India can be great for manufacturing
THE WEEK India|June 25, 2023
INTERVIEW: Nadir Godrej, chairman and managing director, Godrej Industries
NACHIKET KELKAR AND DNYANESH JATHAR
India can be great for manufacturing

Q/ Covid caused a lot of disruptions, followed by geopolitical tensions, rising cost pressures and slowing economies. How have your businesses navigated these challenges?

A/ During the pandemic, we responded quickly. Factories started producing within two or three weeks, largely because workers lived in factories. We vaccinated all our employees, some family members and other associates of the company, and there was a very good response to that. So, during the pandemic, work was not affected much.

The Ukraine-Russia war caused a commodity boom, but that is also over now. The high prices of the commodities affected us when some of them were raw materials. When these were commodities we were producing ourselves, like palm oil, it was actually a benefit. But now that is also over.

The war was bad for Ukraine. But for India, there were opportunities like getting cheap oil and selling refined petroleum products at a big margin. So India has not been very badly affected. It is one of the fastest growing economies. Another economy that we operate in, Indonesia, is also doing well. The developed world and a lot of the developing world are in bad shape. But there are these intermediate economies, which are not so bad. China was badly affected by the pandemic. Now it is slowly recovering, but the Chinese recovery is not really very good, even today. So it is actually a big opportunity for India and Indian businesses.

Q/ What is your assessment of overall economic trends? And what is the growth outlook for Godrej companies?

Denne historien er fra June 25, 2023-utgaven av THE WEEK India.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra June 25, 2023-utgaven av THE WEEK India.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE WEEK INDIASe alt
The female act
THE WEEK India

The female act

The 19th edition of the Qadir Ali Baig Theatre Festival was of the women and by the women

time-read
4 mins  |
November 24, 2024
A SHOT OF ARCHER
THE WEEK India

A SHOT OF ARCHER

An excerpt from the prologue of An Eye for an Eye

time-read
2 mins  |
November 24, 2024
MASTER OF MAKE-BELIEVE
THE WEEK India

MASTER OF MAKE-BELIEVE

50 years. after his first book, Jeffrey*Archer refuses to put down his'felt-tip Pilot pen

time-read
4 mins  |
November 24, 2024
Smart and sassy Passi
THE WEEK India

Smart and sassy Passi

Pop culture works according to its own unpredictable, crazy logic. An unlikely, overnight celebrity has become the talk of India. Everyone, especially on social media, is discussing, dissing, hissing and mimicking just one person—Shalini Passi.

time-read
2 mins  |
November 24, 2024
Energy transition and AI are reshaping shipping
THE WEEK India

Energy transition and AI are reshaping shipping

PORTS AND ALLIED infrastructure development are at the heart of India's ambitions to become a maritime heavyweight.

time-read
5 mins  |
November 24, 2024
MADE FOR EACH OTHER
THE WEEK India

MADE FOR EACH OTHER

Trump’s preferred transactional approach to foreign policy meshes well with Modi’s bent towards strategic autonomy

time-read
4 mins  |
November 24, 2024
DOOM AND GLOOM
THE WEEK India

DOOM AND GLOOM

Democrats’ message came across as vague, preachy and hopelessly removed from reality. And voters believed Trump’s depiction of illegal immigrants as a source of their economic woes

time-read
4 mins  |
November 24, 2024
WOES TO WOWS
THE WEEK India

WOES TO WOWS

The fundamental reason behind Trump’s success was his ability to convert average Americans’ feelings of grievance into votes for him

time-read
3 mins  |
November 24, 2024
POWER HOUSE
THE WEEK India

POWER HOUSE

Trump International Hotel was the only place outside the White House where Trump ever dined during his four years as president

time-read
2 mins  |
November 24, 2024
DON 2.0
THE WEEK India

DON 2.0

Trump returns to presidency stronger than before, but just as unpredictable

time-read
5 mins  |
November 24, 2024