Maharashtra government’s Dharavi development policies need to be fair to the residents

Reacting to the government policy, Babo Rao Mane, President, Dharavi Bachao Samiti & Ex-MLA Shiv Sena told B&E, “We are totally against it and will wage a war against this injustice. The families residing here should get a minimum of 400 square feet each. We have 1,50,000 families living here, but only 67,000 are getting an apartment, which is unfair to the others.” The builder mafia is ferociously ambitious to grab this prime land (worth $10 billion) and convert the garbage dump into a gold mine. The lure for lucre is so great that foreign builders, Emaar & Al- Nakheel (from Dubai), an investment fund from New York and our domestic giants Reliance, DLF, Larsen & Toubro, HDIL et al, are vying to have a piece of cake. Talking about the bids, Ashok Kumar Gupta, Director, HDIL said to B&E, “We are looking forward to the bids for rehabilitation of Dharavi slums. We have a strong presence in Mumbai and our company has several on-going slum rehabilitation schemes.” Babo Rao Mane however feels that, “The government has sold out to the builders lobby. Earlier, government said that they will take the consent of 70% people at Dharavi, but then conveniently broke this promise. Government is resorting to dadagiri.”

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Make a smart choice

Being smart isn’t that easy and so it was for the smart phone. Initially being mistaken for fancy looking cell-phone when it was introduced a decade back, it appears that its true identity revealed, has created a wide consumer base to match its genius like capabilities. To use this marvel merely for texting or calling your loved ones would be simply blasphemous! More of a computer with cell phone abilities & not vice versa, the ‘smart’ title is justified by their capabilities for data processing, e-mailing, organising & in some cases wireless connectivity features. Smart phones have become an integral part of our lifestyles.

According to Gartner analyst Todd Kort, “Global PDA shipments exceeded 5.1 million, up 39.7% compared with 1Q06. 71% of all units shipped had integrated cellular capabilities.”

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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SREI International Finance Ltd

Well, this confidence is not all about great financial numbers. It also stems from the fact that SREI has excelled in an area that the larger banks haven’t really entered with a focussed aggression the way SREI has (more on that later). But with the Prime Minister saying that $320 billion is needed for infrastructure in India over the next 5 years, Kanoria admits, “It’s not just one company SREI that would be in a position to capitalise; there are so many other companies who can just come in.” And if larger banks, particularly post-2009, get more active in this segment, it could be indeed difficult for SREI to retain its pole position. The main reason is that banks have much cheaper access to capital & can wreak havoc with SREI’s margins. Its sources of funding are basically restricted to wholesale funding, securitisation & equity issuance. And rising interest rates would make its job even tougher, as it may not be possible to pass on the increase to the customer. Is the company in a position to sustain its dream-run amidst such environmental uncertainties?

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

..are prominently bright

CIA reports reveal that, Poland had received $100 billion FDI (foreign direct investment) and inflow of FDI has exceeded over $10 billion in 2006 alone. The country is now known as ‘Flying Eagle of Europe’ due to its sustained remarkable economic performance. Poland boasts of 99.8% literacy rate. Rapid growth of privatisation has generated a whopping 300,000 jobs last year. Exports for the year 2007 are estimated to cross 100 billion euros!

With increase in entrepreneurial energies & private sector’s role in the economy, the magnitude & momentum of growth will only head North Pole!

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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