the3h - Hum Hain Hindustani
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India's higher education system needs drastic changes to address tech-induced challenges | Daijiworld.com, 13 nov 2018
Inflation lowest in year, but it may not be good news | Hindustan Times, 13 nov 2018
Two Indian supercomputers among top 100 supercomputers | The Economic Times, 13 nov 2018
Privatisation and Higher Education in India | Mainstream Weekly, 12 nov 2018
There's a new programme to tackle rural youth unemployment in India | India Today, 12 nov 2018
Is Dr. AI The Upcoming Go-To Healthcare Practitioner In India? | Businessworld, 12 nov 2018
Agribusiness: The latest sector embracing digital technology | Fortune, 12 nov 2018
Online pharmacies are helping to lower health costs in India | The Economic Times, 11 nov 2018
How higher US interest rates hurt the Indian economy | Livemint, 11 nov 2018
Advocates of private healthcare seek 'public' support | DownToEarth, 09 nov 2018
Mohammad Anas Wahaj | 21 oct 2018
According to the report by Prof. Anne Boddington (PVC of Research, Business & Innovation at Kingston School of Art, Kingston University, UK), 'Future of design education in India', India needs to produce 65000 designs annually to satisfy the capacity of indigenous creative industry. The current production is around 5000 per year. Prof. Boddington is working on the development of arts and design education in India and collaborating with Indian Institute of Art and Design (IIAD). She says, 'Design and Art as a field is emerging in India. There is not only a huge opportunity but also a sense of enthusiasm and can-do attitude in Indians for it. But to match-up to the emerging field, there is a need to train teachers first...A design teacher needs to make the student autonomous and increase their level of creativity and understanding.' She recommends that arts and design education should not be limited to creative fields, but should also become part of all fields of learning. She considers critical listening, research, and quality assessment are part of design and art curriculum. According to her, there is a great potential to create interdisciplinary programs where creative skills will be imparted as a part of foundation courses. Read on...
Mohammad Anas Wahaj | 13 oct 2018
Indian corporates that fulfil the conditions of Section 135 of the Companies Act 2013 relating to mandatory spending of 2% of last 3 years average profit on CSR are making a difference in vulnerable communities in India. According to the latest India CSR Outlook Report published by NGOBOX, Reliance Industries, HDFC Bank, Wipro, Tata Steel, NTPC, Indian Oil Corporation & ONGC spent more than their prescribed CSR budgets in FY 2017-18. The report analyzed CSR spends of 359 companies. The prescribed CSR budget of these 359 companies was Rs 9543.51 crore whereas the actual CSR spend was Rs 8875.93 crore (3/4th of total CSR spend in India). There is an increase in the prescribed CSR from 6% to 8% in the actual CSR spend from FY 16-17 and the number of projects have also increased by 25% from the previous year. REPORT HIGHLIGHTS: Maharashtra, Karnataka and Gujarat together received over 1/4th of India's total CSR fund. North-eastern states of Nagaland, Meghalaya, Mizoram and Tripura have received least funds; Public sector contribution is over 1/4th of the total; Oil, refinery and petrochemicals account for alsmost 1/4th of the total while healthcare and pharma contributes the least with just Rs 294 crore; CSR funding on education and skill increased by 50% from last year and is 1/3rd of the total CSR spend; Over 1/4th is spend on WASH (Water, Sanitation and Hygiene) and healthcare projects. Read on...
Corporates spend 50% CSR funds in education, skill development: Report
Author: Sonal Khetarpal
Mohammad Anas Wahaj | 29 sep 2018
As retail in India grows and get more organized, diversity among retail leadership will become visible. Women in retail have a major role to play as women consumers are a big demographic and they have very specific needs and wants. Here are 5 women entrepreneurs who have taken the mantle of leadership in various areas of retail - (1) Farah Malik (Managing Director, Metro Shoes Ltd.): '...Retail had always excited me and I have never regretted the decision of joining the business. The fashion retail industry is extremely demanding and women still often have to make a choice between a family life and a career...' (2) Rashi Menda (CEO & Founder, Zapyle): 'The whole eco-system is very different from what it was 3 years back and I think that the biggest challenge that any woman entrepreneur would face in today's world lack of understanding of one's own abilities...For me, forming a winning team and hiring the right people was the biggest challenge...' (3) Shubhika Jain (Founder, RAS Luxury Oils): 'When I initially joined family business it was difficult for the existing staff to accept a young lady as their head. I had to prove myself to be worthy by way of executing tasks and handling situations in a mature and strategic manner...India has as many as 9% of women entrepreneurs...Yet there are a lot of problems that women have continued to face in this country.' (4) Jagrati Shringi (Co-Founder & CTO, Voylla): 'More women entrepreneurs need to look at the big picture and think about scaling up, sustaining and growing their businesses. Despite extremely talented individuals, there aren't enough women driving big brands...there is a need for more skilled women to look beyond the safety net of IT and other jobs to realise their career goals.' (5) Trishla Surana (Founder, Colour Me Mad): 'While women entrepreneurs form only 3% of the total universe of the entrepreneurs in India, it is welcoming that people are becoming more open to having women as bosses. Also, women today need to focus more on upgrading their skills, understanding interface of design and technology and get as much exposure as they can to achieve their dreams...' Read on...
How these 5 Women Entrepreneurs Are Making a Difference in Retail Industry?
Author: Tanya Krishna
Mohammad Anas Wahaj | 15 sep 2018
India's large size with huge population (1.25 billion), substantial part of which resides in rural and underdeveloped regions, brings both challenges and opportunities for implementing healthcare policies and initiatives, both public and private. Over the years ineffective implementation of such initiatives at various levels, has created lopsided infrastructure and uneven development in healthcare. Indian health system also lacks effective payment mechanism and has a high out-of-pocket expenditure (roughly 70%). Adverse health events (health shocks) have considerable impact on India's overall poverty figures, adding about seven percentage points. Health is associated with the overall wellness of the citizens. Good health reflects on the productivity and growth of the nation. More so in the case of India as substantial population is young. India has more than 50% (about 662 million) of its population below the age of 25 and more than 65% below the age of 35. By 2020, the average age of India's population is expected to be 29 years. Aging of this large population will happen at the same time. Having adequate infrastructure is key to avoid a massive health catastrophe for this elderly population in future. Health is also a key issue in the public policy sphere. In the public policy context healthcare issues are often related to accessibility, affordability, socio-economic disparities, healthcare delivery mechanisms, illness and diseases and their impact on society etc. India have a conceptual universal health care system run by the constituent states and union territories. The biggest challenge is to make it accessible and affordable for the overall population. Read on...
Mohammad Anas Wahaj | 22 jun 2018
According to Korn Ferry's 'The Salary Surge' report, India would be the only economy that will not face an upward revision of wages by 2030, as it has a talent surplus, bucking the global trend of a talent crunch. For organizations around the world lack of highly skilled talent supply will drive up salaries for the most in-demand workers and is expected to add more than US$ 2.5 trillion in annual labour costs by 2030. The Global Talent Crunch analysed global demand for labour at three key milestones, 2020, 2025 and 2030, in 20 markets, including in India, across three sectors, financial and business services, technology, media and telecommunications (TMT) and manufacturing. Wage premiums by 2030 - US (US$ 531 billion); Germany (US$ 176 billion); Japan (US$ 468 billion); China (US$ 342 billion) Asia Pacific (US$ 1 trillion); Singapore and Hong Kong (10% of 2017 GDP). Wage premium per worker per year by 2030 - Asia Pacific (Average US$ 14710); Hong Kong (US$ 40539); Singapore (US$ 29065); Australia (US$ 28625). Dhritiman Chakrabarti, Head of rewards and benefits for the APAC region at Korn Ferry, says, 'The new era of work is one of scarcity in abundance, there are plenty of people, but not enough with the skills their organisations will need to survive. While overall wage increases are just keeping pace with inflation, salaries for in-demand workers will skyrocket if companies choose to compete for the best and brightest on salary alone.' Manufacturing, one of the sector that is a critical driver of growth for emerging economies, may be stalled by the huge impact of the salary surge. Read on...
The Economic Times:
India to be lone economy facing suppressed wages by 2030: Study
Mohammad Anas Wahaj | 31 may 2018
According to British Council's 2016 report, 'The State of Social Enterprise in Bangladesh, Ghana, India and Pakistan', there are more than two million social enterprises in India with 24% of them led by women. India is one of the fastest growing economy and it needs more social entrepreneurs to tackle socio-economic problems. Women have to enhance their participation. But, existing stereotypes alongwith lack of investor confidence are major hurdles in the way. According to the World Bank, labour force participation rate for women in India has fallen from 37% in 2004-05 to 27.2% in 2017, which is quite low in comparison to developed nations. Increasing participation of women in workforce is vital for balanced growth of the country. Archana Raj, Team Leader at Save The Children, says 'Despite these low indicators, it is worth mentioning that there are new generation women who have broken the barriers of societal norms and regressive mindsets to pave way to the new world of entrepreneurship. Over the past few years, it has been observed that more women are choosing this as a career over other options, making a mark in the start-up ecosystem. Nonetheless, the aim must be to reach higher, which can help the rest of the women of our country to rise beyond the barriers and choose for themselves.' Jamie Cid, a social entrepreneur and founder of MobiHires, says, 'I think that there is a great opportunity for women social entrepreneurs in India, especially mothers returning to the workplace, who develop products and services based on their experience and solve problems in their community. With platforms like Sheroes, Reboot, SheThePeople and Lean In India initiatives that support and invest in women social entrepreneurs, this is the right time to be one.' In one of the blog posts of World Bank, Monique Villa, CEO of Thomson Reuters Foundation and founder of TrustLaw and Trust Women, gives the example of Ajaita Shah who works in rural regions of India. Shah's organisation, Frontier Markets, sells and distributes products to rural households. The organisation calls itself a 'for-profit business with a social mission'. According to the Thomson Reuters Foundation, India ranks 35th among countries that are the best for women social entrepreneurs, with the US, Canada and the UK occupying the top three positions. Manju Yagnik, vice chairperson of Nahar Group and member of Indian Merchant Chamber, says, 'I personally do not believe in male-female classifications. I do not think capabilities and talent can be differentiated as per gender. Today's women do not seek sympathy. They want equal opportunities when it comes to decision-making in financial capabilities, which is still male-dominant. Thankfully, with the modern society promoting and striving for gender equality, the position of women is improving year after year. Women entrepreneurs in India are bringing revolution and growth in the public and private sectors. With the help of government initiatives, they will grow further.' Manisha Gupta, founder and director of Start Up!, says, 'Regardless of whether a woman is a social or business entrepreneur, she has to negotiate through an ecosystem that has been structured for men to succeed. Not only do we need more women social entrepreneurs but also an ecosystem where there are more women leaders at every level. We need them as coaches, investors, in finance, as leading incubators, etc to break the template.' Citing challenges women face, Ms. Raj comments, 'Pressures of social norms and societal biases force women to give up the job while tough competitive market further make their work challenging.' Ms. Yagnik feels the need for more women entrepreneurs in India. She says, 'Social entrepreneurship might be a great opportunity for Indian women professionals to break through the glass ceiling that typically exists in traditional corporate life.' Ms. Cid suggests social entrepreneurs to stay positive and focus on the bigger purpose and stay passionate about their goal. Explaining capabilities of women entrepreneurs, Ms. Gupta says, 'I always say that women social entrepreneurs use the 3Rs - resilience, relationship and resistance – to build and grow their ventures. They are masters of resilience, I have seen many women without any resources, standing on their own and building a business in rural regions. They also demonstrate strong capabilities of building connections and meaningful relationships with stakeholders which takes them far.' Read on...
