Outsourcing is all geared up to cover one more area and this time its Medical Outsourcing
Medical Toursim off late has been catching up fast in India with top hospitals like Apollo ,Fortis etc, partnering with Tourism co-ordinator and providing world class treatment clubbed with tour to Incredible India.
And with management guru and thinkrs like Tom Peters writing about it on his blog,this surely is something which can be labeled an upcoming trend.As Tom mentions, a poor lady from America who is not insured and cannot afford to get herself treated in US flies in to India and get herself world-class luxurious treatment at just 1/3rd the price.Indian doctors are renowed community in US so this can be surely lableled as safe
Increasing insurance cost in west and long waiting list for treatment at government hospitals in coutries like UK and US are factor which will be catalyst for Medical Outsourcing .Also, poor health conditions in countires like Africa,Middle east and even south east asia, India surely going to become a Medical Hub.This might see the same trend in future what IT witnessed in '90s
Looks like the word 'Bangalored' gonna see more addition to its meaning
Sunday, October 29, 2006
Reliance launches its First Retail Store@ Hyderabad
Finally, the much awaited retail plan has started. Yes! I am talking about Reliance Retail Plan branded as Reliance 'Fresh'.
Indian retail sector is currently more than 90% under unorganised area and this shows the immense scope for growth.With increasing living style and spending power of Indians,Retail plans in India surely will see an exponential growth.
Reliance has laid huge plan for their retail biz and may even plan an IPO for that.They are starting with around 15 stores in Hyderabad from Nov3 and has plans to open around 5500 stores all across India.What makes Reliance strategy different from their competitors is that they are focussing at mid tier cities from the very beginning.Indian metor cities has already been witnessing mall/retail mania since past 2-3 years and Reliance just might take a different step seeing this.
I think going Reliance way makes sense.Since Tier 2-3 cities are virgin territories and if business house with muscle power like Reliance foray there first, they surely will cash 'First Movers Advantage'.
For their grand plan, Reliance has attracted leading names in this industry to join them, like Walmart India head, Pantaloons CEO with many other top people from big brands.
Reliance has previously made a huge change in telecom landscape when they launched Reliance Infocomm and now with their retial plans, I am sure Retail landscape in India and also the rules of the game.
Indian retail sector is currently more than 90% under unorganised area and this shows the immense scope for growth.With increasing living style and spending power of Indians,Retail plans in India surely will see an exponential growth.
Reliance has laid huge plan for their retail biz and may even plan an IPO for that.They are starting with around 15 stores in Hyderabad from Nov3 and has plans to open around 5500 stores all across India.What makes Reliance strategy different from their competitors is that they are focussing at mid tier cities from the very beginning.Indian metor cities has already been witnessing mall/retail mania since past 2-3 years and Reliance just might take a different step seeing this.
I think going Reliance way makes sense.Since Tier 2-3 cities are virgin territories and if business house with muscle power like Reliance foray there first, they surely will cash 'First Movers Advantage'.
For their grand plan, Reliance has attracted leading names in this industry to join them, like Walmart India head, Pantaloons CEO with many other top people from big brands.
Reliance has previously made a huge change in telecom landscape when they launched Reliance Infocomm and now with their retial plans, I am sure Retail landscape in India and also the rules of the game.
The power of 9
Today I observed somethng wrt 9
9 is the only number when multipied by any number will give a number whose summation of digits also gives number 9
Ex: 9 X 3 = 27 ; 2 + 7 = 9 9 X 7 = 63 ; 6 + 3 = 9
Strange no!!
9 is the only number when multipied by any number will give a number whose summation of digits also gives number 9
Ex: 9 X 3 = 27 ; 2 + 7 = 9 9 X 7 = 63 ; 6 + 3 = 9
Strange no!!
China keeping its fact right for IT- India Beware
As a daily habit of surfing through leading newspapers of the world,I was really surprised seeing China's optimistic view about IT While reading Shanghai Times(China's #1 business daily)It showed how well they are accepting the fact and also gearing up to beat their rival India.China is optimistic to beat India in next few years and there figures sounded realisitic and alarming.
Though we might be happy with Feel-Good factor with IT in India and IT and India almost pronounced simultaneosly, the number games are changing fast.
China has very well accepted that they are far behind India when it comes to software,but they know they are still leading in hardware by huge leap.Now,they have started executing their plans for training workforce in IT and English and as per Chinese Industry Association , they are really working fast.
