But the more worrisome issue for India is that we could keep on debating abou
t why developed countries should reduce emissions et al, and it won’t be far when the First World simply Clamps down on Third World products that do not confirm to pristine emission norms! In the contemporary world, they call it an industrial embargo! The issue becomes sickeningly critical as Indian companies in the recent past have now made it more a habit of investing (or wasting) billions of dollars to takeover old-age companies that are at the ends of their technology life cycles. From the Tata-Corus (steel) deal to the Birla-Novelis (aluminium) acquisition – the two largest deals in India – even India Inc. seems to not realize that these M&As are being done at a time when foreign companies are moving towards blatantly new age realms. Companies like GE, DuPont, IBM, Toyota, BP and scores of others have successfully initiated green business opportunities.
For Complete IIPM Article, Click on IIPM Article
t why developed countries should reduce emissions et al, and it won’t be far when the First World simply Clamps down on Third World products that do not confirm to pristine emission norms! In the contemporary world, they call it an industrial embargo! The issue becomes sickeningly critical as Indian companies in the recent past have now made it more a habit of investing (or wasting) billions of dollars to takeover old-age companies that are at the ends of their technology life cycles. From the Tata-Corus (steel) deal to the Birla-Novelis (aluminium) acquisition – the two largest deals in India – even India Inc. seems to not realize that these M&As are being done at a time when foreign companies are moving towards blatantly new age realms. Companies like GE, DuPont, IBM, Toyota, BP and scores of others have successfully initiated green business opportunities.For Complete IIPM Article, Click on IIPM Article
ttSource : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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