Mohammad Anas Wahaj | 24 may 2018
Design as a separate field is getting more recognition in India. Policy initiatives like 'Design in India' and 'Make in India' will give design further impetus and assist in creating a thriving design ecosystem. India now have 30 to 35 design schools, most of them came up in the last few years. Prof. Anirudha Joshi of Industrial Design Centre at IIT-Bombay explores the condition of design education in India and suggests ways to make it better and more in tune with industry. He lists prevalent gaps between academia and industry - what is taught in design schools and what a professional designer need to do - (1) Uninentional gaps: Things that left out in design curriculums. Course duration is shorter than what is needed to become a good designer. (2) Lack of industry/hands-on environment: Certain things are best taught in industry setup and academic setup doesn't suit them. (3) Intentional gaps: Design school is not supposed to prepare students only for industry. Focus is on developing thought leaders having theoretical concepts and not just skills and training. (4) Limited availability of design teachers. (5) Lack of strong tradition in design research. (6) Lack of design education infrastructure. There is demand/supply gap in terms of skilled human resources. As the industry is growing, at least five million designers are required as compared to the current approximately 20000 designers. Many sectors like manufacturing, small scale industries, small printing and publishing houses etc, although have need for designers but can't afford one in the present scenario. Moreover, the focus of current designs is more global and there are few instances of designs that are specific to the Indian market. More emphasis should be given to designers that specifically focus on India. Read on...
Mohammad Anas Wahaj | 22 may 2018
Artificial Intelligence's (AI) potential for healthcare transformation is becoming visible. AI health market is expected to increase exponentially from US$ 600 million in 2014 to US$ 6.6 billion by 2021. Rana Kapoor, MD & CEO of YES Bank and Chairman of YES Global Institute, explains how AI can redefine and revolutionize healthcare and transform existing healthcare sytems into 'smart wellness' delivery mechanisms. In the context of India, he says, 'With the Indian healthcare market estimated to grow to US$ 372 billion by 2022, coupled with growing healthcare needs of a 1.3 billion strong population, successfully leveraging AI, is vital to catapulting the 'healthcare of today' into the 'health-tech of tomorrow'.' He provides four ways AI can catalyze change in healthcare - (1) Economising healthcare costs through machine learning and big data. Integrating big data with wellness could potentially save the healthcare industry up to US$ 100 billion per year. (2) Merging cognitive computing and healthcare can potentially mitigate estimated global shortage of 12.9 million healthcare professionals by 2035. AI-powered applications can augment the services of physicians and expand healthcare outreach at affordable costs. (3) Enhanced diagnosis and identification of diseases. Through algorithms and analysis of big data patterns, AI can detect trends to enhance disease diagnosis and create treatment plans in order to efficiently streamline the healthcare needs of a patient. (4) AI and Internet of Things (IoT) can lead to personalization and more patient-centric approach to healthcare. Wearable gadgets powered by AI can capture and store health data of individuals and play an important role in preventive treatment. Mr. Rana further suggests, 'In India, where we rank a lowly 154th in the Healthcare Access and Quality Index, we must make collaborative efforts to unlock the potential of AI to create an enabling health technology ecosystem to match demand, optimise costs, and demonstrate value.' Read on...
Mohammad Anas Wahaj | 22 apr 2018
According to a report by The Times of India, engineers in India are now showing more interest in the automobile industry as compared to the usual IT industry, signalling a boom time for the more traditional manufacturing sector. Tightening of US visa rules, streamlining of staff by big IT companies and increasing importance of big data and artificial intelligence in automobile industry are some factors promoting this shift. NASSCOM says that IT sector will see single-digit growth for the third-consecutive year and jobless growth for the second year. Gopal Mahadevan, CFO of Ashok Leyland, says, 'Earlier mechanical engineers were going to the IT industry but now they're coming back. There appears a reverse brain drain happening and suddenly we're getting lots of applications from this segment, much more than in the last 3 years.' According to the Naukri Jobspeak data for March 2018, there has been significant hiring growth for the auto industry. The sector has witnessed a 33% growth in March 2018 compared to March 2017. Rajan Wadhera, President of Automotive Division at Mahindra & Mahindra, says, 'The IT allure is beginning to wear off as that segment has almost reached a saturation point. The pay growth is also not as good as it once was. So the attraction to join the auto industry is back.' Thammaiah B. N., MD of Kelly Services, says, 'Product specialists are in demand and their experience levels are in the tune of 8 to 10 years or higher. The auto industry itself has stepped up its hiring by 30% and IT has been a major contributor.' Read on...
The Economic Times:
Automobile industry is the new IT for India's engineers
Mohammad Anas Wahaj | 27 mar 2018
Ineffectively designed education and training system breeds unemployability. As former President of India Late A.P.J. Abdul Kalam had rightly once said, 'It is not unemployment, which is a major problem; it is the question of 'unemployability', which is a bigger crisis.' According to the recent TeamLease Services' survey report 'Industry Opportunity Based Vocational Course Design', that included 105 organisation and 65 students, 'The vocational education ecosystem in its current form has not succeeded in creating adequate employable job seekers in India as more than 60% candidates and employers find these courses ineffective.' The report also mentions that only 18% of the students undergoing voc-ed (vocational education) courses get jobs, of which merely 7% are formal jobs. The survey highlights the reasons of disconnect between courses and industry - unavailability of quality academic content, lack of funds and negative perception about courses. Neeti Sharma, SVP of TeamLease, says, 'With advancement in technology, improved infrastructure and easy access to domestic and global market, job profiles are continuously and rapidly evolving every day. The need of the hour is advanced vocational skills training...' Read on...
The Economic Times:
Vocational education mostly ineffective in India - Survey
Mohammad Anas Wahaj | 17 mar 2018
According to the recent report based on PRIME Database, listed Indian companies that total 1019 have spent Rs. 9034 crore in 2017-18 to fund their CSR (Corporate Social Resposibility) projects and activities. Nearly 37% of these funds were used for education and vocational skill training activities. This development area also witnessed the largest absolute increase in allocation of resources and funds. Moreover, the biggest increase was found in activities that support and benefit the armed forces veterans, war widows and their dependents. Other focus areas that saw increased in expenditure were community development, infrastructure, environment sustainability, social welfare, sports, and slum development. But, eradication of hunger and poverty, and promotion of healthcare and sanitation had expenditure decreased by 18.6%, from Rs. 2944 crore to Rs. 2394 crore. Report by KPMG, 'India CSR Reporting Survey 2017', showed that while education and healthcare have been in focus for the past three years, organizations have slowly begun diversifying their area and geography of development in the last one year. Another recent report found the total CSR expenditure figure at Rs. 7050 crores and said that out of India's top 100 firms, 59 met their CSR targets, while 33 companies had an expenditure of less than required 2%. This report also listed educational projects, rural development, and healthcare as the key focus areas of the companies. Read on...
India Inc.'s CSR spend highest on education and skilling - Report
Author: Manav Seth
Mohammad Anas Wahaj | 28 feb 2018
Social entrepreneurs utilize their skills and efforts to solve social issues and make world better. The School for Social Entrepreneurs (SSE) India runs a 9 months long Social Start-Up Fellowship program, an initiative supported by PwC India, to assist social entrepreneurs develop and scale their social enterprise ideas and concepts. SSE recently felicitated 17 social enterpreneurs that graduated from the program. Attending the occasion, Dr. Jitendra Singh, Minister of State (PMO, Govt. of India), said, 'There is a sense of satisfaction when you witness, for the second year in a row, a new set of social entrepreneurs graduate with the skills to make a difference in the lives of others through their innovative ventures.' Satyavati Berera, COO of PwC India, said, 'Social entrepreneurship is steadily gaining momentum in our country and we are proud to be part of this journey which for PwC began its association with SSE India in 2016...Each mentoring opportunity helped our people interact with those working at the grassroots and built a different perspective, which will have a deep positive impact on the way we serve our stakeholders.' Shalabh Mittal, CEO of SSE India, said, 'At SSE India, we believe in bottom-up social change and help social entrepreneurs work in broken markets or in the poorest of communities...our learning approach has the ability to empower entrepreneurs to start, grow and scale.' Also present was Jaivir Singh, Chairperson of SSE India and Vice Chairman of PwC India Foundation. Website the-sseindia.org gives list of 17 social entrepreneurs felicitated - (1) Prem Kumar (Sambhawana Development Foundation, Livelihood, Non-Timber Forest Produce - NTFP) (2) Bharti Singh Chauhan (PraveenLata Sansthan, Women & Child Welfare) (3) Dr. Anirudh Gaurang (Rovnost Healthcare, Healthcare) (4) Sonali Patwe (Perseverance Infosystems Pvt Ltd., Technology) (5) Hemanta Gogoi (wowNE, Livelihood) (6) Lourdes Soares (SabrCare, Healthcare) (7) Dr. Sumedha Kushwaha (ATTAC, Healthcare) (8) Dr. Raunaq Pradhan (Saaras Foundation, Policy Implementation) (9) Abhishek Juneja (Adhyaay Foundation, Education) (10) Riddhi Dastidar (Riyaaz, Education) (11) Abhishek Jhawar (National Abacus, Education) (12) Ayushi Shukla (Sanima, Arts & Cinema) (13) Inderpreet Singh (SPEEE, Community Well-being) (14) Neharika Mahajan (Oryn, Environment & Livelihood) (15) Umang Shridhar (KhaDigi, Rural Livelihood & Khadi) (16) Vilas Gite (Praas Development Foundation, Rural Development) (17) Devaja Shah (Amiku, Mental Healthcare). Read on...
