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 MD's address to MBA students
Mr. Tarang Jain, managing director. Varroc Group, had an interactive session with MBA students from PIRENS institute on Tuesday the 9th March’10. The topic was “Globalization & its Impact on SME Sector”.
He mentioned in his address, the emerging economy like India can grow equally to other developed countries provided we can create the similar kind of brainpower. The Indian companies are growing the right way, having strong fundamentals & values and eventually will emerge winners with a little more support from the government.
He spoke about the Indian SMEs growth opportunities & also about the threats from China. The Chinese component suppliers have got good support from the Chinese Govt.; where in as per laid down policies the Global OEMs put up manufacturing foot print in China has to indigenous components within the stipulated time period. In Indian perspectives the SMEs don’t have the similar leverage, no major support from Indian Govt. As such the SMEs are facing tough competition from Chinese suppliers. However he shared the assurance of change in sourcing scenario in near future in India as well. The global OEMs start recognizing the brain power and R&D strength of Indian suppliers & focusing more on indigenous souring efforts. The SMEs in India are gradually developing themselves more on technical front to improve their value chain.
He mentioned, India is like an elephant – strong, slow & steady up to now but I think it will run now with help from the government. An elephant with all it’s might & running can beat the Chinese dragon.
He also shared, Varroc success mantra lies in its 8 points priority program which includes Varroc Core Values; Sincerity, Humility, Integrity, Passion & Self Discipline. Varroc is concentrating on enhancing its brainpower than the muscular power.
During Q&A sessions; while students were more curious to their future, he mentioned them to concentrate on their strength points & evaluate what they can give back to the industry. Challenges are ahead but at the same time no dearth of opportunities for the suitable candidate.
In his concluding comments to students; he mentioned, I believe in the strength of my country and its people. I believe that the future belongs to India. Let’s not defend our past, instead attack the future. |
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