"Just look at all the Indians who are emerging at the top in multinationals"
Colin Sharman,Worldwide Chairman,KPMG International.
Anil:
Thanks for that article on UTI and the Fund called US64, quite informative, now I know the problem they are facing as I didn't read the other articles in various publications regarding this issue. Looks like as long the government is successful in calming the fears of the investors and avoid a run on the fund they should do O.K. I heard the NAV is a bit below par value on account of their disproportionate exposure in the equity market in this volatile markets.Certainly worth watching what develops.
==========================
Now some interesting thoughts on what India should be doing to exploit the full potential of the country by the Chairman of KPMG Intl,Mr.Colin Sharman.
---------------------------------------------------------------------
Source:The Economic Times.
India should move from basic industry to services
Sudeshna Sen
--------------------------------------------------------------------------------
MUMBAI 18 OCTOBER
INDIA'S future lies in exploiting its intellectual capital and services. Colin Sharman, worldwide chairman of KPMG International, feels that India should accelerate its move from basic industry to services. ''Yes, you have a long way to go on infrastructure, and you will need cement and bricks, but you are not doing enough to exploit your intellectual capital. Your expertise is proven, and the leadership skills are there," said Mr Sharman.
In the UK, Mr Sharman said, basic industry has gradually given way to a bias towards services, and India has the potential to move in the same direction. In the UK, the entire mining industry today employs less people than KPMG International, one of the world's Big Five audit and consultancy giants. ''Technology is impacting more of the world, and it is coupled with a global shortage of ample skilled resources. Technological and IT expertise is not all that you have, but you have it in spades," said the peripatetic Mr Sharman in an hour snatched from a day's trip to the country. ''Just look at all the Indians who are emerging at the top in multinationals," he added.
economictimes.com |