17 Social Entrepreneurs Honoured By School For Social Entrepreneurs India And PwC India
Mohammad Anas Wahaj | 11 jan 2018
India's growth trajectory can slow down if firms are not able to grow and banks are not able to lend. Restructuring can be an immediate policy solution for the twin balance-sheet problem. But, for the long-term growth and job creation, the causes of financial misallocation have to be deeply considered and mitigated. Growth needs more efficient firms to produce more output and use more factors of production, which includes ease of access to bank loans. Contrary to this in India, a case of financial misallocation is a common phenonmenon, where less efficient firms get more bank loans reducing the ability of more efficient firms to grow and scale up. The cause for India's financial misallocation is distortion in the land market, as less efficient firms can access more land consequently enhancing their ability to get loans. Land provides strong collateral to access bank loans. Financial misallocation is a bigger problem in the manufacturing sector, that is more land intensive, as compared to services industry. World Bank lead economist, Ejaz Ghani, alongwith Gilles Duranton, Arti Goswami Grover and William Robert Kerr, examined plant-level data on millions of formal and informal enterprises, in both the manufacturing and services sectors, in more than 600 districts in India and provided important insights into the geographic and industry distributions of financial and land misallocation in their World Bank research report, 'Effects Of Land Misallocation On Capital Allocations In India'. According to Mr. Ghani, 'Most bank loans in the manufacturing sector are taken up by large firms in the organized sector. The small firms in the unorganized sector, which account for nearly 80% of jobs, and about half of the value of land and buildings held in the manufacturing sector, pull in a very small share of bank loans. The value of financial loans reported in the informal sector is barely 2-6% of the value of total bank loans reported in the manufacturing sector.' Mr. Ghani explains, 'We computed an index of misallocation in manufacturing and services, and the organized and unorganized sectors, in the districts. The indices of misallocation for output, value added, and factors of production were computed individually for financial loans, land and labour. India is one of the most land-scarce countries in the world. Land and financial misallocation trumps labour misallocation. The former appears to be at the root of much of the misallocation of output in the manufacturing sector...poorly functioning land and financial markets explain why India has so few start-ups; entrants are constrained by financial misallocation, and incumbents don't grow in the manufacturing sector.' Mr. Ghani recommends, 'Policy makers need to pay more attention to addressing the underlying causes of financial misallocation. This would involve removing land market distortions, better land-use regulations, and more efficient taxation of properties. Faster growth requires marching ahead with even stronger policy reforms to promote competition and innovation, and enabling more efficient firms to grow faster.' Read on...
Mohammad Anas Wahaj | 13 dec 2017
Entrepreneurship as a thought process is to be inculcated at the very early stage among children. It is also essential to build an entrepreneurial ecosystem in India that brings all the elements together for entrepreneurship to thrive. In a recently held panel discussion in Hyderabad (India) on developing an entrepreneurial ecosystem, moderated by Ramesh Abhishek (Secretary at the Department of Industrial Policy and Promotion), Patricia G. Greene (Director of Women's Bureau, US Department of Labour) said, 'This effort should begin right from the pre-school days in children where teachers can drive kids to become future entrepreneurs.' Another panelist, Ravi Kailas (Chairman at Mytrah Energy) said, 'The ecosystem has a huge impact on creating different types of entrepreneurs...Innovative ideas and ventures will always bring in funds.' While Amit Ranbir Chandra (MD and India Head at Bain Capital) emphasised the need for domestic capital to address the requirements of entrepreneurs and less dependency on government funding. Read on...
Inculcate entrepreneurship spirit from 'pre-school days'
Author: G. Naga Sridhar
Mohammad Anas Wahaj | 27 oct 2017
India's future success will be defined on the basis of how its positive elements like demographic dividend, IT and software, manufacturing, agriculture, government initiatives (Make in India, Digital India, Skill India, Startup India) etc, gel together effectively and grow. Adding to all these, focus on research, design and innovation, will further propel creation and development of new and emerging technologies and concepts. Specifically, Indian auto industry does have R&D capabilities, but it is mostly driven by foreign collaborations and partnerships. Moreover, Indian operations of most foreign auto makers rely on their global development centers when it comes to technological innovations. But the dynamics of the industry are shifting, and companies are mobilizing resources and assets towards design and development also, in addition to manufacturing. The change is also visible in the electric vehicle segment with a strong policy focus. Recent conference organized by NASSCOM and Autocar Professional was directed towards discussing the design, R&D and technology based future of the industry. Sameer Yajnik, COO-APAC of Tata Technologies, says, 'Indian engineers, thus far, have brought together just a few parts of the jigsaw puzzle in terms of vehicle development, but this is set to be transformed. With EVs, ADAS, autonomous, connected cars, et al, there are a slew of technology-driven changes that need to be responded to and India is an excellent place.' Patrick Newbery, Chief Digital Officer of Global Logic, says, 'Design and engineering work best when coupled together, and the Indian start-up ecosystem has displayed a good show of that already...Amalgamating design and engineering, as well as with its ability to innovate and create as a response-stimulus to change, India holds a strong place in developing new future technologies, where even the US would be looking outside to outsource these innovative solutions. There is more likelihood of innovation coming out of such environment.' Current spend in automotive engineering and R&D of Europe is 35%, that of US is 25% and, India's is at 10%. This is expected to triple in next 3 years. Sanjeev Verma, CEO of Altran India, says, 'India holds a very important place in the whole jigsaw and especially can play a great role in designing passive safety and IoT systems...With the whole ecosystem springing up now, the next three to four years are going to be extremely transformational for the development vertical in the Indian automotive sector.' Commenting on design in India, Raman Vaidyanathan of Tech Mahindra says, 'Indian engineering is bound to be more frugal, compared to the rest of the world because of the country’s legacy in being cost conscious. This is very positive as it implies that a good quality product, designed and developed to a cost in India could be produced in the emerged markets, while the reverse is going to prove rather expensive.' The challenge of skilled human resources in design and engineering in India remains. NASSCOM has started a foundation course in integrated product development that has reached 1000 colleges since CY2015. Government, academica and industry has to come up with integrated strategies that need to be applied to upgrade the knowledge and skills of graduates coming out of technology institutes and ensure success of design, research and development in India. Read on...
Beyond Make in India - Design and develop in India now imperative
Authors: Sumantra B. Barooah, Mayank Dhingra
Mohammad Anas Wahaj | 13 aug 2017
According to the Economic Survey 2016-17 (Vol. II), employment in India poses a great challenge in terms of its structure, with it being dominated by informal, unorganised and seasonal workers. It highlighted the deceleration in hiring being faced by the IT-BPM (Business Process Management) sector. It said, 'The IT-BPM industry is also feeling the pinch of the global slowdown and global political uncertainties as clients go slow on their decision-making and investment processes.' The survey cited McKinsey report, saying that nearly half of the workforce in the IT services firms will be "irrelevant" over the next 3-4 years and the bigger challenge ahead for the industry will be to retrain 50-60% of the workforce with a significant shift in technologies. The survey also noted that the growth in digital tech like cloud-based services is happening at a much faster pace and the companies have to learn new technologies and reskill. It quotes 2016 World Bank report that said, automation threatens 69% of the jobs in India, while it threatens 77% in China. The survey added that skilled labour force is essential to meet diversified demands of a growing economy, to tap the benefit of demographic dividend. According to India Skill Report 2016, the present demographic advantage of India is predicted to last only till 2040. Read on...
Adoption of new technologies, reskilling key for job growth
Mohammad Anas Wahaj | 12 jul 2017
India's share of the US$ 54 billion global HR technology market is about US$ 600-700 million. Traditional human resource practices are undergoing tech-driven transformation. According to experts, use of modern HRTech can help India Inc improve productivity and save millions of dollars by optimal use of human resources. Recent study by PeopleStrong predicts that India Inc can save at least US$ 600 million annually by 2021 using HRTech. Jagjit Singh, Chief People Officer at PwC India, says, 'The shift to HR applications in the cloud and artificial intelligence to use predictive data analytics has the potential to transform the entire HR landscape by taking away transactional roles and replacing them with strategic partnering roles...' Anshul Bhargava, Chief People Officer at PNB Housing Finance, says, 'Backed by concrete information and more efficient processes, the hiring process and employee efficiency have improved with the application of analytics.' Dinesh R. of OYO says, 'HR function is increasingly relying on technology to drive results and more predictable outcomes.' Pankaj Bansal, Co-founder and CEO at PeopleStrong, says, 'The new world of work will see employees taking control of their digital landscape of work and will be the decision makers of what gets used by organisations...' Read on...
The Economic Times:
India Inc can save millions by using HR technologies - Experts
Mohammad Anas Wahaj | 29 may 2017
Design influences every aspect of human life. Pradyumna Vyas, Director of NID-Ahmedabad (India), says, 'From the minute you wake up and pick up your brush to the time you retire to bed, there is design touching your life every minute.' Sanjay Dhande, former Director of IIT-Kanpur and founder of Avantika University, says, 'Our education, curricula, pedagogy and assessment is all outdated. Avantika University will have courses like liberal arts, body and mind, creative arts and the like. Even economics and management will be taught keeping design in mind.' According to a report, 'Future of Design Education in India' by India Design Council and British Council, 'The market for design in India is expected to touch Rs 18,832 cr by 2020...Only a fifth of the design market is currently tapped.' A design industry survey finds that 57% of design school graduates find jobs with large and medium-sized businesses, with small and medium-sized enterprises employing about 17% of the students. Nearly 13% of D-school graduates work for individuals, 9% work for public sectors and 8% join academic institutions. Apart from the traditional architecture, interior, arts and crafts etc, there more newer design areas for career opportunities - Social Design; Industrial Design; Space Designing; User Interface (UI) and User Experience (UX) [Tangible Interactions]; Doodling. Nandita Abraham, CEO at Pearl Academy, says, 'Today , especially for young people, doodling has become a language and a way of communicating with each other expressively.' R. Sandesh, Associate Professor at Industrial Design Centre (IIT-Bombay), says, 'Design is an overarching discipline.' Read on...
The Times of India:
No more offbeat - Careers in design define our lives
Author: Hemali Chhapia
Mohammad Anas Wahaj | 04 may 2017
India's demographic dividend can only achieve full potential if its young population continues to update their skills, the private sector continues to upgrade its processes, technologies and management practices to remain profitable and growth oriented, and government continues to improve infrastructure, ease regulations to do business, and attract internal and foreign funds as investments in various industries and businesses. Approximately half of India's 1.2 billion people are under the age of 26. By 2020, around 64% of India's population will be in the working age group of 15-64 years, and it is forecast to be the youngest country in the world, with a median age of 29. Moreover, India is a US$ 2 trillion economy, growing at approximately 7% year on year. It has a strong domestic focus with approximately 75% of the GDP generated on domestic consumption. India's demographic dividend will work in favour of the Indian economy when its young, educated and healthy population, is trained, skilled and gainfully employed, giving rise to an upwardly mobile consumer class. Read on...
