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AseanAffairs Magazine July - August 2010

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                                                                                    LEADING INDUSTRIES IN INDIA


G V Krishna Reddy is the founder and chairman of GVK, a diversified business enterprise with interests in a wide range of businesses including power generation, airports, roads, urban infrastructure, bio-science, hospitality services and manufacturing sectors. In recent years, GVK has increasingly focused on the Infrastructure sector which has been identified as its core business area for future growth. Ramkrishan Prakash Hinduja has been Chairman of the Board of Hinduaja Global Solutions Ltd since October 2007. He also serves as Vice Chairman of Gulf Oil Corp. Ltd. and has been its Non Executive Director since Aug. 19, 2002. He graduated in science and economics from University of Pennsylvania, Philadelphia, USA. Sunil Godhwani has been Managing Director of Religare Enterprise Limited, the holding company of Religare Insurance Broking Ltd. and Religare Commodities Limited since April 9, 2007. He is a graduate in chemical engineering and has a master’s in industrial engineering and finance from Polytechnic Institute, New York.

What factors account for your company becoming acknowledged as a leader in its field?

Sunil Godhwani: Staying committed to the overall vision of Religare of becoming a global financial services player despite the volatility of the markets either in India or globally. Putting in place an aggressive and passionate team taken from among the best talent in the industry, who breathe and live the brand, backed by state of the art systems, processes and infrastructure.

Prakash Hinduja: Hinduja Group has been in operation for the past 96 years and we are present in 35 countries employing more than 50,000 personnel in Group companies in many different industries. Our Group principles are very well defined: Work to give, Word is a bond , Act local, Think global, Partnership for growth, Advance Fearlessly. G. V. Krishna Reddy: Doing value accruing projects, completing projects on time, not compromising on quality, emphasizing health, safety and the environment, managing cash and debt effectively, business performance and company reputation.

Would you specifically comment on how you intend remaining at the top and what the opportunities and challenges are?

Sunil Godhwani: For Religare, rankings and positions do not matter as much as staying focused on achieving our goals and objectives. For us, it is key to keep our eye on the bigger picture, our vision for the company, our consistency in meeting and raising benchmarks that we set ourselves and most importantly continue to empower our people to drive the company to new heights.

Prakash Hinduja: Our expertise combined with low manufacturing and production processes. In short, cost efficiency without compromising on quality. Also we constantly strive to innovate and create products that are the needs of today’s growing economy. A good example of this is Nissan Motors to produce vehicles for global consumption. G. V. Krishna Reddy: If we continue to achieve what has been listed above, we should be in a position to maintain our leadership position.

Leaders of three leading companies that drive the Indian economy discuss the current position of their companies, their views on Asean, possible policy changes in government policy and the role of globalization. >>Although the Indian government is well aware of the need for reform and is pushing ahead in this area, business still has to deal with an inefficient and sometimes still slow-moving bureaucracy.<<

How important are Asean countries to your expansion /development plans?

Sunil Godhwani: In Asia, apart from India, we do have a significant presence in Hong Kong, Singapore and Malaysia. It would be safe to say that at Religare, we feel that Asean countries together with BRIC (Brazil, Russia, India, China) countries will be instrumental in the growth of the merger and acquisition markets.

G. V. Krishna Reddy: The opportunities available in India for infrastructure development are so huge that there would not be a need for a player like us to look for opportunities outside India. But if a great opportunity comes our way then we are prepared to look at it.....

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