![]() Financial Daily from THE HINDU group of publications Saturday, Feb 19, 2005 |
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Marketing
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Brands `Brand India, a sum of different parts' Our Bureau
Mr Jairam Ramesh, Economist and Congress (I) MP, at the Brand Summit on Friday. Shaju John
Chennai , Feb. 18 INDIA is more like a "cafeteria of brands" and it would be a mistake to homogenise the diversity of the country under one umbrella, said Mr Jairam Ramesh, economist and Congress (I) member of the Rajya Sabha. Mr Ramesh was speaking on the Changing Image of Brand India and its implications for marketers at the third edition of the Brand Summit organised by the Confederation of Indian Industry (CII) here. "While projecting the positive side we should not gloss over the economic and social challenges that India faces," he said. India has five distinct characteristics that need to be taken into account. First, its multi-layered diversity in caste, religion, region and language, and marketers who have not understood this have come to grief, he said. Second, its evolving society. Though today India is known as the IT capital and the second largest wheat producing country, just 40 years ago it was thought to be a "basket case'' agriculture economy and part of the PL 480 programme (a US global food aid programme). Third, its aggregated Brand India. Rather than looking to brand India, it was more important to brand the building blocks. India has a large number of sub-brands such as Brand Bangalore, Brand Tirupur or Brand Ludhiana, which aggregate to the larger animal, Brand India. Other cities/town and States must build their own identities that would all add up to Brand India. Fourth, its transition-in-progress state. A fundamental shift is happening, from an inward looking to an outward looking economy. A great deal of economic shift and political, social, legislative and demographic transition is on, he said. Last, its unique psychology. Mr Ramesh said that companies which have invested only in brand-building and not in quality and price have failed. It is an extremely price-sensitive market. He advocated a BOP, or bottom of the pyramid, approach, which was more suited to the Indian context.
Some Jairam-isms
NOT short of wit and repartee, Mr Jairam Ramesh had the audience in splits with his quick-fire replies and comments. Here's a sample:
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