Mohammad Anas Wahaj | 29 apr 2017
Education technology promises to increase access, lower costs and bridge the rural-urban divide, in learning opportunities. Aakash Chaudhry, Director of Aakash Education Services Pvt. Ltd, explains how educational technologies can bring the transformation in India's educational system. He explores the present scenario and what is expected in future for the education sector. According to him, 'With an overwhelming increase in mobile-connected devices, global data traffic and mobile video traffic, the EduTech sector is set to enter a new era...In India, where mobile penetration is counting a billion people with over 300 million connected to the internet and is expected to reach 550 million by 2018, we have immense potential to digitally educate the masses...EduTech companies are driving further development of data-driven education technologies, leading to fundamental changes in how school and college students as well as professionals seeking new skills are learning.' He mentions some of the technologies and methodologies that are driving the transformation in education - Online interactive platforms; Cloud computing; Data centers; Virtualization; Global high quality online content; Live braodcasts; Video content delivery; Virtual updating of textbooks; Video conferencing; Availability of content offline and at low internet connectivity; Mobile classrooms; Online tutors; Adaptive learning; Student-teacher interface in the form of mobile learning. He concludes, 'A country that depends on the development of its educational sector for its economic and social growth, a surge in switching to technology-driven education will amply propel rural India towards empowerment.' Read on...
Mohammad Anas Wahaj | 16 mar 2017
According to the NASSCOM Foundation report, 'Catalysing Change Through CSR', about half of the IT and financial services companies (70) interviewed have spent more than 70% of their CSR in education and employable skills initiatives. Ganesh Natarajan, Chairman of NASSCOM Foundation, says, 'Education and employable skills are the key to most of India's social problems. An industry, which has grown solely by investing into knowledge and key skills, realises the difference a skilled knowledge society can make and therefore, a major chunk of the CSR funds has been dedicated to education and employable skills.' The report finds that companies are placing greater importance on monitoring outcomes by integrating technology. Among the roadblocks cited by most companies was identification, selection and due diligence on NGOs and the absence of robust tracking process. Read on...
Mohammad Anas Wahaj | 10 mar 2017
According to the Organisation of Economic Cooperation and Development (OECD) report, 'India Economic Survey 2017', although India's economy continues to grow (7% in current fiscal year), but the rate of employment has declined and it lags most other countries in creating quality jobs. Over 30% of youth aged 15-29 in India are Not in Employment, Education or Training (NEETs). This is more than double the OECD average and almost three times that of China. Isabelle Joumard, senior economist at OECD, says, 'NEETs include all youth left outside paid employment and formal education and training systems. They are NEET because there are not enough quality jobs being created in the system and because they have little incentives or face too high constraints to be in the education and training systems.' OECD points out complexity and strictness of labor laws and restrictive employment protection legislation compared with other emerging economies, as some of the several factors responsible for India's poor performance. Ms. Joumard adds, 'Thus, corporates in India tend to rely more on temporary contract labour, stay small or substitute labour for capital to avoid strict labour laws. Apart from that, corporate income tax has created a giant bias against labour-intensive activities.' Read on...
Mohammad Anas Wahaj | 03 nov 2016
There is always a difference of opinion when it comes to whether entrepreneurship is an inherent trait or it can be taught and learned. Both sides seem to have reasonable examples to justify their perspective. For those who value the concept of entreprenuership in business or are contemplating to tread entrepreneurial path, here are some good reads - (1) 'Stay Hungry, Stay Foolish' by Rashmi Bansal (2) 'Creativity Inc.' by Ed Catmull (3) 'Zero to None' by Blake Masters and Peter Thiel (4) 'Business Start Up 101' by Chris Gattis (5) 'The Four Hour Work Week' by Timothy Ferriss (6) 'How To Win Friends And Influence People' by Dale Carnegie (7) 'The Life and Business Lessons of Warren Buffett' by George Ilian (8) 'The Fountain Head' by Ayn Rand (9) 'Think and Grow Rich' by Napoleon Hill. Read on...
Mohammad Anas Wahaj | 26 oct 2016
Design is critical for national and industrial competitiveness. Prof. Sanjay Dhande, former director of IIT-Kanpur and chief mentor of design-centered Avantika University, explains the value of design in India's competitiveness for manufacturing and service industries, analyzes the evolution of design education and suggests how India can further develop design education to impart skills and training, and nurture creative talent that keeps it at the cutting edge of innovation and design. He says, 'By incorporating design, which by and large shapes our ideas better is inherent in our every act. We design, we create experiences to make the life of individuals more comfortable, information readily available, work more efficient, spaces more convivial, and in turn making peoples' life more meaningful...The government of India has initiated a consultee approach with industry and designers to develop the broad contours for a combined vision towards a design enabled Indian industry.' National Institute of Design was first setup in 1961 by Government of India based on the report on design education developed by American industrial designer duo Charles Eames and his wife Ray Eames. Since then, to fulfil the demand of growing design professionals, number of institutes have come into existence over the years, giving rise to a thriving design ecosystem. But to maintain high quality of design education is an obvious challenge. According to Prof. Dhande, 'Though with a faster-changing world even the standards in design education are very high. And the question remains around how can we remove the loopholes and sustain a high-quality education from a conventional structure?...There is a growing need to eradicate the redundancies in the traditional course curriculum. A strategic streamlining of the education structure which offers practice exposure encourages focussed learning is much required.' He suggests continously evolving and innovation directed approach to design education, starting with admission process, practical learning, quest for right faculty, learning environment and a specialization focus. He concludes, 'Innovation is essential to be able to adapt to, for creating that difference in Indian design education to help students work better in unpredictable market conditions and intense global competition. Incremental improvements by themselves will not do and hence the listed points will help address improve the quality of design training in India.' Read on...
Mohammad Anas Wahaj | 28 sep 2016
According to the conditions set forth in the CSR (Corporate Social Responsibility) Law in India, all companies with a net worth of Rs 500 crore or revenue of Rs 1000 cr or net profit of Rs 5 cr should spend 2% of last 3 years average profit on charity work. CSR management firm, NextGen, studied the annual reports of the top 100 firms by market capitalizations on NSE (National Stock Exchange) for 2014-15 & 91 firms for 2015-16. The total spend on CSR activities for 91 firms is Rs 6033 cr for FY16, while it was Rs 4760 cr by 100 companies in FY15. According to Abhishek Humbad, co-founder of NextGen, 'More and more companies are realizing that not meeting 2% makes them look bad, and for large companies, it can turn out be a reputational risk.' The energy sector accounted for nearly 26% of the total CSR spending. Reliance was the largest spender in FY16, using 2.3% of its profit (Rs 652 cr) on education, health and other social activities. Jagannatha Kumar at chairman's office of RIL says, 'The amount spent on each of the focus areas varies on an annual basis depending on the scope of work for the year.' In FY16 RIL spend on healthcare halved to Rs 314 cr while on education it increased to Rs 215 cr from Rs 18 cr in FY15. According to Parul Soni of Thinkthrough Consulting, a CSR consultancy, 'Manufacturing companies like automotive have been well poised to do CSR because they focus on communities around their plants and it helps build engagement with local communities. Also, many of them are working in skill development.' Some of the top causes that corporates spend on are healthcare, poverty eradication, education, skill development, rural development, and environment. Noshir Dadrawala, CEO of Centre for Advancement of Philanthropy, says, 'Skills have been trendy. These causes have seen an increase because many of the skilling initiatives instead of being classified as an education initiative is being put under providing employment and reducing poverty. Also when it comes to healthcare, conducting blood donation camps is a popular way of doing CSR as it is easy and effective.' Ravi Chellam, ED of Greenpeace, points out that environment is not a priority issue for most Indian corporates. He says, 'On environmental issues, companies seem to prefer to focus on either their own campuses or areas immediately surrounding their locations.' According to Loveleen Kacker, CEO of Tech Mahindra Foundation, '50% of all our CSR capital goes into empowering women and another 10% for the disabled. We believe that any development can happen in any of the areas - from nutrition to sanitation, only when women are empowered. And we feel only economic empowerment of women can bring about social empowerment.' The top geographical regions that were beneficiary of CSR funds for FY16 are Maharashtra, Tamil Nadu, Gujarat, Andhra Pradesh, Rajasthan and Karnataka. Vinod Kulkarni, head of CSR at Tata Motors Ltd, says, 'It is part of our policy to invest CSR funds in geographies in close proximity to our area of operation. It amplifies the outcomes and impact.' Arun Nagpal, co-founder of Mrida Group, comments, 'The reasons for firms to select geographies close to manufacturing plants or areas of work are valid but this leads to an imbalance in the division of CSR funding.' Read on...
Firms ramp up CSR focus on healthcare, poverty, hunger
Authors: Arundhati Ramanathan, Moyna Manku
Mohammad Anas Wahaj | 21 sep 2016
According to McKinsey report, India's manufacturing sector will grow six-fold by 2025, to US$ 1 trillion, while creating up to 90 million domestic jobs. Dattatreya Gaur, VP and head of Businesss Unit at Robert Bosch Engineering & Business Solutions, explains the opportunities in India's manufacturing and it's evolution led by digital transformation and smart manufacturing. According to him, 'In manufacturing, the potential for cyber-physical systems to improve productivity in the production process and supply chain is vast; this is an opportunity...The main objective of Industry 4.0 is the task to convert this data into information and then into knowledge in real time, in order to make the process more productive, more flexible, to improve the quality and so on. It is a concept of intelligent value chain organisation where the man, machine and material are connected and talk to each other through enablers such as the cyber-physical systems and Internet of Things (IoT)...In the industry of the future, the product will become an information carrier and pilot its own way through the production process. Industry 4.0 is less of a revolution and more of an evolution.' Explaining Industry 4.0 in India's context, he says, 'Industry 4.0 is relevant for India; it is completely in concurrence to 'Make in India' campaign. The number of people using a smartphone in India is huge. This, for us, is a big opportunity. India is the third largest user base for internet and second largest for smartphones. India is also the IT hub. The huge number of software engineers plus the affinity of Indians towards mathematics and technology should provide the perfect recipe for Industry 4.0.' Read on...