Not only in terms of Education and training but also Infrastructure. It is a well known fact that China has by far better Infrastructure ,be it SEZs, Airports,Tech Parks or well planned cities.
Whereas, India still is lazying around and partying with success in IT. Infrastructure is deterioting day by day, specially at IT capital Bangalore. Signs of skill shortage has started showing signs with attritions touching 20% in many companies.
And its sad to see Govt focussing in stupid issues like reservations against improving education standards in schools and colleges.Although,engineering colleges are opening at a fast pace but how many of them actually give even average enginnering skills to students, I would say max 25-30%.
One good strategy which IT companies in India has started is expanding operations in China.We have TCS,Patni,Infosys,Satyam all opening shops in China. This will help these companies become truly global and at the same time cash on available talent pool and obviously huge Chinese market.
The need of the hour is to bridge the gap between industry and colleges.There is no point IT companies just crying about talent.It is time that industry come forward and partners with Enginneriung colleges in near by areas of cities to actually train students about what is expected from them. The benefit of such a program will be ,first availability of trained talent as per expectation right from campus thus saving huge recruitment cost and secondly increasing brand awareness of their company among the talent.We have few IT companies like Patni,Infosys and Satyam who have already started with such a model.Infosys has a large world class training centre,where they train new recruits depending on projects whereas Satyam and Patni has started tieing up with colleges to train students
I think it is also a duty of alumni to come forward and give back to their alma mater also.Devoting 2 hours in a quarter by going to college and sharing what industry is expecting,will definately help is decreasing the gap of skill shortage. Educating students about importance of soft skills is defn the need of the hour.
Because Remember, Outsourcing is not a friend of India. It will be friend of who so ever can provide cost advantage with skillled labour and we already have China,Ireland,Russia emerging as competitors.
Though we might be happy with Feel-Good factor with IT in India and IT and India almost pronounced simultaneosly, the number games are changing fast.
China has very well accepted that they are far behind India when it comes to software,but they know they are still leading in hardware by huge leap.Now,they have started executing their plans for training workforce in IT and English and as per Chinese Industry Association , they are really working fast.
Not only in terms of Education and training but also Infrastructure. It is a well known fact that China has by far better Infrastructure ,be it SEZs, Airports,Tech Parks or well planned cities.
Whereas, India still is lazying around and partying with success in IT. Infrastructure is deterioting day by day, specially at IT capital Bangalore. Signs of skill shortage has started showing signs with attritions touching 20% in many companies.
And its sad to see Govt focussing in stupid issues like reservations against improving education standards in schools and colleges.Although,engineering colleges are opening at a fast pace but how many of them actually give even average enginnering skills to students, I would say max 25-30%.
One good strategy which IT companies in India has started is expanding operations in China.We have TCS,Patni,Infosys,Satyam all opening shops in China. This will help these companies become truly global and at the same time cash on available talent pool and obviously huge Chinese market.
The need of the hour is to bridge the gap between industry and colleges.There is no point IT companies just crying about talent.It is time that industry come forward and partners with Enginneriung colleges in near by areas of cities to actually train students about what is expected from them. The benefit of such a program will be ,first availability of trained talent as per expectation right from campus thus saving huge recruitment cost and secondly increasing brand awareness of their company among the talent.We have few IT companies like Patni,Infosys and Satyam who have already started with such a model.Infosys has a large world class training centre,where they train new recruits depending on projects whereas Satyam and Patni has started tieing up with colleges to train students
I think it is also a duty of alumni to come forward and give back to their alma mater also.Devoting 2 hours in a quarter by going to college and sharing what industry is expecting,will definately help is decreasing the gap of skill shortage. Educating students about importance of soft skills is defn the need of the hour.
Because Remember, Outsourcing is not a friend of India. It will be friend of who so ever can provide cost advantage with skillled labour and we already have China,Ireland,Russia emerging as competitors.
F1-Farewell to Michael
Sao Paulo Grand Prix 2006 saw Michael Schumacher driving the ferrari for the last time and also bid him farewell.
He has been on everyone favourite list for years and has to be.After all with so many F1 season titles under his belt, he definately is one of the finest F1 driver of all times.
Good Bye Michael.
He has been on everyone favourite list for years and has to be.After all with so many F1 season titles under his belt, he definately is one of the finest F1 driver of all times.
Good Bye Michael.
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