...and socialist compulsions!
The
Manmohan Singh-Prakash Karat stalemate over the nuclear deal brought out the divergent views inherent in the Indian democracy. Similarly, the 4Ps B&M newsmakers this fortnight are all advocates of widely different economic agendas. Nevertheless, each of them have left an indelible impression on the Indian business world. First on our list is the Indian textile industry stalwart, Rajendra J. Hinduja, Managing Director, Gokaldas Exports. After achieving a whopping sales figure of Rs.1000 crore (Rs.10 billion), his company has attracted the world’s largest private equity fund, Blackstone’s interest. After considering a pool of textile companies, Blackstone recently zeroed down and picked up 50% share in Gokaldas Exports for nearly Rs. 660 crores (6.6 billion). In this regard Vivek Hinduja, CEO-Marketing, Gokaldas Exports told 4Ps B&M “This deal is not because of any problems in operations of our company, but funds are always welcome.” Besides, this deal will enable Gokaldas to tap vast opportunities globally and to also compete with well established Chinese companies, who are currently at the top in the global textile business.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
The
Manmohan Singh-Prakash Karat stalemate over the nuclear deal brought out the divergent views inherent in the Indian democracy. Similarly, the 4Ps B&M newsmakers this fortnight are all advocates of widely different economic agendas. Nevertheless, each of them have left an indelible impression on the Indian business world. First on our list is the Indian textile industry stalwart, Rajendra J. Hinduja, Managing Director, Gokaldas Exports. After achieving a whopping sales figure of Rs.1000 crore (Rs.10 billion), his company has attracted the world’s largest private equity fund, Blackstone’s interest. After considering a pool of textile companies, Blackstone recently zeroed down and picked up 50% share in Gokaldas Exports for nearly Rs. 660 crores (6.6 billion). In this regard Vivek Hinduja, CEO-Marketing, Gokaldas Exports told 4Ps B&M “This deal is not because of any problems in operations of our company, but funds are always welcome.” Besides, this deal will enable Gokaldas to tap vast opportunities globally and to also compete with well established Chinese companies, who are currently at the top in the global textile business.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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