Mohammad Anas Wahaj | 14 sep 2016
In the fast paced technology industry, knowledge and skills get obsolete as soon as anything new, effective and valuable comes into the market. Job candidates should continuously update and upgrade their skillset to stay relevant and get hired in the better paid bracket of the technology market. They also have to anticipate the shifts and trends in technologies and acquire the know-how from the best sources. Online courses in many technological domains are just a click away. With just a reasonable internet access, anyone in India can access courses from around the world. Key is when to select what course from which provider. According to Kabir Chadha of Coursera, 'We see a lot of demand for high-tech skills and certifications. Technology and computer science courses register more than half of all the enrollments in India. Computer Science and Data Science lead the pack at 25% and 18% respectively...Most Indian learners associate such courses as a medium to gain skill sets for a new job or enhance their existing job profiles. A lot of users also use our courses to enhance their application for higher education...' Following are some tech courses that can help get a better job in India - (1) R Programming: It is the next programming language that is used in a variety of domains including software development, business analysis, statistical reporting and scientific research. (2) Machine Learning: According to Packt, Machine Learning is one of the most in-demand skills in 2016. (3) Python Programming: IT experts suggest that Python should be the first programming language of a programmer. (4) How to create a website in the weekend: According to the Bureau of Labor and Statistics, employment of web developers is projected to grow 20 per cent from 2012 to 2022. (5) Data Science: Harvard Business Review considers the job of data scientist as the 'Sexiest Job of the 21st Century.' Read on...
Mohammad Anas Wahaj | 29 aug 2016
Machine tools industry is critical for the success of 'Make in India' and 'Skill India' initiatives. V. Anbu, Director General of the Indian Machine Tool Manufacturers' Association (IMTMA), explains, 'Machine tools are considered a strategic industry segment. It is part and parcel of manufacturing, particularly discreet manufacturing segments such as automobiles, defence, railways, plastic machinery, medical electronics and white goods.' GLOBAL SCENARIO: 'Japan and Germany are strong in production and degree of sophistication/technology level. Global production of machine tools is worth around US$ 84 billion. In volume, China leads the pack; in technological maturity, Germany and Japan are at the same level. China's machine tool production is about US$ 24 billion.' INDIA'S MACHINE TOOL INDUSTRY: 'The Indian machine tool industry will touch US$ 1 billion in 2016. We are looking at getting into high-end manufacturing in sectors like railways, defence and aerospace. Automotive will become bigger, while medical electronics is also expected to grow...India is the 10th biggest market for machine tools. Of the market size of Rs 10,300 crore, domestic production is worth Rs 4,500 crore, which is about 42%. India has limited capability when it comes to high-accuracy machine tools.' INDIAN GOVERNMENT'S ROLE: 'We need much faster, single-window clearances. We are also looking forward to results on GST, policy on land acquisition, and ease of doing business...The government must create a financial mechanism to allow Indian companies to acquire firms abroad.' ISSUES WITH INDIA'S MACHINE TOOL INDUSTRY: 'Technology-gap is one major issue. To have an efficient model or mechanism for companies, they need to improve their own technology. Supply-chain is another issue. Payments and taxation and procurement are the other issues.' SKILL GAPS AND ROLE OF IMTMA: 'We are looking at bringing depth to manufacturing which will help the end-user. IMTMA conducts about 150 training programmes all year. Over 35 companies have lent their support to this initiative...Broad domains that are covered include productivity, design, maintenance, and automation. Most programmes are on metal cutting. We have deliberately added a few topics on metal forming too.' Read on...
Mohammad Anas Wahaj | 23 aug 2016
According to the latest OPPI-KPMG's 'Report on Healthcare Access Initiatives', India spends less on healthcare than most other middle income countries. It's total healthcare expenditure of about 4.1% of GDP is among the lowest in the world. The report highlights the following main gaps in India's healthcare - POOR HEALTHCARE INDICES: Life expectancy (68 years in 2015) one of the lowest among Brazil, Russia, India and China (BRIC); Infant Mortality Rate (IMR) of 38/1,000 live births and Maternal Mortality Rate (MMR) of 174/100,000 live births in 2015, highest among peer group. GROWING NON-COMMUNICABLE DISEASES (NCD) BURDEN: NCDs account for nearly 60% of deaths annually; Indian economy set to lose US$ 4.58 trillion by 2030 due to NCDs. INADEQUATE HEALTHCARE INFRASTRUCTURE: Number of hospital beds of 0.9 per 1,000 population is lowest among BRIC; 75% of dispensaries and 60% of hospitals are in the urban areas. NEED FOR MORE TRAINED HUMAN RESOURCES: Lowest number of physicians per 10,000 population among BRIC; 80% of doctors are in the urban areas serving only 28% of the population. POOR AVAILABILITY: In rural India, only 37% of people have access to In-Patient Department (IPD) facilities within a 5km distance, and only 68% have access to an Out-Patient Department (OPD). BURDENED CARE: Nearly 63 million people are in debt due to health expenditure; Nearly 1/3 of population is driven below the poverty line due to health expenses. INADEQUATE GOVERNMENT SUPPORT: The government funds only 1/3 of health expenditure; Gross Domestic Product (GDP) spend on healthcare (4.1%) lowest among BRIC. POOR INSURANCE COVERAGE: Nearly 75% of population uncovered. Out-of-pocket (OOP) contributes close to 86% of private and 60% of overall healthcare expenditure. Report suggests a patient-centric approach to tackle India's healthcare challenges and points out that awareness and education can strengthen the four pillars (4As) of healthcare - Availability; Affordability; Accessibility; Acceptability. Utkarsh Palnitkar, Partner at KPMG, says, '...Only a long-term, proactive strategy with education and awareness at its centre, involving all stakeholders, i.e., healthcare providers, insurance companies and healthcare and pharmaceutical companies, can achieve the desired vision of a healthy country.' Shailesh Ayyangar, President of Organisation of Pharmaceutical Producers of India (OPPI), says, 'Universal Healthcare is a social priority...India's healthcare strategy requires a holistic approach and a critical evaluation of our existing systems. We need sustainable policy solutions to address healthcare financing, infrastructure and human resource challenges.' Read on...
The Economic Times:
India's total healthcare expenditure at about 4.1% of GDP, among the lowest in the world - OPPI-KPMG report
Mohammad Anas Wahaj | 12 jul 2016
'Keep striving for success,' says Azim Premji, one of India's most successful entrepreneurs and generous philanthropist. Taking charge at Wipro at the age of 21 and steering it from a vegetable oil manufacturer to a diversified global congolomerate, with interests in IT, BPO, consulting, lighting, healthcare, education etc, Mr. Premji has probably seen it all in the world of business and management. Biplab Ghosh, founder of KnowStartup, shares the 10 lessons from him for entrepreneurial success - (1) Know your strength: He says, 'It is important to cherish the good in us because it is only our strengths that helps us correct our weaknesses.' (2) Be far-sighted: He believes change is inevitable and 'being forewarned is being forearmed' even when things are going right. (3) Stay grounded: He advises young entrepreneurs to remain down to earth when they have achieved success. When success gets into the head, the path to failure has begun. (4) Stick to your values: He believes that one's value system forms the core of the business. According to him, once you stand by what you believe and don't compromise with it under any circumstances then you become resilient to stand up to crisis, a quality much adored in entrepreneurs. (5) Have faith: He has always believed that it is important to have faith in one's own ideas, even when everyone around tells you it is impossible. (6) Take charge: Readiness to accept challenges earlier on and show leadership, is an important lesson from his long and successful business career. (7) Trust your gut instincts: He says, 'It is important to realize that our intuition is a very important part of decision making. Many things are recorded by our subconscious. Use both sides of the brain. Even that is not enough. Some decisions need the use of the heart as well. When you use your mind and heart together, you may get a completely new and creative answer.' (8) Learn to work in teams: He believes that the challenges ahead are so complex that no individual will be able to face them alone. Unless you build a strong network of people with complimentary skills, you will be restricted by your own limitations. Ability to become an integral part of a cross-cultural team will be a must for your success. (9) Never lose your zest and curiosity: He says, 'Remaining on top of what you need to know will become one of the greatest challenges for you. The natural zest and curiosity for learning is one of the greatest drivers for keeping updated on knowledge...I personally spend at least 10 hours every week on reading. If I do not do that, I will find myself quickly outdated.' (10) Dealing with stress: He feels that the stress that a young person faces today while beginning his or her career is the same as the last generation faced at the time of retirement. These are times when our jobs have become more complex even though some new technology is being rolled out almost every day. It's only natural to get stressed under such circumstances. Develop your own mechanism for dealing with stress. Unless you take care of yourself there is no way you can take care of others. Read on...
Mohammad Anas Wahaj | 14 jun 2016
According to the Asian Development Bank (ADB) report, 'Scaling New Heights: Vizag-Chennai Industrial Corridor, India's First Coastal Corridor' (Authors - Sabyasachi Mitra, Rana Hasan, Manoj Sharma, Hoe Yun Jeong, Manish Sharma, Arindam Guha), the service sector has been a driver of the Indian economy but the country needs to expand its manufacturing base - through initiatives like Make in India and the development of economic corridors - if it hopes to reach the next level of growth. Here are 12 main things to know about Indian economy, manufacturing and 'Make in India' - (1) India is the world's third largest economy. (2) Service sector is main driver of economic growth and contribute substantially to GDP. (3) India major exporter of IT, BPO, & software expertise through skilled workers. (4) Service sector employs less than 1/3rd of labor force. (5) India's manufacturing has lagged. Only 17% of GDP, while Malaysia has 24% and Thailand has 33%. (6) Manufacturing sector lags due to bad infrastructure, complex regulations, limited finance and inadequate supply of skilled workers. (7) Indian government recognizes that to spread benefits of economic growth, manufacturing sector need to be strengthened. (8) India seeks to increase manufacturing's share to GDP to 25% and create 100 million jobs within a decade. (9) Indian government is promoting 'Make in India' initiative and trying to attract global firms for investments through tax incentives and simplified regulations. (10) India is promoting manufacturing through development of economic corridors, routes along which goods and people move. (11) Delhi-Mumbai Industrial Corridor is the India's first and most advanced econoic corridor. (12) In line with 'Make in India', Vizag-Chennai Industrial Corridor is being developed as the first coastal economic corridor. Read on...
Manufacturing and Make in India - 12 Things to Know
Mohammad Anas Wahaj | 11 jun 2016
Dr. Amantha Imber's new book, 'The Innovation Formula: The 14 Keys for Creating a Culture where Innovation Thrives', provides an authoritative curation of insights into innovation. Dr. Imber is an innovation psychologist and founder of Australian innovation consultancy Inventium. The book draws upon author's experiences, academic journals and research studies on innovation. It begins with an 'innovation culture audit' based on a survey of 28 questions, that will help assess an organisation's readiness and journey on the innovation path. The tips and case studies are classified into four levels or units of analysis: individual, teams, leadership and organization. These levels have a total of 14 key factors of innovation. (1) INDIVIDUAL LEVEL: CHALLENGE [Imagination breakthroughs (GE), Personal development hacks (Inventium)]; AUTONOMY [Design changes (Etsy, Vimeo)]; RECOGNITION [Innovation Awards (Intuit)]. (2) TEAM LEVEL: DEBATE [Voice of Youth (Infosys), Reverse mentoring (GE, Cisco, HP)], SUPPORTIVENESS ['Flat' teams (Mirvac]; COLLABORATION [Experts from other business units (Pfizer)]. (3) LEADER LEVEL: SUPERVISOR SUPPORT [Design thinking (Disney)]; SENIOR LEADER SUPPORT [CEO office hours (FourSquare), Customer Meetups (Etsy)]; RESOURCES [Hack Days (LinkedIn), Innovation Champions (Pfizer), Toolkits (Adobe, Nestle, CBA)]; GOAL CLARITY [Innovation KPIs (Mirvac)]. (4) ORGANIZATION LEVEL: RISK-TAKING [Annual failure report (EWB), Dare To Try awards (Tata, Pfizer)]; COHESION [Buddy Program (Buzz Products)]; PARTICIPATION [Hack Weeks (Etsy)]; PHYSICAL ENVIRONMENT [Central atrium (Circus Oz), Participatory office design (Mirvac)]. Dr. Imber cautions, 'Creating a culture won't happen overnight.' She sums up, 'Innovation is a learned skill.' Read on...
