The automotive industry is now turning to India for manufacturing low-cost, high-quality components.
bq. “Carmakers Around World Are Turning to India for Parts”:http://www.nytimes.com/2003/06/20/business/worldbusiness/20PART.html: The demand has come even from China, a rival to India in low-cost manufacturing. And the orders are flowing throughout India’s auto parts industry, to subsidiaries of Ford, General Motors, Toyota Motor and other major carmakers; to global auto parts leaders like Delphi and Visteon; and to homegrown auto parts makers, including Bhart Forge and Hi-Tech Gears.
The auto parts exports is not comparable to the software industry yet. They are only 0.1 percent of the 1 trillion auto parts industry. The competition now is with countries like Mexico and Brazil which are the other low-cost manufacturing centers for auto parts.
A side effect of this globalization could be an improvement to the Indian legal system to provide stronger support for international business contracts.
Author: जयकृष्णः | ജയകൃഷ്ണൻ
Reading Update
“niraj”:http://www.nirajweb.net/mt/niraj/archives/001584.html has posted an update on what he is reading these days. So here is my list.
The book I am reading now is “Lexus and the Olive Tree”:http://www.amazon.com/exec/obidos/ASIN/0385499345/jksobservat-20/102-6833280-6166532 by Thomas L. Friedman. According to Friedman, Globalization is now the dominant system that is controlling nations and companies.
The next book in line is “Eminent Historians”:http://www.amazon.com/exec/obidos/ASIN/8172233558/jksobservat-20 by Arun Shourie. This book is an expose on various historians who wrote the history books we learned in school.
While I was in India, I read “Chasing the monsoon”:http://www.amazon.com/exec/obidos/ASIN/0805020527/jksobservat-20 by Alexander Frater and “Ignited Minds”:http://www.amazon.com/exec/obidos/ASIN/0143029827/jksobservat-20 by APJ Abdul Kalam. I will post the book reviews soon.
Besides this I have to read “seven titles of the Asterix collection”:http://shopping.rediff.com/shopping/books/asterix.htm. This blog never got into Harry Potter, even after two attempts. So it will be sitting out through the current Phoenix frenzy.
Monsoon Advances
The monsoons which hit India every year had two arms. One arm progresses along the west coast and the other through the east coast. Both of them start off at the same time. Both these branches are now “actively moving”:http://www.rediff.com/news/2003/jun/18rain.htm up the country bringing in rains to most of the states including “Rajasthan”:http://www.hinduonnet.com/thehindu/holnus/02192019.htm.
Usually one day in a year, the rains hit real bad in Mumbai submerging railway tracks and thus bringing the city to a complete standstill.
“Heavy rain throws life out of gear in Mumbai”:http://economictimes.indiatimes.com/cms.dll/html/uncomp/articleshow?msid=33379
bq. “I could not even get on a train because people were hanging on to windows, doors and roofs,” said Manu Kumar, a stock market analyst, who returned home after trying to get on a train for more than an hour.
The next major city awaiting rains is Delhi.
Pritish Nandy, another liar
Pritish Nandy consumed by jealousy against rich NRIs writes:
“Pampering the prodigal son “:http://www.sulekha.com/redirectnh.asp?cid=311582
bq. The truth is: they have nothing to offer us. The $ 80 billion we have in our reserves have not come from them. It has come from foreign investors who see a future in India. All we get from our NRIs is gratuitous advice and boastful success stories that we can easily do without. They need India. India does not need them.
The truth is:
“Mayawati invites NRI investment in UP”:http://in.news.yahoo.com/030604/139/24vid.html
bq. “I have come here because in Uttar Pradesh my government has started many schemes to initiate various businesses. People of Indian origin staying here in the U.S. and the state (Uttar Pradesh) will be able to benefit from this,” Mayawati added.
“Budget seeks to boost NRI, FDI inflows”:http://www.rediff.com/budget/1998/jun/01bud07.htm
bq. The Union Budget for 1998-99 announced several measures to revive the economy and encourage non-resident Indian and foreign investment to meet the possible shortfall in resources resulting from sanctions imposed by the United States and other industrialised countries in the wake of five nuclear tests conducted by India last month.
“India seeks NRI investment in highways, IT “:http://216.239.41.100/search?q=cache:j8Kz3Y1b5wAJ:news.sawaal.com/09-Jun-2001/National/8.htm+NRI+Investment+INdia&hl=en&ie=UTF-8
bq. India on Friday invited foreign investments by NRIs in the field of highways, oil exploration, information technology and power projects and assured them all possible support.
