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b by 2022 ? It is estimated that 10 % of the researchers and 15% of the scientists in pharmaceuticals and biotech Ramp。 Entertainment 49 ? The Software industry in India is witnessing an explosive growth and expects to generate US $ 87 b including US $ 50 b from exports by 2022 ? More than 150 global business giants have set up research and development facilities in India Some of these firms are GE, Microsoft, TI, HP, IBM, Daimler Chrysler and Motorola ? Bangalore has over 150,000 software engineers and a concentration of hitech panies ? Delhi and NCR is the 3rd largest exporter of Software services from India ? More than 100,000 software professionals enter the Indian market each year Opportunities in Software 50 Opportunities in Software – The China Connection ? China has a worker base equal to India39。 construction sector up to 100 % ? Integrated township development up to 100 % ? Tea plantation up to 100 % India Economic Enablers 45 ? Road length m km Second largest road work in the world ? Railway routes 63,000 km ? Cargo handled 298 m tonnes ? Electricity installed capacity 126,000 MW Sixth in world electricity generation ? Telephone Connections 77 m lines ? Fixed lines (Dec, 2022) m Source: Department of Economics amp。s highly educated workforce, management talent, rule of law, transparency, cultural affinity and regulator environment are more favorable than China39。D for the pany’s Japan centre International Brands Utilizing The Indian Knowledge Base 31 Beiersdorf Problems at beginning: ? Existence of rival pany (Nivea) in the market (personal hygiene market) Reason for success: ? Relative name recognition ? Adaptable Indian staff ? Suppliers who are willing to cooperate ? Immense support in form of technology and knowhow transfer from side of Germans ? Great market potential What is important for businesscollaboration with India? ? Patience and endurance ? Local manager who knows mother pany ? Collection of experience through business connections Case Study of Selected Companies in India 32 Why India? ? Great resources of highly qualified scientists as staff ? Availability of human capital with low labor costs ? Internationality: English language and understanding of European culture (due to British history, existence of numerous institutions, administrations, school etc) ? Economic Policy Case Study of Selected Companies in India 33 “Quite simply, I was blown away by what I saw on my first trip to India” Stephen Roach, Managing Director amp。, has over 12 million customers across India Recently, Bharti has successfully launched an international venture with EL Rothschild Group owned ELRO Holdings India Ltd., to export fresh Agri products exclusively to markets in Europe and USA 26 Success Story of ’S ’s Laboratories was founded in 1984, with a capital of US $40,000 in cash and US $120,000 in bank loan In fact, it is this spirit of entrepreneurship that has shaped the pany to bee what it is today Today, the pany with revenues of US $446 m, in fiscal year 2022, is India’s second largest pharmaceutical pany and the youngest among its peer group Dr. Reddy’s started its drug discovery programme in 1993 and within three years it achieved its first breakthrough by out licensing an antidiabetes molecule to Novo Nordisk in March 1997 With this very small but significant step, the Indian industry went through a paradigm shift in its image from being known as just ‘copycats’ to ‘innovators’! Through its success, Dr. Reddy’s pioneered drug discovery in India Today, the pany manufactures and markets API (Bulk Actives), Finished Dosages and Biologics in over 100 countries worldwide, in addition to having a very promising Drug Discovery Pipeline 27 INTERNATIONAL SUCCESS STORIES 28 MNCs leveraging the India Advantage 29 * FDI INFLOWS TO INDIA 30 ? More than 100 global panies outsource Ramp。s finest panies, and its flagship brand 39。s indirect tax revenues and over 6% of India39。s activities span exploration and production of oil and gas, refining and marketing, petrochemicals, textiles, financial services, insurance, power, tele and info initiatives The Group exports its products to more than 100 countries the world over Reliance Group revenue is equivalent to about % of India39。 Mahindra Amongst top 3 tractor manufacturers in the world ? Telco Amongst top 3 truck manufacturers in the world ? Welspun World’s largest producer of terrytowels ? Gujarat Ambuja Amongst top 5 cement producers in the world 22 Some Indian Examples Benchmarked with the Best In The World 23 Success Story of RELIANCE The Reliance Group founded in 1932, is India39。 Lean Manufacturing part of everyday practice ? Diversified industrial base with supporting ancillary industries ? Overseas acquisitions worth US$ 500 m Manufacturing 15 ? Consistent growth 202204 % 202205 % 202209 % ? Sectors Driving Growth ITES Healthcare Financial Services Education Source:Economic survey, 2022 05 Services 16 Average GDP growth India amp。 Allied : + % per annum Industry : + % per annum Services : + % per annum ? Average Per Capita Ine growth (1995 2022): % per annum ? Inflation down to a single digit level continuously for the last ten years ? Foreign exchange reserves increased from US $ 2 b (March 1991) to US $ 145 b (September 2022) ? Merchandise Exports : +2