Saturday, May 13, 2006

India tour of West Indies, 2006

As the Indian team takes on the windies.....the wind has started blowing strongly now with the Indian team making its presence felt in the carrebians. The tour becomes more important as the world cup is gonna be played in this island only in less than 10 months from now.....

Here's a update on who is saying what these days from both camps and hows the momento is builduing up!
Five bowlers the way to Test success: Chappell
PTI
May 13, 2006

"It's the bowlers who win Tests and we all know that. I am convinced that India need to persist with the five-bowler theory in order to win more Test matches," Chappell told PTI shortly after the Indiam team's arrival here. Chappell said he expects his young fast bowlers to step up to the task and excel in Tests as well. "It's an opportunity for them to seize the moment and prove themselves in
demanding conditions."


Dravid keen to end the West Indies drought
May 11, 2006

"We're not thinking about the World Cup," Dravid stated emphatically in the pre-series press conference at the Taj Lands End in Mumbai. "We are looking to win this series and if we learn a few things along the way that can help us in the World Cup, well and good. We are keen to improve both as a Test and one-day side and it's important we keep our focus."

Tendulkar's absence unfortunate: Lara
Cricinfo staff
May 13, 2006

"I think it is unfortunate because we are all entertainers. The public would have loved to see Sachin," Lara told The Trinidad Guardian after a practice session at the Queen's Park Oval before his team's sixth ODI against Zimbabwe. "He's going to be here for the World Cup hopefully, but any opportunity to see him would have been great for the public."

Well thats an interesting point...A maestro missing the other one!

For more updates and noinions....keep checking and keep posting ;)

Source: www.cricinfo.com www.espnstar.com

Tuesday, May 09, 2006

Organised Retailing: Opportunities and Challanges

Retail has no doubt opened up a plethora of opportunities to be explored along with challenges to tackle. Diversity in terms of culture and consumer behavior is something quite unique and that’s what makes the whole scenario even more exciting

Some experts believe that the most important tool to tackle and enjoy the coming wave of retail would be the understanding of consumer behavior, however few others believe that its all about putting the right things at the right place and that is what brings us to a level of deeper understanding of the underlying issues which have been ignored or rather being looked over…

As per the AT Kearney survey, India has been ranked as the most attractive retail market among 30 nations beating Russia and even China. The best part about this survey is that India got the best rank in the “saturation” index supporting the fact that the market potential is immense and a lot of room is there… Talking about the current retail scenario… India hasn’t done too bad…We have been ranked as the 8th best retail market in the world (Retail forward global retail outlook, December 2004). India’s fast growing is forecast to approach Italy’s slow growing market by 2008 as it loosens restrictions on foreign ownership of retail stores. The point highlight the long standing debate about FDI in retail for which the likes of Wal Mart are lobbying in the PMO for a while now… Micheal Duke, Vice Chairman – Wal Mart recently visited India and to a reply to a question asked in an interview about eagerness of Wal Mart to enter India, he said “Is 10 the highest” and then practically answering “10. Or Can I say 10+? We are very eager. We see a terrific country that offers so much opportunity.” (Source: BT, April9, 2006)

Another major area of opportunity is the employment. Retail is the biggest employment generator with employing 75 of the total workforce i.e. approximately 21,000,000. The number is expected to go up by 8,000,000 once the organized retail takes plunge.

Organized retail currently forms just 3% of the total pie… however the growth over the net 3 years would be 30% annually. The unorganized retail in India has a lot to do with the food and grocery shops and the penetration of food and grocery in organized pattern is mere 1% indicating an immense opportunity to explore and grow. Big Bazaar of Pantaloon Retail India limited started a series of “Food Bazaar” throughout the country and it now forms an integral part of their offering. Other players like RPG, Pyramid are also operating on the same lines by understanding the underlying benefits.

Another factor which is contributing to this positive wave is that in India, 53% of population is young (Source: HSBC). The definition of “young” here is a person who is of or less than the age of 25 years. It highlights the growing shopping trend as it’s the modern Indian youth whose average salary is increasing and hence the higher disposable income find its way to shopping.

As they say… there aren’t any free lunches….
The retail opportunity is no doubt big… but are we ready to accept it? Do we have the required resources to avail this goldmine?

Capital investment required is 5 bn US dollars however as per the current trend, the initial domestic investment is at close to 1 bn US dollars, the investors have to look at this perspective and find out the way to cover up the deficit of 4 bn US dollars.

Human capital is other grey area for this sector. The job opportunities in India has changed the employment preference of people especially youth who prefer working in IT/ITeS sector...The most important reason behind this behavior is the lack of awareness about the growth opportunities amongst people. With the growth, the number of persons required would be high and to tackle such fears…, companies like Pantaloon Retail India Limited has tied up with various institutes where there is a specialized program on retail management.

The technology that we use today in Indian domestic retail stores is not up to date as per the western counterparts. Recently the retailers association of India decided about making bar code compulsory for all the retailers to adopt. Whereas the stores like Wal Mart, Tesco etc. are using modern ERP systems with RFID technology to stream line and automate supply chain in order to increase efficiency.

Infrastructure needs to be improved especially if the foreign retailers are to be welcomed in India. Even at the domestic front, the retailers are facing problems with the soaring rates in property which is preventing them from leveraging the benefits of mass reach. Companies like Pantaloon Retail India Limited have established a property arm recently which will take care of the construction and mall management activities.

Overall the opportunity in retail looks big. The business looks promising, scalable and profitable. The challenges are daunting however with the right approach and right policies from government, the way can be made easier and the time to capitalize is… NOW!


Coming Up Next: FDI in Retail

Tuesday, May 02, 2006

A moment of achievement...a moment of motivation... a moment of satisfaction....

A moment of achievement...a moment of motivation... a moment of satisfaction....

The visitor's count reaches 100 today courtsey the continuous love and support from all of you... Thanks for bearing me and hope to keep u bugging in future as well.....

Together We Rawk!!

Friday, April 28, 2006

Retail : In the growth trajectory


Retailing: the next driver of the Indian economy… the good job that was started by industries such as IT/ITeS, Insurance has now been taken over by retail. While other industries keep up the pace of the growth, we have a new kid on the blocks.
However, how new it may sound, the concept of retailing started back as late as in1863.
Since then, the economy had seen few players in the modern or organized retail…. Companies like Pantaloon Retail, Pyramid Retail, and Shoppers Stop have been the “Big Players” of the industry
Retailing is the largest employer in India. The Indian retail industry is about 9.9 lakh crore.
The question is what has made industry people al of the sudden stand up and take note of it?
The answer lies in the change in the spending by consumers with increase in the number of middle class households acting as a catalyst. The average income of Indian middle calss family is increasing and so is the need for quality at the right price…

Right now, the organized retail forms a mere 3% of the total pie, hence the potential in terms of growth is immense, in fact 30% to be precise over net 3 years (source: KPMG-KSA Techno park-FICCI survey 2005). 97% showcases stores like mom and pop which is the most popular form of retailing in India.

Growth in organized retailing is happening also because of the formats that are being adopted by the retailers. From the known format of life style retailing, retailers have come up with supermarkets, hypermarkets and discount stores such a Big Bazaar, Spencer’s, Sabka Bazaar etc..
These stores offer the same quality available at any mom and pop store but at a discounted price which is usually lower than the MRP.. Another aspect that mobilizes footfalls is of “one stop shop”. One can find from a pin to a printer under one roof.
Big Bazaar is one instance which is changing the buying habits of consumers and that too fast. Regular innovative schemes such as “exchange mela” keep the buyer in the loop and Kishore Biyani, MD, Pantaloon retail knows that pretty well. “We focus on giving customer, value for money” he said in a recent interview with a business magazine.

The Indian market is warming up quite nicely to the organized retailing and stores like Big Bazaar; spencer’s are preparing a perfect competitive environment for the likes of Wal Mart and other international players for the time when they enter Indian market



Coming Up Next: Organized Retailing: Opportunities & Challenges



Tuesday, April 25, 2006

A letter to Greg Chappell

A letter to Greg Chappell

Hi Greg, hope you are doing fine and find this letter in the best of your finger.
I can understand the kind of pressure you have being the coach of number 3 cricketing nation in the world and physical injuries are just a part of it…. And whether media or Indian public believes it or not I very well understand that hurt finger needs a bit of air and you need to stick out of the compact window to nurse the injury

Media highlighted the agitation against you in kolkata when dada was dropped for ODI’s what media forgot to notice was that agitation was definitely against you but to show their aggression towards you for taking this decision too late. After all, how can a man with the highest success rate of captaincy along with qualities like sweet timer on the off side and power full hitter on the on side can be ignored…

You made or supported the right decision, he had to go… after all we are building a team for world cup 2007 and we need fresh blood, experience is already present in plenty….
So what if Rahul started his career at the same time when Saurav did. He hardly get any appreciation for his wonderful knocks, he had to over come the shadow of great cricketer and how can he do it… well I m sure u knew the answer, As a captain he has become your man as u are for Kiran More, I must say that you both form a great pair and why not?, you both share similar mentality and process…

Being a silent spectator is not easy and you did a wonderful job by not entering in to the famous argument between Surav and Rhul. I am sure that the argument would have been moving the direction u wanted to… smart move huh… and that is why I love your style… you are so smart!

Saurav did the wrong thing by entering the public arena and accused you for following malpractices and here’s why I adore you so much… before media could report the whole incident, you were ready with your story... (No, don’t take me otherwise, I am sure u told the “true story”) about Saurav asking you for favours before you becoming the coach…

You have time and time again proved consistency in your methodology, after the Saurav episode happened, every body expected you to act in the bizarre manner and drop Sehwag and Kaif but you adopted the right approach by maintaining the trend of keeping your faith on youngsters not performing and overlooking experienced performers… fresh blood, youth, energy, innovation… performance doesn’t matter alone, mere presence of them makes the team look more young.. At least from your vision and I must salute your wisdom which still so fresh and young and even at this age!

And finally I would like to thank you for your “Australian” style of working here in India, and if even now, Saurav thinks he has been treated badly… he must go back a few years ago and see what happened with Steve Waugh…

Keep up the good work Greg, I am sure “your men” would bring the world cup and the upcoming tour of West Indies would help you in understanding the best possible way through which it can be “picked up”

Regards
Your biggest fan!

Friday, April 21, 2006

The BPO wave...

“Thank you for calling HP Total care, may I have your name and phone number please”

Been there, done that…

The state of Indian economy has never been so good with sensex crossing all milestones. One industry which has contributed like anything is one which we all love to hate and hate to love.. BPO, astonishing however it may sound but removing these three words from the economic map of India can spell doom for the whole nation not just in terms of GPD growth but also in terms of number of employees this industry employs not every year, not every month but every single day….

We as in Indians have made our self addicted to such high growth and job opportunities that criticizing it can be a big suicide.
After all, what this industry has which is driving the Indian youth towards it and has made them as forever slaves of its ever-growing empire

The answer is very much clear in the hi-fi lanes of gurgaon and noida…
What all a B com or a BA graduate can expect n that too in 3rd class?

I f I would have asked this question 5 years back, the answer might have involved a stressful and struggle filled 9-5 job with little money to spare..
But now the same graduate can have a job that offers..

5 days a week, free pick up n drop in AC cabs, Ac office with hi tech infrastructure and cool environment and salary as high as hard u can work as your every extra hour or extra day other than routine can fetch u overtime money!

All one needs to have is good control over English language and willingness to work in nights which anyways has become a part of any mid teenager in a metro.

BPO has no doubt filled a huge gap of unemployment with fuelling all fii’s resulting in high growth in terms of GDP….

But somewhere down the line the policymakers have let go this industry with out control and as a result what we r witnessing today is that Indian youth becoming addicted to such kind of jobs because of the money factor, take a quick survey around and u will find very few who have a clear cut vision about their career growth in a BPO.
With undergraduates actively forming an important share of the workforce, there is a clear loophole in the hiring norms of these so called multinationals.

To add fuel to the fire, Call centers have mushroomed all over the places to get advantage of cheap labor and not all are serious recruiters. One would find hardly 2 or 3 BPO’s offering an employee what he /she is worth of.

Such companies hire young blood by promising them a fast track career growth from an agent level to team leader and so on…
However the reality is far from it and one sees him/her self as being the part of never ending cat and mouse game where employee is always a loser, once out of this job, one finds him/her self at the starting point as industry doesn’t recognize their efforts as a valid work experience and rightly so as guiding an American about how to install his new computer is hardly a value add to one’s profile.


On my personal front, BPO has always done a great favor from winning the debate at college level (supporting the fact that it is a hurdle to nurture future talent of India) to being a part of it for the second time to earn some quick bucks!

Willingly or unwillingly, BPO has become a sore pill which has to be taken in order to keep the economy healthy and strong…

Thursday, April 20, 2006

A visit to heaven..!

If beauty can be expressed in words, If God can be expressed in religion, if love can be expressed in moments spent, if gratitude can be expressed in eyes , if memories can be expressed by nostalgia, …

There she was, a sheer beauty right in front of me in its full glow, getting readying for her next big endeavor, looking like a newly married bride.

My trip to Chandigarh was no less than a one day military training camp. No sleep for over 48 hours, traveling like hell and walking almost unstoppable and yet at the same time enjoying every bit of it.

Never before I thought I would witness her and just like an artist’s expression, she was right there in my heart glooming with beauty with each passing day.

As GOD would help a true lover meet his destiny, we got a help from one of our friend for reaching to her doorsteps.
Long journey, lack of sleep and excessive walking took its toll on me and I went in to a slumber and as they say, the silence before the storm…

Someone shook me and I got up to see the one of the most beautiful creations of GOD, off course made more graceful by humans.

Her outer looks depicted a picture perfect. A picture, which was beyond my imagination. Had I been a poet or writer, it would have presented a perfect plot for bestseller.

But as outer beauty doesn’t always depict the inner character, her premises from outside looked no less than a princess castle and there she was in her full glory and beauty emanating rays of charm and pride, being served with utmost care….

If you are still expecting a woman, I m sorry to disappoint you….
Ground depicted a green carpet, with seats so modern and scoreboard looked like a vacant canvas ready to be filled with colors of action between India and England test match to be played in the next few days..., for a moment you would pinch yourself to believe that you are in Mohali and not in Lords!

Witnessing perhaps the best cricket ground in India was no less than a privilege and that too when it was getting ready for a big match…the images of covered pitch, lush green outfield, empty scoreboard, flags of India and Sri Lanka right above the pavilion and hoardings of “Ambuja cement” are still fresh in my memory and would never die until new one takes over which I m sure would be when I would get an opportunity to watch an ODI at this blissful place…

Last but not the least, I would like to say that for any cricket lover in India, if there is heaven on this earth, then it is Mohali cricket ground,
If u think I wrote too much or over reacted, then go and give your eyes a treat to watch, give your senses a feel which would be beyond sensation…visit mohali cricket ground and trust me you would believe that you have visited heaven….