Home / Knowledge / News / Technology as new drivers of the future
Technology as new drivers of the future
24
Jan '08
At a special breakfast session organized by CII and The Boston Consulting Group in Davos this morning, Mr Kamal Nath, Minister of Commerce and Industry said that the appearance of companies from emerging markets as new global challengers was a new phenomenon and had surprised all.

Mr Kamal Nath stated that cost arbitrage alone did not propel these companies on the global market place. He was of the view that it was a combination of entrepreneurship ability and technology which enabled these companies to get centrestage.

The minister also added that for about a decade such companies in India, china, Indonesia, Philippines, Thailand begun getting their act together and several of them have now become global.

The Minister mentioned that even in India, many were newcomers, taking advantage of technology and the demographic advantage. The new drivers of the future had shown the power of this combination in India.

Mr Nath said that the large domestic market had helped the Indian companies to be competitive and catapult themselves globally. Indian companies had taken advantage of globalization and were globally competitive and added that east asia was most competitive region.

The fact that there was there was a spate of regional trade agreements that India was entering into underscored that India and the rest of asia was reaching out to each other.

Earlier, Mr Hans-Paul Buerkner, President and Chief Executive Officer, TheBoston Consulting Group, which had drawn up the 2008 BCG 100 New Global Challengers comprising 100 companies from Rapidly Developing Economies, mentioned that many of these 100 companies came from nowhere, but though they were challenging the status quo, these companies also represented a great opportunity for those who understood this phenomenon and act quickly. Mr Buerkner said that these top 100 companies were growing 3 times as fast as Fortune 500 companies.


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search