Sector dynamics are even hotter!

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However, Indian metal kings have taken everyone by surprise & within a shot span, are themselves playing an aggressive role in consolidation. Be it TataCorus ($12 billion), Hindalco-Novelis ($6 billion), Essar-Algoma ($1.5 billion) & Essar-Minnesota (price not disclosed) or the Jindal Steel & Power–El Mutun mine deal where it plans to invest $2.3 billion and so on, all have sent across the message to the global players, that by no means are they preparing to raise the white flag. Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “The combination of Hindalco and Novelis will establish a global integrated aluminium producer with low-cost alumina and aluminium production facilities combined with high-end aluminium rolled product capabilities.”

Besides, the companies are in-fluxing capacities and gaining access to higher value markets etc. will definitely provide an extra barter muscle with the forward as well as backward linkages. Shashi Ruia, Chairman, Essar Group expressed immense confidence for the deal with Algoma & Minnesota, “Algoma is an excellent addition to our existing steel business and also offers growth potential and our investment in Minnesota Steel is exciting as it gives us a cornerstone in the North American market.”

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Companies have diversified into new product segments, like pharma & life sciences

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With organisations like ICI, Pidilite Industries and Jubilant Organosys, companies in this segment are eyeing for a greater market share in the global chemical industry, valued at around $2 trillion. The Indian chemical & petrochemical industry currently contributes $9.08 billion to exports and is growing at the rate of 8.9%. The trio of cost effective R&D, availability of raw materials and technically efficient manpower, has played a pivotal role in the competitiveness of the industry. From being just a plain vanilla chemical company, over the years, Indian companies have diversified into businesses like paints, pharma, life sciences products (PLSP) and others.

The paint industry continues to be the main driver of the industry, as there exists a strong demand from both industrial and decorative segments. ICI (India) – a paints, specialty chemicals and performance materials company – topped the sector list with net profits of Rs.4.48 billion, followed by Jubilant Organosys with net income of Rs.2.31 billion. “While our industrial chemicals and other businesses continue to do well, the PLSP operation will be the lead driver of our performance going forward,” shared Shyam Bhartia, CMD, Jubilant Organosys Ltd..

With introduction of new products and a fast growing domestic economy, the petrochemical and chemical industry will have a chemistry that will be worth watching in the times to come.




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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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The Ind0-US nuclear deal is likely to have favourable impact on plans of power-generating companies intending to set up nuclear power plants

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Despite the government’s promise to provide electricity to every family by the year 2012, the Indian power sector’s performance lies in a crippled state. Despite investments being pegged at $300 billion from 2002-2012 to double the capacity of power generation, the power sector leaves a lot to be desired. This sector has not remained in sync with the Indian economic growth, resulting in a killing 8% shortage currently in energy and a 13% deficit in peak power.

The formulation of the Electricity Act, 2003, managed to offer a laissez-faire structure for the development of this sector, calling for a broader involvement in the Indian power space. The outcome of this Act brought the influx of global corporations such as Electricite de France, Alstom and AES, in addition to homegrown entities such as NTPC, Tata Power and Reliance Energy. However, at a recent conference on the power sector that had the state Chief Ministers present, Prime Minister Manmohan Singh addressed the defalcations of this sector that is witnessing numerous theft s. And with an alarming 44% of the household demand of electricity going unaddressed, the power scenario looks a messy affair.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Even cricket faces the crunch!

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The story is not only confined to IT and real estate; almost every sector of economy is feeling the pinch. T. Krishna Rao, Deputy General Manager of Hyderabad based Soma Enterprises says, “Infrastructure companies are growing at stupendous rate of 30-50%. We feel handicapped due to the lack of right people.” Soma Enterprises urgently needs more than hundred people for the execution of four Delhi Metro Stations and six highway projects. According to the hospitality consultancy HVS International report, May 2007, in top 10 cities, 53,000 hotel rooms are likely to come up in the next five years. Industry will require 94,000 more employees in coming 5 years. However, attrition rate is as high as 30% and many professionals in the industry are being lured by BPOs and retail sector. Former president of PHDCCI, Ravi Vig told B&E, “We have huge number of degree holders, but most of them cannot be employed as we demand critical skills.” Like IT, the pharmacy industry too is registering impressive results. However, the scenario is not altogether different in this sector. There is critical shortage of skilled manpower at every level, starting from the basic research, incubation, development, manufacturing and drug-testing.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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