ANISH SHAH, GROUP CEO AND MD, MAHINDRA & MAHINDRA; AND FICCI PRESIDENT
What are your expectations from the upcoming interim/general Budget?
The last two Budgets were very positive, as economics was at the forefront much more than politics. While we do recognise the realities of politics, we hope that economics continues to stay as much at the forefront as possible.
Do you think Indian firms have the potential to emerge as global leaders in certain sectors and should be helped through certain enabling policies? If yes, which are these sectors?
There are multiple sectors. This is one big change that we are seeing in the last five to seven years. Several domestic companies are creating products that are winning in India versus global competitors by a significant margin. The next step is to be able to take these products around the world and we will have to win around the world. The starting point is can we win in India? Just take the example of the automotive industry. If you look at SUVs, I will bring the Mahindra example here just see what has been done with the XUV 700, the Scorpio and the Thar. These are the products that have been built in India with R&D spent in India, and are winning against all the global majors by a very big margin. Our next goal is to take it to countries around the world and have market leadership in those countries as well. Similarly, other companies in India are building world-class products.
The government is doing heavy lifting in capex. Why is private investment not picking up?
Esta historia es de la edición December 12, 2023 de Financial Express Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 12, 2023 de Financial Express Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?
GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.
Nestle adds sugar to infant milk and cereal, finds report
A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.
India-made Daimler's electric mini truck to hit the road soon
INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.
Samsung eyes ₹10,000 cr from India TV biz this year
SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.
Microsoft AI Copilot speed boost for coding
WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.
US, China debt pose risks for global public finances: IMF
THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.
Language models in consumer tech
This move is designed to ensure better user experience & privacy
'Data centres' energy use doubles every four years'
Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.
Vi FPO: Foreign players invest big; about ₹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion
