From the Readers

Lesson from neighbor

(China Daily)
Updated: 2010-06-18 07:57

I was on a business trip to Europe to attend an international tyre expo recently. What startled me were that two Indian companies' pavilion attracted the maximum visitors. I call it a pavilion because it was the biggest and most attractive for being tuned to European culture. One company already has a big presence in European and North American markets, while the other is trying to get a foothold in the European market through a major acquisition.

These companies were not very big until a few years ago but their innovative spirit, experience in global operations, skills in mergers and acquisitions and unique way of training managerial personnel in the era of globalization calls for commendation.

Chinese enterprises can learn from their experiences. Similar examples can be seen in other companies engaged in automobile, software technology, pharmaceutical industry and financial services.

The core advantage of India is its communication ability and its private enterprises that contribute to more than 85 percent of its economy. Since the process of economic liberalization, leaders of Indian private businesses have articulated inspiring visions and mobilized their enterprises to achieve internationalization.

Since China is eager to join the race for going global, it can learn a lot from Indian private enterprises in internationalization and management to support its manufacturing capabilities.

R.N.K. Krishnan, via e-mail

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(China Daily 06/18/2010 page9)