Business Daily from THE HINDU group of publications
Friday, Sep 28, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Marketing - Brands
Industry & Economy - Events
Brand India gets a special boost

Corporate top honchos positive on potential



Mr Arun Sarin

Rasheeda Bhagat

New York, Sept. 27 Brand India received a special boost on Wednesday at one of the panel discussions of the ‘Incredible India@60’ campaign, organised by the Confederation of Indian Industry along with 8 Central Government Ministries in New York, when the Vodafone CEO, Mr Arun Sarin, said that his company wouldn’t have invested $11.5 billion, “the largest single investment in India (in Hutch) if we didn’t believe India was a terrific market to invest in.”

“I haven’t met a single CEO from Fortune 100 companies who doesn’t have operations in India. One thing is clear — you’re going to stay away from India at your own peril,” he added.

Only a day earlier, the Cisco chief, Mr John Chambers, had proclaimed that he believed India was the best country in the world for a strategic and long-term partnership.

(In an informal chat with journalists, the Infosys Co-Chairman, Mr Nandan Nilekani, had later said that Chambers deserved an award from India for building “India’s brand so effectively”.)

Mr Sarin said the Indian market was very competitive and the Indian consumer “very discerning and demanding”, so low-cost operations had to be combined with high-efficiency levels. “But what has surprised me most there is the quality of the people. Whether it’s a marketing or technology person, they are outstanding; if you are getting a general manager, he knows how to manage. They’ve all been educated and trained very well.”

A combination of all these factors — mobile payment, distribution, cost management — had given his company the opportunity of taking “many great new ideas” out of India into the rest of Vodafone’s markets around the world. He was very happy to find that Hutch was a “very well-run company, and we didn’t need an overhaul in either management or systems.”

Addressing the discussion titled ‘Brand India – what next?’, Mr Nilekani said the IT industry had played a huge role in establishing India’s brand.

Role of IT

From a mere $50-million industry in the “make-or-break year of 1991”, it had grown into a $30-billion industry that employed 1.5 million people and accounted for 3 per cent of India’s GDP. “We hope to become a $60-billion industry in the next 4-5 years. IT has indeed played a huge role in building India’s brand and creating confidence in clients.”

He added that three years ago business leaders in the CII had felt that India needed a “more visible-high impact” brand exercise, and the result was the “India Everywhere” campaign in Davos in 2006.

Mr Nilekani added that the India brand needed to be developed at various levels; a “soft brand” would be that which was connected with either Bollywood, or niche tourism aspects such as yoga, Ayurveda, something that Kerala had done with success. Another kind of brand projection would have to be that of a resurgent, confident nation that was a free market and a strong and resilient economy.

The Tourism Secretary, Mr Amitabh Kant, recalled his experience in transforming the Kerala brand from one of “only beaches where planeloads of British garbage collectors came and occupied hotel rooms at £15”, to ‘God’s own country’ which attracted the high-spending international visitors.

But building ‘Brand India’ to push tourism was a far more complex game and various State Governments would have to work towards building their own brands.

Sir Martin Sorrell, CEO of WPP group, said he was amazed by the “immense confidence” of the youngsters in India and the rate at which the country was growing, one of the “most difficult factors that the US and Europe would have to get used to is that they will no longer be the dominant economies in the years to come.”

More Stories on : Brands | Events

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Telecom cos offer common schemes for pre-paid, post-paid


World Phone offers new Net telephony plans
Amul trademark case: Gujarat HC upholds ruling
BSNL to revamp branding strategy
Samsung hopes to strike it rich with festive sales
Idea music extravaganza
Future Group pact with Neo Sports
Brand India gets a special boost
India-Australia ODIs: Neo Sports aims at Rs 130-cr ad revenue
Social networking site iYomu for ‘elders’
Texas unveils Wave 2 software
RingCube to offer virtual Pocket PC
Max NY Life launches ‘Smart Steps’
Airtel Broadband launches Rs 99 plan
Titan launches heritage collection
New Nokia E-series model


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line