The Innovation Formula - 14 tips for business creativity and growth
Author: Madanmohan Rao
Mohammad Anas Wahaj | 31 may 2016
According to the latest Elsevier Report 2016, India's scientific publications grew 13.9% as against the global average of 4.1%. The study sifted through the publication output of researchers covered under Elsevier's Scopus database, that covers 60 million documents published in over 22000 journals, book series and conference proceeding by nearly 5000 publishers. It looked at the work of 366455 active researchers who are working with or are affiliated to Indian institutions. But this increase in publications hasn't made much impact on scientific progress or commercialization, considering their limited citation by other researchers. Prof. Anshul Kumar of Indian Institute of Technology (IIT) Delhi, explains, 'There is pressure to publish, but not much scrutiny of where papers are published. Since promotions are tied to the volume of output, academics feel the need to show published output, even if it is not in very well-known publications. Moreover, spending on research and development is low, and this further serves as an impediment to producing original research that has the potential to have a higher impact.' Prof. Nirmalya Bagchi from Administrative Staff College of India, points out, 'A paper has a high impact when it is published in a prestigious journal, and it is difficult for an unknown researcher to publish in such places. Prestigious Western journals prefer to publish research from highly-ranked institutes, and it is well-known that most such institutes are in the West. Thus, Indian scientists who move abroad to work with well-known institutes do not face such difficulties in publishing. It also helps that the research infrastructure is well-developed abroad.' India also have to ramp up its knowledge sharing i.e. increase number of citations in patent documents and collaboration between industry and academia. Read on...
Mohammad Anas Wahaj | 20 may 2016
India's healthcare is an opportunity that has room for growth for all - public or private, for-profit or non-profit, foreign or domestic entities. According to the latest CII-KPMG report, Indian healthcare sector is estimated to reach US$ 160 billion in 2017, accounting for about 4.2% of GDP. It is further expected to grow to US$ 280 billion by 2020. India currently spends only 1.05% of GDP on public health. Over the years, governments have tried to develop policies and have taken steps to provide better healthcare for its citizens. But India's large size, huge population (1.25 billion) and ineffective implementation at various levels, has created lop sided infrastructure and uneven development in healthcare. While bigger towns and cities have developed state of the art healthcare facilities, the rural part has lagged behind on multiple counts. Inspite of all the challenges, India is taking a stride into the next phase of healthcare, riding on technological advances, new financial models and corporatization of hospitals. Timely provision of healthcare assistance is the key to save cost and save lives. Multipronged strategy is the need of the hour. Technology, skilled and trained medical professionals, substantial investment and effective execution of best practices will help India provide what the today's citizens expect from the growing economy. Read on...
Mohammad Anas Wahaj | 17 may 2016
India's educational institutions need to ramp up their focus on research and innovation, in addition to quality of teaching, to improve their global rankings and stand at par with world's leading institutions. According to Prof. C. Raj Kumar, Founding Vice Chancellor of O. P. Jindal Global University and Dean of Jindal Global Law School, 'The reason why Indian higher education institutions constantly fail to feature in the annual world university rankings is because we have failed to appreciate the inter-disciplinary approach in higher education. In India, the gross enrolment ratio is less than 20% and the aspiration is to increase this to 30-40% in the next decade or so. Also, there is a high level of distrust between the government and the providers of higher education. We have a lot to learn for institution-building and there is a need for emphasising 'Making of India' rather than Make in India.' He further suggests, 'Widening the reach of education in the country, promoting research and world-class training programmes for academic administrators are some key measures needed to create a sustainable future for the country and its citizens.' Read on...
Mohammad Anas Wahaj | 08 may 2016
UK-India Social Enterprise Education Network (UKISEEN), a collaborative project between IIT Madras (India) and University of Southampton (UK), funded by British Council, was recently launched in India. Prof. Pathik Pathak, Director of Social Enterprise and founding director of Social Impact Lab at University of Southampton, explains his views on social entrepreneurship education and employment, aims and objectives of UKISEEN and how India is embracing social entrepreneurship. ON SOCIAL ENTREPRENEURSHIP: 'Fundamentally, it's about using entrepreneurship and innovation to drive social change. Social entrepreneurship is important because it gives students a unique skill-set...We think that social entrepreneurship is a catalyst for producing the graduates that the world needs. This is why so many universities in India have embraced social entrepreneurship.' ON UKISEEN: 'It involves universities collaborating to understand the best practices in social entrepreneurship education and exchanging ideas. There are two levels to the collaboration - at the faculty level and student level.' ON ROLE OF UNIVERSITIES: 'Employability is all about leadership now...universities' role includes more than merely educating students. Social entrepreneurship helps students inculcate innovation and creative skills. Fundamentally, it is about problem-solving, which is what leadership is all about as well. Besides, regardless of the profession you enter, you need to be entrepreneurial.' ON EMPLOYMENT OPPORTUNITIES: 'One can go and work in the social investment space...Another indirect way is that it gives them the skills to go into the workforce and become leaders.' Read on...
Mohammad Anas Wahaj | 05 may 2016
'Organization is as good as the people it hires,' says Anand Mahindra, Chairman and Managing Director of Mahindra Group. Mr. Mahindra has been with the business conglomerate for 34 years and led its growth into diverse industries, that include automobiles, aerospace, technology, farm equipment, hospitality etc. Talking about his methodology to hire the most able leaders, he says, 'A leader should know how to put himself/herself in someone else's shoes. You cannot be a good listener unless you are empathising with someone...When you empathize with the other person's point of view, you are able to hear it and integrate it. Once you can do that then you will inevitably be very curious, you will inevitably be a good listener who wants to get more information from others. This makes you a better people's person.' Such a person will be a constant learning machine, he adds. Another quality in business leaders that he is particular about is the ability to combine both right and left brain thinking, thus making them 'renaissance leaders'. According to him, 'Good leaders are people who know how to think visually, creatively and therefore are able to visualize different worlds...They are leaders who can survive in the volatile business world. They can join the dots, see disparate points of view, weigh them and then finally integrate them.' Read on...
The Economic Times:
Two Qualities Anand Mahindra Looks for in a Business Leader
Author: Sneha Jha
Mohammad Anas Wahaj | 03 may 2016
Vinod Khosla is one of the most visible face of PIO (Person of Indian Origin) entrepreneurship in Silicon Valley. He initiated his entrepreneurial journey in 1982 with Sun Microsystems, evolved into a top venture capitalist with Kleiner Perkins Caufield & Byers and now runs his own venture capital firm, Khosla Ventures, where he focuses on assisting entrepreneurs to build companies in the areas of energy, technology, internet, education, digital health etc. He shares 10 points from his accumulated wisdom for entrepreneurial success - (1) Be Persistent. (2) Keep Innovating. (3) Add Value. (4) Have The Guts To Follow Your Beliefs. (5) Try And Fail, But Don't Fail To Try. (6) Transcend What's Traditional. (7) Shake Things Up. (8) Build A Great Team. (9) Dare To Be Great. (10) Be Brutally Honest. Read on...
Mohammad Anas Wahaj | 30 apr 2016
India's demographic dividend will reap full benefit only when it successfully nurtures its young population through integrated actionable strategies related to skills development, job opportunities in diverse areas and creating entrepreneurship ecosystems. The latest Asia-Pacific Human Development Report points towards challenges that India faces regarding availability of employment to the increasing population. The report released by United Nations Development Programme (UNDP) said that between 1991 and 2013, the size of the 'working age' population increased by 300 million while only less than half (140 million) could get absorbed in the workforce, suggesting limited capacity of the Indian economy to generate jobs. The report estimated that by 2050, at least 280 million people will enter the job market in India. Moreover, according to India's Ministry of Labour & Employment data, an estimated 1 million people enter the workforce every month, while many others choose to study further. At any given point, around 30 million students are pursuing higher education in India. The UNDP report includes India into countries that have large low-income population, big agriculture sector and high rural-to-urban migration, and suggests that India can focus on specific industries, particularly in manufacturing, to create jobs considering that its manufacturing base is still small, contributing to only 15% of GDP and 11% of employment. According to Professor N. R. Bhanumurthy of National Institute of Public Finance and Policy, 'The creation of fewer jobs between 1991 and 2013 was largely because of the nature of growth the Indian economy experienced. It was mostly services-led growth with low employment intensity...The problem could be addressed if the government's effort to create more manufacturing jobs through programmes such as Make In India and Startup India fructifies.' India's large informal sector, which accounts for 84% of current jobs, adds to the workforce complexity and resulting challenges. The report suggests that measures need to be taken to tackle issues and concerns related to informal employment. The measures could include universal registration of workers; effective implementation of existing labour laws; formal binding guidelines for contracts between employers, recruiters and workers; reform and harmonization of major labour laws applicable to the industry; and reform of social security laws to allow more effective implementation. Read on...
India to see severe shortage of jobs in the next 35 years
Author: Asit Ranjan Mishra
Mohammad Anas Wahaj | 05 apr 2016
Globally, women entrepreneurs are trying to find their place in the male dominated bastions of the private enterprises. In some societies they get equal opportunities to work their ways to succeed but in some others they have to continuously struggle to survive, as they are ignored and their quest is hindered and restricted. Even though India provides sufficient support for women to make their mark in entrepreneurship, but the recent numbers released by India's Ministry of Statistics and Programme Implementation (MOSPI), paint a different picture. It should be a cause of worry as gender equity in all spheres is on India's inclusive agenda. Following are some highlights from the 'All India Report of Sixth Economic Census' by MOSPI on the state of women entrepreneurs - Women constitute only 13.76% (8.05 million) of the total entrepreneurs (58.5 million); Out of these entrepreneurs, 2.76 million women (34.3% of the total entrepreneurs) work in agriculture sector whereas 5.29 million females (65.7% of the total entrepreneurs) work in non-agricultural sectors; Among the states, the largest share in number of establishments under women entrepreneurship is of Tamil Nadu (13.51%) followed by Kerala (11.35%), Andhra Pradesh (10.56%), West Bengal (10.33%) and Maharashtra (8.25%); Average employment per establishment for women owned establishments is 1.67. Read on...
