Saturday, May 9, 2009

Links and Books: India's Global Powerhouses How They Are Taking On the World

Books on India’s emerging role in the new world order seem to be appearing at regular frequency. Not surprising, given the continual interest in China-India, BRIC and other economic power blocks where India Inc. is generally included. The recent book -India's Global Powerhouses: How They Are Taking on the World- seem to be generating its share of buzz. Not surprising, given the pedigree of the authors: Nirmalya Kumar is a professor of marketing at the London Business School.
A few recent reviews, blogs and links
  • Book promo website: a community forum for people interested in India Inc going global
  • Passage from India (FT): Kumar devotes his attention to conspicuous successes. They are the handful of Indian companies that have taken their businesses global.
  • For Indian Companies, It’s Globalization as Usual (Interview with Strategy and Business): Kumar believes that many of India’s largest companies are poised to expand into international markets and become true multinationals. Concerns have been raised about India’s accounting standards following the scandal at Satyam Computer Services Limited, a well-respected outsourcing outfit whose founder admitted to inflating the company’s financial statements by upward of US$1 billion. Yet even that blemish, says Kumar, will ultimately benefit ambitious Indian companies as they seek to improve corporate governance.
  • Imagining India's global powerhouses (LBS): Professor Kumar, co-director of the India Centre, explained that his book's inception began with a phone call from an unknown manufacturing company in India, and a request that he lead a session for the company's employees.
  • Nirmalya Kumar - Videos
  • Stephen’s Posterous Book Review of India’s Global Powerhouses: The book cannot help but suffer from pre-global financial crisis optimism. The pulsating momentum the author outlines has been checked. For instance, the breathtaking acquisitions by Tata Group of Anglo-Dutch steelmaker Corus and British car marques Land Rover and Jaguar now look expensive and daunting.
Note to self: add the book to my summer reading list. I`ve got to check out if Welspun-Gujarat Stahl Rohren Ltd that I blogged about got a mention in the book.