Global Gaints

An engineer by education, Rajendra is known to be the mind behind the administration, finance and shipping operations at Gokaldas. His decision making skills have taken his company to new heights. Today, Gokaldas boasts of exporting to various global giants like Banana Republic, GAP, Old Navy, Nike and Reebok, among others. With this Blackstone interest, it sure seems that Rajendra Hinduja’s global ambitions have received a much needed shot in the arm, in the face of problems due to a rising rupee and keen competition from other low cost nations. On the other hand, A.M. Naik, Chairman, Larsen & Toubro (L&T) has been busy laying down expansion & diversification plans for the nation’s largest construction and engineering firm. L&T has recently announced their plans to invest around Rs.400 crores ($4 billion) in a three million tonne alumina refinery based in Orissa, which will be a joint venture with Dubai Aluminium Company. L&T will have a 26% stake in this venture whose first plant with a 1.5 million tons capacity is expected to be functional by 2010. Further, the company intends to raise Rs. 2800 crore ($700 million) through a Global Depository Issue (GDR) to build a new shipyard. To ensure smooth operations, L&T will also develop a Special Economic Zone (SEZ) for the shipyard facility and another for engineering services.

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Source : IIPM Editorial, 2008

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