India gives world a wake up call with Corus deal - Instablogs
India gives world a wake up call with Corus deal
Pratyush , New Delhi: Feb 1 2007
Made Popular Feb 1 2007
India :

India gives world a wake up call with Corus deal

I have read about an Incident here that almost a decade ago, since Prince Philip had looked with his arrogant stare on a clapped-out fuse box in an Edinburgh electronics factory. He had said that it looked as though “it had been put in by an Indian”.

Indians have got these kinds of disparaging remarks most of the time in world as President A. J. P. Kalam has also acknowledged this in his visionary book India 2020.

And now, the future of more than 24,ooo steelworkers is in hand of Indian Steel giant Tata group. Corus, formerly British Steel, has been accepted a £6.2 billion bid from Tata.

With this bid, the day must be called as seismic day when corporate India slammed its fist on the global table of trade. India is now asking the world to take it seriously.

One cannot see this deal as mere a sale; it was more than sale as it can be termed as greater Indian audacity and daring.

Tata is almost five times smaller than Corus but you can feel the volumes of ambition rising in corporate India.

India’s economic miracle reached a wider stage that the fate of 24,000 British employees of Corus now rests in Indian hands.

Britain has shown the reluctant approach to catch on to the Indian growth story. Some other countries are doing much better to exploit the Indian growth.

Lord Bilimoria of Chelsea, an Asian peer of Cobra Beer, had come to India with a delegation of at least 150 English traders and asked for new business opportunities in India.

Now, the British ministerial group has planned to visit India this year to see the new Indian reality with naked eyes.

For many in India, it is a question of attitude. The recent Celebrity Big Brother race row was treated with a mature disdain in India. An article published in an Indian newspaper says as how it is possible that Britain still holds such backward, Luddite, frankly embarrassing views about India.

Britain has just failed to acknowledge the fundamental changes happening in India.
In 2006, it happened for the first time in India that more money flowed out of India than in. The corporate India has all been on the creeping around for European and American companies.

Here is some data about the India’s developmental approach to make its presence at the global level.

# India Brand Equity Foundation says that India has become the 3rd largest investor in Britain.

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In a single year, India went five places up in the list.

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Tata is probably the single biggest investor, which already invests, in 16 British companies, employing more than 3,000 people.

In 2006, India doubled the customers’ base of mobile phone connections from 75 million to 150 million. Now, the global players such as Vodafone are trying to make its presence in India.

By the year 2010, China and India combined graduates would be 12 times the number of engineers, mathematicians, scientists and technicians as of American graduates.

Now, the time has been come that world should realize that despite of number of social, political and developmental problems, India is going great and the almost double-digit growth story is being appreciated by the global players. Furthermore, The Tata’s takeover of Corus has sent a wake up call all over the world.

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