WILL ONLY MAKE THEM MORE POWERFUL!

I was in Cannes this year for the annual film festival! The day after the inaugural show, was a symposium on Indian flms. While speaking at the symposium, I said that the West better take India very seriously as sooner or later, in any case, Indians or Chinese will be owning all the major Hollywood studios, since they are mostly bankrupt and on sale. At the end of my speech, most people who came up to me seemed disturbed by my statement! Many asked whether I really meant that statement!

Well, I surely meant that! One look at the global rich list today and you will see how it has been stormed by the Indians. The reasons, as I said in one of my previous editorials, is of course more to do with the way Indian governments have helped privatise national resources than encourage real brand building abilities – (‘Blood billionaires. Scam Billionaires. Indians storm into the Forbes billionaires list’; December 23, 2007). The best proof of my statement is that when it comes to the world’s top hundred billionaires, we have a lot of Indians; but when it comes to the world’s top hundred brands, we don’t find a single brand developed by Indians. However, that, I believe, is going to change – at least partially. Tatas already own Jaguar and Land Rover. And they are seemingly turning the units around. So even if we didn’t create brands thanks to the Kalingas, Singurs and Poscos, our industrialists have been made billionaires by successive governments so that they can now buy up readymade brands and build upon them.     Read More....

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