CELEBRATING ENGINEERS' DAY

In our country we celebrate 15th September as Engineers' Day in the memory of late Sir M.Visheshwaraya, one of the chief brains behind India's industrial and engineering development.

MAY MASALA

The INSEAD business school in Fontainebleau,France has conceived a Global Innovation Index(GII), a model to show how countries are responding to the challenge of long term economic growth through innovation. The index is based on data from a variety of sources, some objective and some subjective, and includes things such as GDP growth rates, university enrollment rates, and results from the World Economic Forum's annual Executive Opinion Survey.
The GII has in INSEAD's terminology 8 pillars, five input pillars and three output pillars. The input pillars, which support a country's ability to generate and use ideas for innovation, are (1) institutions and policies,(2)human capacity,(3)infrastructure,(4)technology sophistication,(5)business markets and capital. The output pillars, which represent the total benefits of innovation, are (1)knowledge,(2)competitiveness, and(3)wealth.
Out of the 107 countries measured, the GII shows that the US is the most innovative country by a wide margin, followed by Germany, the UK,Japan, and France.India ranks 23rd and China 29th .Because of its recent rapid growth India will presumably move up the GII ranks in future.

A New Business Paper " UDYOG DUNIYA"

I am launching a business newspaper titled " UDYOG DUNIYA" in Oriya language for the benefit of both existing and budding entrepreneurs of Orissa. If anybody interested to subscribe this fortnightly paper , then contact me immediately.

For a sample of UDYOG DUNIYA, you may email me with your mailing address ...chinmaydas@gmail.com

CRICKET WORLDCUP,INDIAN BILLIONAIRS AND NANDIGRAM

World Cup Cricket-2007
Herschelle Gibbs of South Africa scored six sixes in a over of Bunge of Scotland, surpassing the previous record of Jayasurya of Srilanka in World Cup cricket.

Indian Billionairs rule the Business World
According to Forbe's latest list of Billionairs , India has 36 in the hotlist, becoming the country having maximum number of billionairs in Asia surpassing Japan. Steel Baron Laxmi Narayan Mittal is in 5th position while Ambani Brothers are in 14th and 18th place in the world.

From Kalinga Nagar to Nandi Gram
Acquisition of land for the development of Industries in many places of eastern India had resulted in bitter pills for government due to poor and hasty handlings of various deals. Nearly 17 adibasi people died while protesting against the acquisition of their land by Tata group in Kalinga Nagar of Orissa. Now Nandi Gram(West Bengal) residents are opposing the setting of SEZ. As per the latest report 12 peole have died in Nandigram , making the both Central and State Government to think judiciously about the imlemetation aspect of Globalisation and Industrialisation.

FEBRUARY COOL STUFFS

BANGALORE : The Chip City
Bangalore is now home to 70 of the 130 firms(including multinationals) engaged in chip design in India. That makes it not just way ahead of the rest of the Indian competition but one of the top global clusters in chip design, comparable to Silicon Valley, Cambridge(UK), and Taiwan. If we break up the chip design work into design services(designing for others) and proprietary or innovative designing, Silicon Valley, Cambridge(UK) are already ahead. But if design services are considered, Bangalore is in forefront. Global players opt for chip design services offered by Bangalore firms for multiple reasons like talent availability, cost advantage etc.

Travel Portals get Rs.500 cr from PEs in 2006
Travel Portals are increasingly catching the fancy of Private Equity (PE) players with investments in this fast emerging business segment registering a 100 percent jump. The past year alone has witnessed investments of nearly Rs.500 crore being pumped in.

Good Time for SMEs

Small and Medium Enterprises(SMEs) heve become the darlings of corporate India. Bankers pursue them with loan offers, IT vendors say that their real market lies with them, stock market analysists search among them for next infosys, and consultants make presentations about them. SMEs with a turnover of Rs.50-400 crore are hot property these days. Everybody from banks, VCs, private equity players and hedge funds are zooming in to capitalise on their entrepreneurial zeal.
Today's SMEs are a different breed. They have acquired companies abroad, become part and parcel of global supply chains and are even convincing foreign manufacturers to outsource patented design work to them. Two main trends---ancillarisation and export orientation---have been responsible for the change. Small and medium vendors have adapted themselves to the needs of large local manufacturers and have also become suppliers to global manufacturers, the auto ancillaries industries being a prime example.
Give your opinion.

UCEAN Register in Alumni Website

To get in touch with old pals of U.C.E., Burla , you may register with www.alumniuce.com and get access to a large pool of old friends.