And for a Friday after attending a very memorable and landmark event, 100 years of German Giant, BOSCH in India, some thoughts….. some musings…..
Post the Trump era and the invasion of Ukraine by Russia, the World order is completely changing. Old combinations and alliances like NATO have strong fissures. New amoebic strategic groupings are being formed. At the G-7 meeting in Elmau in Germany, PM Modi was invited along with his counterparts from South Africa, South Korea and Australia. BRICS countries have just concluded their meet and Iran and Argentina have requested membership. Quad is a strategic grouping of US, India, Japan and Australia. All these political permutations have major economic opportunities for India. G-7 has toughened its stance against China advising to reduce “strategic dependence” on China and asking her to drop “expansive maritime claims” in South China Sea. US-China trade sanctions will only speed up the world’s leading companies to hasten the “China plus 1” manufacturing strategy. Vietnam, Thailand or Bangladesh do not anyway compete with India in high tech high intellectual manpower oriented future technologies.
Amongst the big four manufacturers of Germany; Siemens, BASF, Bayer and BOSCH have just completed 100 years in India and unlike the other three who have so far been mostly China centric, BOSCH has been heavily invested in India. PM Modi inaugurated the 76 acres, most modern Innovation campus in the heart of Bengaluru city. The company led by its dynamic MD, Soumitra Bhattacharya uses AI, IoT and other latest Digital technology solutions for its global operations. The Campus employs an advanced AI powered Analytics platform that enables Smart Energy and water management. 85% of energy is from rooftop solar panels and 65% of annual water demand from Rain harvesting. The manufacturing units at the Bidadi industrial estate have some of the world’s best chip based “smart” technologies. The company is a leading supplier of Mobilty solutions, Industrial Technology, Consumer Goods, Energy and Building technology.
The world economy is undoubtedly in VUCA times. India is no exception. But as a Nation we are in a sweet spot. Let us resolve to convert every risk into an opportunity, the competitive way, the innovative way, the SEEGOS way.