Articles tagged with: India
I was recently invited by one ‘Fitness company’ to advise them on how to cut the losses. One of the ways devised by them were to appoint franchisees so that they can have economies of scale for buying equipments and marketing expenses. Now that the company had decided to expand through franchisee route, the whole focus of the said company was to find people, though acquaintances or any other other means who would be their potential franchisees. I had no problems in this strategy, which perhaps was a good and viable option. However, I was my concern was they were missing an important piece when you are expanding your business. In my assessment, they needed to expand their bandwidth at the top and it was necessary to think about composition and functioning of the board. The kind of milestones the company intended to reach would be near to impossible to achieve without a proper board.
Few days ago I woke up to the last quarter growth figures, which have plummeted to unexpected 4.7 % in last quarter ending December 2013. As I write, latest news alerts say India’s exports fall by 3.67% in February 2014. I got a feeling that this was coming and perhaps it will be difficult for India to come back to the growth trajectory it witnessed in last two decades. Market analysts are busy attributing this down fall to fiscal Deficit, high inflation, policy paralysis, bank rate and myriad of other reasons.
Thursday, November 26, 2009. Ashoka Hotel, New Delhi. Day 1 of Franchise India 2009 saw scores of enthusiastic entrepreneurs eagerly evaluating various franchise opportunities (300 brands) in India.
Billed as “Asia’s Biggest Franchise Show”, the event came alive in various sections – Brand License 2009, Entrepreneurship Summit ’09, Food & Beverage, Fashion franchising, Knowledge Series, Licensing and Retail.
What aroused our curiosity was the “Entrepreneurship Summit 2009” conference series. Some of the speakers at “Business Opportunities : Specialty Retail” session were:
– Aloke Banerjee, CEO, Rosebys
– Vivek Bali, Group President, Spice Hotspot
– S.Ravikant, COO, Titan Eyewear
– N.P. Singh, Director, Samsonite
– Rajiv Agarwal, The Mobile Store
– Naveen Rakhecha, CEO, Cartridge World
The India Global Summit on MSMEs gets underway on Friday, November 20, 2009 at Hotel The Lalit, Barakhamba Road, New Delhi.
Expect the discussions to revolve around “Building the next generation of MSMEs”, the theme for the summit.
Shri Dinesh Rai, Secretary, Ministry of MSME, is one of the speakers (he was present at the launch of B2B web portal www.nsicindia.com for MSME’s as shown in picture). Other speakers include:
* Arun Maira: Member, Planning Commission
* Pravir Kumar: Joint Secretary, Ministry of MSME
* H P kumar: Chairman & MD, NSIC
* Rakesh Rewari: Deputy MD, SIDBI
* Rana Hasan: Principal Economist, ADB
* Rakesh Singh: Head SMEs, Standard Chartered Bank
Bindu D. Menon (Businessline, The Hindu) reports that Versace, Oakley and Nike Golf are increasing area and product assortments to draw consumer interest in what they consider one of the biggest markets in Asia.
Mr Scott Bowers, Senior Vice-President (Global Marketing and Brand Development), Oakley Inc:
“India is one of the strongest markets in Asia and this is where we are looking to establish our product line.
Until now, we were cautious with expansion but now we will be making a lot of noise.
Now that SMEs can raise funds through NSE/BSE, what more can be done to empower SMEs to drive India’s growth to prosperity?
According to ET Bureau, SEBI’s latest move “can be but one step
towards removing the panoply of constraints that they face on a daily basis.”
Now, SME Business Owners in India can raise funds with their IPOs on NSE and BSE!
This is the latest message from the Securities and Exchange Board of India (SEBI), which announced its decisions through its Press Release “PR No.344/2009”.
NSE and BSE will now be allowed to set-up SME trading platform, which would have lighter eligibility norms for companies initiating public offers: Clause 49 still needs to be complied with, and SMEs can prepare and present financial results on a half-yearly basis (instead of the quarterly requirement).