Baba Kalyani Quotes
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The commodity price easing really does not play too much role in our margins because our basic raw material - steel - is not really a commodities engineering steel.
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The emphasis on innovation and technology in our companies has resulted in a few of them establishing global benchmarks in product design and development, manufacturing practices and human resource capabilities. However, there is no room for complacency.
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So far, the general perception, including the perception in India, was that we are not capable of using high technology. They simply refused to believe an Indian can do it! I somehow was not ready to accept that this is not possible.
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In the U.S., we didn't have scale, and without scale, it's difficult to operate.
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Fundamentally, we have broken our aerospace business into three parts - large parts which go into the wings and fuselage, components for jet engines, and specialised structural components for landing gear.
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In 2006, the global economy was doing well. In India, the political and economic situation was stable. All key macroeconomic indicators reflected an economy that was in robust good health.
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The advantage comes out of the capability of Indian engineers and the competitiveness of their capabilities and the cost at which they can create those capabilities.
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If my strength is technology, financial structuring is my son's skill.
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I don't think one party has a bad vision over the other party. I have no doubts that every Indian and every Indian political leadership would like to see this country get to a much better level. We would all like to see inclusive growth.
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We are working with the power industry all over the world. We are meeting customers in aerospace and getting them to tour our plants.
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From an operational perspective, exports challenge companies to design, develop, manufacture and supply products to discerning customers in global markets. This, in turn, motivates companies to scale up the value chain, which results in higher realisations.
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We book our exports forward for more than a year, and so we have a fixed rate. We do not get the spot rate that we see in the market every day.
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I am a very hands-on person, and I like to be involved in driving my business.
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Subsidies on petroleum products and fertilizers should be phased out in a defined, time-bound manner. The resources that would get freed up could then be used to fund various social sector programmes in education, healthcare and other priority sectors.
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Politicians said that with our cheap labour, we could be competitive in the world. Nothing could be further from the truth. We were the most uncompetitive country with that cheap labour.
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We are a heterogeneous society. We have to accept that. Growth has to be such that the most backward sections also benefit from it. Otherwise, it will be a very imbalanced growth.
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The most important part of any acquisition is your ability to culturally integrate the people in the companies you acquire and your company.