countries to emulate. No doubt, with one of its foot in Europe and the other in oil-rich Middle East, the country gets to have the cake and its share too.

The major business centres of Turkey are Istanbul (the capital city), Izmir and Adana. Bouncing back successfully from the recession of FY 2000-01, Turks have proven to the world that they are no less. And now, the mission is to join the EU.

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Source:- IIPM Editorial

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Living on the edge...

Can you afford to feel smug and claim that your house is safe when the entire neighbourhood around you is going up in flames? Many Indian policy makers seem to nurture such illusions. Talk of Bangladesh, Sri Lanka, Nepal and Pakistan, all in serious danger of being ‘failed states’, and you hear chest thumping noises about the mature Indian democracy and the magical 8% GDP growth rates. There is almost a childish & voyeuristic sense of glee in watching neighbours struggle as India marches ahead as a rising power of the 21st century.

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Source:- IIPM Editorial

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BUILD ON FAMILIARITY WITH RESOURCE MARKETS

Some emerging-market companies have gained competitive advantage by exploiting their knowledge about local factors of production – the markets for talent and capital – thereby, serving customers both at home and abroad in a cost-effective manner.

Consider Indian information technology majors such as Tata Consultancy Services, Infosys Technologies, Wipro & Satyam Computer Services, all of which have excelled in recent years at catering to the global demand for soft ware and services. This is partly because India’s education system produces many engineers and technical graduates; local companies hire these people at salaries much lower than those that engineers in developed markets earn.

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Source:- IIPM Editorial

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Indian pharma players

Indian pharma companies have one critical opportunity they can tap – that of research outsourcing. States Sanjay Aggarwal, Pharmaceutical Sector Leader, KPMG India, “Most (Indian pharma players) will be unable to develop the financial muscle necessary to embark on R&D for innovative new products, but their scientific, technical & manufacturing skills perfectly match the requirements of global drug manufacturers that are increasingly seeking to off shore many research and manufacturing activities.” An instance is the recent Ranbaxy-GSK tie-up for drug research. By leveraging on their low-cost base, Indian companies can overcome constraints of high R&D spends. Just think about it, Ranbaxy & Pfi zer could actually combine to create a new ‘Lipitor’...

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Source:- IIPM Editorial

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Deeper truths about global energy

Not only were Cheney’s facts wrong, but his logic too was hollow. Dictators like Saddam make their living by selling their oil and not by preserving it! In any event, the war in Iraq will not protect the world’s energy supplies in fifty years and will only pose a threat to those very supplies by stoking the very radicalism it fights against. ‘Genuine energy security’ will not be attained by invasion and occupancy of the Middle East, or by attempting to impose pliant governments in the region, but through cognizance of deeper truths about global energy.

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Source:- IIPM Editorial

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