Mohammad Anas Wahaj | 19 mar 2016
India's healthcare sector is an opportunity with a room for diverse business models. According to a recent report by Government of India's Ministry of Health, it is estimated that the country would require 600000 to 700000 additional beds over the next five to six years, a potential opportunity of more than Rs 4000-5000 crores. In another report, United Nations Population Fund (UNFPA) research estimated that the number of people in India above 60 years of age will increase from 100 million in 2011 to 300 million by 2050. Dr. Anitha Arockiasamy, President of India Home Health Care Pvt. Ltd., explains the value of home-based care opportunity in India and how it can positively contribute to India's healthcare ecosystem by bridging the gaps in the health delivery mechanism. According to Dr. Arockiasamy, 'Recovery is a process that involves a great amount of care and nurturing. Be it recovering from a surgery, recuperating after a delivery or undergoing physiotherapy after any treatment, this period requires more care than medical assistance. The very thought of being discharged from the hospital and getting back home will start one's recovery process. Healing comfortably in your own home, under the supervision of your relatives as against being in a hospital, will boost the patients' morale to a huge extent.' She further adds, 'Geriatric care is an aspect that home healthcare players specialize in. Going beyond medical need, a lot of aged people look for simple assistance like accompanying them on a walk, spend time with them in light minded conversations, helping them with simple household chores, etc. A lot of home healthcare players go that extra mile to make the patient feel well taken care of.' Read on...
Mohammad Anas Wahaj | 08 mar 2016
TechGig Geek Goddess - Celebrating the Code Divas/Women in Technology of the Indian IT Industry (TG3), a 14-day engagement program where women coders got a chance to show their skills, concluded today on International Women's Day. The following were the top 3 winners and their brief comments - (1) Janani Anbarasan from CISCO: 'Considering the limited exposure women have towards programming, this level of competition targets women who aspire to become good programmers...' (2) Rijutha N. from CISCO: 'TG3 is a wonderful opportunity for working women to compete...' (3) Rashmi Kejariwal from Sapient: 'I would like to recommend people to take time off from their expected deliverables and pursue their interest and enhance their expertise in coding as TG3 provides a great platform...' While speaking on TG3, Puja Mehra (VP of Sapient Global Markets) said, '...TG3's tech webinars, AMA (Ask Me Anything) and empower sessions, for promoting our women in tech, helped us push our charter of making women's voices count. I personally liked the coding contest a lot. It was encouraging to see our leaders, encourage our women employees to participate...' TechGig.com website also mentions winners that got 4th and 5th place as, Priyanka Naik (CDK-Global) and Tarvinder Kaur respectively. Read on...
Mohammad Anas Wahaj | 27 feb 2016
Government policies and budgetary allocations play an important role in building a business-friendly environment. Since startups are essential for growth of economic activity, they need to be nurtured during their early stages of development. Government has to provide facilitating ecosystem for entrepreneurial ventures and give special consideration in annual budgets. Indian government's campaigns like 'Make in India', 'Startup India', 'Digital India' and 'Skill India', are driven to stimulate economic activity and support local business development along with attracting global investments. To fulfil these ideas and particularly 'Startup India', Indian government's Budget'2016 should have specific allocations for startups. Following is the list of 19 entrepreneurs and their expectations from the budget - (1) K. Balakrishnan, MD & CEO, Servion Global Solutions: Provide necessary incentives, legal/tax framework and infrastructure support to IT and Electronics industry; Increase investments in broadband connectivity; Improved IT infrastructure and e-governance. (2) Saurabh Arora, Founder & CEO, Lybrate: Increase the tax holiday period from 3 years to at least 5 years; Profitable startups be charged less corporate tax; Benefit of tax rebate on healthcare expense should be for entire tax payer class and not just for salaried class. (3) Aloke Bajpai, CEO & Co-founder, ixigo: Tourism-friendly policies; Focus more on infrastructure and develop airports and provide better connectivity to smaller towns; Better definition for online aggregators and their taxation norms; Clearly define online marketplace. (4) Sobhan Babu, Professor at IIT Hyderabad and founder of Plianto Technologies: Support for startups in the tender bidding process with easy norms. (5) Ankur Bhatia, Executive Director of Bird Group and Member of CII National Committee on Civil Aviation: Draft aviation policy and development of airports in tier-I and tier-II cities is a positive step; Address challenges related to complex policies, aggressive price cuts, multi-tiered tax system and infrastructure deterring the true potential of the Indian aviation industry; Treat aviations sector as national priority. (6) Rohan Bhargava, Co-founder, CashKaro.com: Fund-of-funds and tax benefits for startups need to be implemented effectively; Set out clear and measurable timelines with minimal bureaucratic intervention; Provide clear tax policy that will address the complications of the current tax structure faced by ecommerce sites; Present GST roadmap. (7) Manish Kumar, CEO & Co-founder, GREX Alternative Investments Pvt Ltd: Fund-of-funds should invest directly in startups; Proposed US$ 1.5 billion in FoF is not enough to make impact; Remove 'angel tax'; Relaxation on capital gain tax; Explore alternative ways for raising funds like venture debt; Promote risk investing through proper framework for investor exit. (8) Geetha Kannan, Managing Director, The Anita Borg Institute (ABI) India: Expecting 'gender mainstreaming'; Integrate gender perspective to all relevant policies and initiatives; Special allocation for women entrepreneurs; Provide women-friendly facilities and infrastructure in '100 Smart City' initiative; Focus on women-safety; Get more aggressive on women-specific policies. (9) Ankita Tandon, Chief Operating Officer, CouponDunia: Minimal government or bureaucratic intervention in channeling startup funds; Further increase existing tax exemptions for startups; Better internet connectivity in tier-I and tier-II cities; Introduce tax incentives for startup employees to encourage youths to join startups. (10) Srikanth Reddy, Founder/Chairman, Palred Technologies & LatestOne.com: Encourage participation of Indian institutional investors in startups; ESOP/Sweat Equity shares should be taxed when they are actually sold. (11) Deepit Purkayastha, Co-founder & Chief Strategy Officer, Inshorts: 'Skill India' program should work with 'Startup India'; Maket investments to impart contemporary skills and entrepenerial education; Overhaul of university incubators; Exempt tax on angel investments and ESOPs and relaxed regime for startups to go public and launch IPOs. (12) Pushpinder Singh, CEO & Co-founder, Travelkhana: Announce separate railways startup policy; Include only the transportation cost on rail ticket with additional facilities like food, blankets etc kept as optional charges; Develop a system to utilize data generated by railways everyday. (13) Sanjay Sethi, CEO & Co-founder, Shopclues: GST should become a reality; Tax incentives for startup employees; Policy support for startups going for IPO. (14) Mohit Dubey, Co-founder & CEO, Carwale: Steps toward concrete vehicular pollution policy; Incentives and rebates for hybrids and less polluting vehicular technologies; Fuel policy towards global quality standards and encourage less polluting fuels. (15) Vipin Pathak, Co-founder & CEO, Care24: Easy FDI investment norms, licensing and startup support (tax, documentation, licensing, legal). (16) Manu Agarwal, Founder & CEO, Naaptol: Provide clarity to taxation laws relatd to online marketplaces; Better infrastructure and logistic systems like larger ports and transit systems are need to facilitate imports. (17) Hitesh Doshi, CMD, Waaree Energies: Push for solar manufacturing industry through fulfilling material's requirement locally; Encourage local production through incentives and implementation of anti-dumping policies; Investments in solar energy R&D and technology innovation; Policy reforms like that of depreciation benefits. (18) Amit Mishra, Co-founder & CEO, Quifers: Streamline tax on capital deducted at source like giving first year start-ups the benefit of tax exemption at source; Decreasing service tax by a certain percentage in the first year of operation; Giving out tax benefits and incentives to early stage investors. (19) Chirag Haria, CEO of Aarogyam Energy Jewellery: Utilization of India Post Rural Network with incentives on Cash on Delivery (COD) orders in Rural India, to help increase rural spending; Income tax benefits for individuals/trust investing in Gold Monetization Scheme to bring down gold imports; Increase Excise Duty exemptions from 1.5 crore to 5 crore to encourage small scale manufacturing and prevent black marketing. Read on...
Mohammad Anas Wahaj | 20 feb 2016
Experts at the international health conference, 'Delivering On the Promise of Universal Health Coverage in India: Policy Options and Challenges', suggested that India has to sincerely and immediately resolve the issues related to the healthcare sector. Over the years the sector has been neglected, policy decisions are influenced too much with politics and the sector was unable to provide quality services. According to Prof. T. Sundararaman, dean of School of Health Systems Studies at TISS (Tata Institute of Social Sciences), 'The 12th Five Year Plan said it will be the health plan but soon after funds dried up.' Prof. Sundararaman mentioned some of the important issues adversely affecting the growth of the health sector - re-positioning the role of states, contradictory assessment of NRHM (National Rural Health Mission), contradictions in HR policy and a gap between expectations and reality in private sector engagement. Anjali Chikersal of Center for Policy Research said, 'The first thing we need is availability of data. India has critical shortage of manpower in the sector but we also have imbalances.' According to Ravinder Singh Duggal of Internatinal Budget Partnership, 'We are producing adequate number of doctors but we do not capitalise on that. India needs consolidated National Health Rights Bill as our approach to health is very fragmented.' Prof. Richard Cash of Harvard T.H. Chan School of Public Health commented, 'India needs to learn from others, especially from those who share like experiences.' Ajith M. Sharan, Secretary at Ministry of AYUSH, added, 'We need to look at different kind of paradigm with more focus on paramedics.' Read on...
India needs to urgently resolve healthcare issues - Experts
Mohammad Anas Wahaj | 14 feb 2016
Make in India Week has now started in Mumbai and along with it India Design Forum (IDF) 2016 is developing strategies and advocating how a facilitating design environment and culture can be nurtured to enable growth of manufacturing. IDF is integrated into Make in India campaign's plan to demonstrate the potential of design, innovation and sustainability across India's manufacturing sector. Rajshree Pathy, founder of IDF, explains, 'Design is not merely about clothes, shoes, handbags and jewellery, as is commonly believed. Those are incidental. Design is, in fact, at the heart of the manufacturing process. It is not a 'thing', it is a way of thinking.' Satyendra Pakhale, an Amsterdam-based designer, citing Tata Nano's example says, 'It is a good example of Indian design, which combined engineering innovations with a careful consideration for the demands of the domestic market. In fact, one of India's most famous qualities - jugaad - is indicative of an innovative mindset.' According to Simran Lal, CEO of Good Earth, 'It's important that we bring rural design and India's rural design communities along on this journey.' Time is now ripe for India to upgrade to a design-driven manufacturing ecosystem, attract global investments, partner with global corporations and manufacture for the world, but without losing the focus on serving the needs of the large local market. Read on...
