The Hindu Business Line : What They Say

People have talked over the past five years about the investment they have put into India and China in research and development (R&D). But if you look at it in totality, it is peanuts...18 months ago, someone was talking about the great investments they’ve made in China in R&D, it was 200 people — and they said we were the biggest. That’s nothing, just a drop in the ocean… I think IPR is an issue.

Simon Friend, global pharmaceutical industry leader, PwC, commenting on whether the pharma industry was leveraging emerging economies enough, in ‘Businessworld’

India has multiple advantages over countries like China or other Asian or Latin American countries that are emerging as outsourcing hub. In the recent past, India Inc has been able to establish its brand in the international market. Its extraordinary quality of human resource and domain knowledge clearly puts it in an advantageous position.

Bruce Chizen, President & CEO, Adobe Systems, in ‘ www.ibef.org’

SBI has become so nimble that when Tata-Corus did not get that last bit of $1 billion funding, we sanctioned it in five minutes. Recently, we did Rs 12,000 crore. No bank in the world can do this kind of funding in 5-10 minutes. We have been doing it.

O.P.Bhatt, Chairman, State Bank of India, in ‘ www.msn.co.in’

To me, innovation is the process of coming up with ideas and bringing them to life. Any time you come up with an idea and implement it, you have essentially innovated. Not all ideas are commercially viable but, nevertheless, they are innovations.

Robert Tucker, President, The Innovation Resource, while defining innovation, in ‘Business Standard’

… we do know enough to say that the crisis has not been well handled by those responsible: the government and the city authorities.

Richard Lambert, Director-General, Confederation British Industry, UK, commenting on the recent run on Northern Rock bank, in ‘news.bbc.co.uk’

Raising cash requirements creates a distortionary impact on the economy and is needed only when there is a sudden sharp spike in dollar-buying by the central bank, not gradually as it is happening now

Indranil Pan, Kotak Mahindra bank, in ‘in.reuters.com’