“Homeward bound”:http://www.the-week.com/22feb10/biz4.htm
bq. They are pouring money into India, especially into the real-estate market. Since the September 11 attacks in the US, investments in Indian markets have gathered pace. NRIs have pumped in a major chunk of the $1.75 billion India earned in forex between October 26 and November 30 last year. NRIs accounted for 16 per cent of the foreign investments in India in a year.
I did not expect that Pritish Nandy would turn out to be another liar like Praful Bidwai.
Suicides
According to a Reuters report, suicides are on a decline around the world. But it has been increasing in countries like Russia, Australia and Ireland.
“Suicide Rates Fall in Many Countries, Rise in Some “:http://www.sulekha.com/redirectnh.asp?cid=311564
bq. “It is almost impossible to find a common cause for all the different trends across regions and countries, but certain factors like socioeconomic instability, unemployment, easy access to means of committing suicide, mental disorders and substance use disorders are those commonly implicated,” he said.
Another place where suicide rates are rising in an alarming rate is the land of 100% literacy, Kerala. In May 2002 the average suicide rate was 27 per day.
Continue reading “Suicides”
Fakes
Last October, there was an announcement of the discovery of a light brown limestone box of the type commonly used for burials in first-century A.D. in Jerusalem. This box supposedly contained the bones of James, the brother of Jesus. Another important discovery was that of the Jehoash Inscription, a 2,800-year-old account of repairs made to the Temple in Jerusalem. But finally,
“Gold Dust And James Bond”:http://www.archaeology.org/magazine.php?page=online/features/ossuary/index
bq. Based on these results and a combination of epigraphic and historical considerations, the commission concluded that both inscriptions are modern fakes, engraved on authentic artifacts and covered with a carefully prepared mixture to imitate patina and to make them look centuries old.
Luggage received finally
British Airways finally delievered the “lost luggage”:https://varnam.org/archives/000114.html yesterday. One bag was delievered at 10 am. The other at one hour past midnight. They still operate as per GMT.
River Linking – II
“Monsoon Rains Displace 400,000 People in India”:http://ens-news.com/ens/jun2003/2003-06-17-01.asp
bq. With some railway lines submerged, transport links to the district have been disrupted forcing people to use makeshift boats and rafts of banana leaves and bamboo to get around. The International Red Cross says its volunteers are also using such rafts to distribute relief supplies to those who have been affected, including food provided by the government.
This is an annual phenomena. While one part of the country is submerged under water, other parts of the country would be reeling under the heat wave without any water. In his book “Ignited Minds”:http://www.amazon.com/exec/obidos/ASIN/0143029827/jksobservat-20, APJ Abdul Kalam writes on his visit to Tezpur University in Assam.
bq. When I finished giving autographs I faced two interesting questions. One was: “Why cannot water from the Brahmaputra, which is in flood much of the time, be diverted to Rajasthan or Tamil Nadu which are starved of water?”
And his reply to the student was that India needs to connect its rivers across state boundaries. The present Government has started the “river linking project”:https://varnam.org/archives/000074.html under a directive from the Supreme Court.
Sulekha Weblogs
Last week I visited the offices of Sulekha.com in Chennai. I have been a regular “columnist”:http://www.sulekha.com/columninfo.asp?cid=113166 there for almost two years now (with occasional six month breaks). This was the first time I was seeing the human beings with whom I had interacted via e-mail over the years. One piece of information I got while I was there was this – Sulekha has launched a weblogs section. Please “take a look”:http://www.sulekha.com/weblogs/ and send your feedback.
How Globalization can eliminate Bandhs
“How BPO is changing India”:http://www.sulekha.com/redirectnh.asp?cid=311406
bq. One Bangalore bandh over Cauvery waters sent shock waves through the industry (a call centre should normally never close down), bringing forth so many queries from clients that chances are the political class will in future decide never to have bandhs.
Yet another evil of globalization. You will have to change your work culture, else due to the “democratization of finance”:https://varnam.org/archives/000117.html, the investment meant for your country can easily go to another country. That was why the IT minister of Karnataka told this to the Nasscom BPO Summit, “We will accept whatever your recommendations are and adapt our policy to the changing times”.