The Indian Express:
Make in India Week - Putting design at the heart of manufacturing
Author: Pooja Pillai
Mohammad Anas Wahaj | 09 feb 2016
Dynamics of interactions, engagement and relationships between entrepreneurs and investors is an essential component of new business development process. During the initial phase of startup creation and at different stages of development and growth of their enterprise, entrepreneurs need investors that can fulfil their financial or fundraising requirements. Prof. Thillai Rajan A. of Indian Institute of Technology (IIT) Madras and Prof. Swati Panda of Institute of Management Technology at Hyderabad, provide insights on how entrepreneurs can improve their chances of getting funded if they understand the differences between various types of investors and pitch to them accordingly. They conducted a detailed survey of 45 investors, whom they classified into three categories - angel investors, independent venture capitalists (VCs) and institutional VCs. All types of investors consider valuation as having a mix of both subjectivity and objectivity, but the quantity of each vary with the type of investor. Higher number of angel investors indicated valuation as a subjective process, while higher proportion of institutional VCs consider valuation as an objective process. When asked about the priorities for the different factors that influence valuation, all investors indicated that founder and management team are the biggest influencer of valuation. Moreover all types of investors gave least emphasis to past financial performance, and focused more on the future prospects. In case of relative importance of valuation, deal structure and return covenants, although all investors gave valuation of deal first preference, but the relative priorities differ. For angel investors valuation is relatively lowest while return covenants the highest. Deal structuring has almost same emphasis for all. Prof. Rajan explains, 'This indicates that entry valuation can be an important determinant of returns. While deal structure and return covenants can help contain losses, valuation probably determines the magnitude of upside gains from the investment.' Knowing the differences between investors can assist entrepreneurs to customize their propositions and deliver effective and targeted communication. Read on...
Mohammad Anas Wahaj | 08 jan 2016
Technology-driven healthcare startups are finding new opportunities in India's mostly traditional healthcare system. But it is not an easy ride, with lack of digital orientation, policy and regulational scenario, slow pace of change in the healthcare industry etc. Simply put, these healthcare pioneers in India face more challenges than what the normal startups actually do. Mudit Vijayvergiya, Co-founder of Curofy, provides five most relevant challenges that all healthcare startups are broadly facing in India - (1) Slow Growth: Sluggish pace of growth of the industry is hard for survival. (2) Complex Industry: Complex rules and regulations can be obstacles for entrepreneurship and innovative thinking. Various policies are unclear and cause confusion at workplace. (3) Doctors are Tough: Miserable doctor patient ratio of 1:1700 and horrible 1:60000 in rural areas, make availability of doctors rare. Moreover digital healthcare is last on their mind. (4) Monetization: Slow growth of sector makes startups hard to monetize and to have a sustainable revenue model. Moreover social nature of the market and lack of financial ability of patients make it hard for private startups to make money. (5) Lack of Healthcare Mentors in India: Although India has large pool of trained medical professionals, but it has very few seasoned mentors and investors in the health-tech space to share their experience with entrepreneurs. Moreover track record of startups in healthcare is not very good either. Thus India currently lacks a win-win scenario for mentors, investors and entrepreneurs. Read on...
Mohammad Anas Wahaj | 06 jan 2016
Entrepreneurship is an essential component of the market economy. Entrepreneurs seek new opportunities through their extraordinary drive and skills, create enterprises that provide employment and generate revenues, to help economy grow. To successfully take leverage of demographic dividend and build a thriving economy, India needs to focus on entrepreneurship and continue to build an ecosystem that facilitates new venture development. As Kunal Bahl, Co-founder of Snapdeal, rightly said recently, 'India needs more entrepreneurs and less policy.' Given below is the partial list of Indian entrepreneurs that have created startups and hold a great promise in 2016 - (1) Abhinav Asthana, Postman (2) Jaydeep Barman, Faasos (3) Sahil Barua, Delhivery (4) Abhiraj Bhal, Urbanclap (5) Hitendra Chaturvedi, Greendust (6) Sunil Coushik, Prijector (7) Abhishek Goyal, Tracxn (8) Nalin Gupta, Auro Robotics (9) Virendra Gupta, Dailyhunt (10) Amit Jain, Cardekho (11) Nithin Kamath, Zerodha (12) Mohit Kumar, Roadrunnr (13) Byju Raveendran, Byju's (14) Abhinav Shashank, Innovaccer (15) MN Srinivasu, Billdesk (16) Rajesh Yabaji, Blackbuck. Read on...
Mohammad Anas Wahaj | 30 dec 2015
The technology-enabled interactions of consumers and businesses have provided opportunities to capture data and utilize analytics to improve business processes and enhance products and services for customers in variety of industries. The analytics industry ecosystem is mushrooming with numerous vendors, from niche providers to one-stop solutions that include capture, storage, access and study of data for valuable insights. Suhale Kapoor, Co-founder of Absolutdata Analytics, captures various aspects of the analytics industry and its evolution in 2015 and explains what are the expected trends in the year ahead. Trends in 2015 - Growth of new startups and digital marketing tools; Increased use of analytics and Business Intelligence (BI); Rise in use of social media and social advertising on mobile; Rapid expansion of Internet of Things (IoT); Video content; Content marketing and predictive analytics; End-user experience and integration of online and offline content to improve service standards. Trends for 2016 - Shift towards cloud; Streaming architectures will hasten data computations; Visuals will come to rule; Data integration tools will assume more importance; Centre of Excellence (COE) will equip a business in understanding the peculiar needs and challenges for a data scientist; The Internet of Things (IoT) is all poised to bring about a data revolution; Non-analysts will start to dabble in data. Read on...
The Analytics Sector - Emerging trends and forecast for 2016
Author: Suhale Kapoor
Mohammad Anas Wahaj | 19 dec 2015
The PPP Knowledge Lab of the World Bank defines a PPP (Public-Private Partnerships) as, 'A long-term contract between a private party and a government entity, for providing a public asset or service, in which the private party bears significant risk and management responsibility, and remuneration is linked to performance.' Different countries are incorporating modified version of the definition in their laws depending upon their own legal and institutional framework. Siraj Chaudhry, Chairman and CEO of Cargill India, suggests a PPP framework for India's agriculture for sustainability and better rural development, in which the government provides and co-finance the back-end of the value chain, while the rest is done by the private sector and the farmers. Although India has made continued progress in food security, quadrupling its food grain production. But a lot more is desired as its crop yield still hovers between 30% to 60% of the best sustainable crop yields achievable in developed and some other developing countries. There is substantial room for increase in productivity and total output gains. Moreover India has some of the highest postharvest food losses due to poor infrastructure and unorganized retail. To overcome infrastructural and supply-chain inefficiencies, degrading of land and water, effects of climate change etc, India requires a collaborative multipronged strategy in the form of PPP to utilize technologically advance farming practices, efficient supply chain and organized marketing and retailing. Mr. Chaudhry details the role of various PPP models that bring together all the stakeholders of the agricultural ecosystem for making India's agriculture as the engine of rural growth and development, to eradicate poverty, hunger and malnutrition, and in addition be a major source of food for the world - (1) Investing in smarter value chains: Develop food processing industry. Provide farm extension services. Enhance price realization. Cut out intermediaries. Improve supply chain through forward and backward linkages. (2) Improving access to credit, technology and markets: Utilize advance information technology and biotechnology. Provide farmers agricultural knowledge and guidance. Develop high-yield, pest resistant crops. Enable better management of natural resources. (3) Building farmer resilience to environmental shocks: Provide financial security to farmers. Enable them to de-risk through insurance etc. Develop integrated value chains. He cites the example of Maharashtra government's PPP for Integrated Agricultural Development (MPPIAD), that was catalyzed by World Economic Forum's New Vision for Agriculture (NVA), to develop integrated value chains. Read on...
Making India's agriculture sustainable through PPPs
Author: Siraj Chaudhry
Mohammad Anas Wahaj | 05 dec 2015
US-based Association of Collegiate Schools of Architecture (ACSA) while describing the goals of architectural education explains, 'As a professional discipline, architecture spans both the arts and the sciences. Students must have an understanding of the arts and humanities, as well as a basic technical understanding of structures and construction. Skills in communication, both visual and verbal, are essential. While knowledge and skills must be developed, design is ultimately a process of critical thinking, analysis, and creative activity.' Prof. Akhtar Chauhan, Director of Rizvi College of Architecture (Mumbai, India) and founder president of International Association for Humane Habitat (IAHH), provides architectural students his views, discusses various aspects of architectural education and suggests what the education system should look for to create professionals who can work cohesively and sustainably for the future. ON CURRICULUM AND CLASSROOM LEARNING: 'Each student is encouraged to find his or her own expression through creative exploration...several electives are included which provides colleges with opportunities to experiment, explore and evolve their distinctive philosophy. Here at Rizvi, we are concerned with issues of sustainable architecture, affordable housing, appropriate and innovative technology and humane habitat.' ON ACADEMICS AND STUDENTS: 'You are likely to find the dreamers and the rebels. The dreamers create new kinds of environments. The rebels are the ones who want to change the world and look at every aspect of academics accordingly...since students in architecture are generally stressed with creativity, they are more involved in the process of self discovery over marks.' ON SOFT SKILLS: 'These are integrated within the curriculum...It is imperative for students of architecture to learn to express themselves through different mediums, including model making, photography, design, films, and so on.' ON CHALLENGES FACED BY STUDENTS: 'For those getting into first year, the environment change is huge...They need to unlearn those old methods at every step and adopt a new approach which is much more creative and open-ended...Due to emphasis on creativity, almost every student struggles initially to find his or her own expression. And students soon realise that this becomes a lifelong struggle.' ON BALANCE BETWEEN INDIVIDUAL CREATIVITY AND CLIENT'S NEEDS: 'Creating something for a client is a two-way process and every student should try and develop solutions for spaces...Students should think about the environment, sustainability, and aesthetic expression so that their architecture contributes a pride-level in society.' ON FINDING INSPIRATION: 'Nature itself is a great source of inspiration. Students can also look upon the great role models, architects like Charles Correa, Achyut Kanvinde, Christopher Benninger and Laurie Baker...At institutional level, they can approach architecture societies, associations and networks for advice, consultation and guidance.' Read on...
The Free Press Journal:
"To create and innovate, you can't rely on copy and paste!" - Prof. Akhtar Chauhan
Author: Shraddha Kamdar
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