Indian Court Issues Warrant for Porsche C.E.O.s Arrest – NYTimes.com

An Indian court has issued an arrest warrant for Matthias Müller, chief executive and chairman of Porsche, the German carmaker, and eight other executives from the company.

Another case of German high-handedness where they show little respect to Indian partners, knowing they can rely on their legal system to side with them.

Whether the arrests will happen or not, this action by the Jaipur court is a strong signal that Indian companies have come into their own and will not allow themselves to be walked all over.

Kai Pfaffenbach/Reuters
Matthias Mueller, chief executive of Porsche, posing inside a 911 sports car, at the company’s headquarters in Stuttgart, Germany on Jan. 9.

via Indian Court Issues Warrant for Porsche C.E.O.s Arrest – NYTimes.com. Continue reading

Of Godmen & GUIs

The ‘Fast-unto-death’ theatrics of the past few weeks, allegedly (sic.) in a fight against corruption in India, have urged me to finally bring this article out of my closet. I wrote it fifteen years ago, almost to the day, for frogdesign‘s rana#3, a brilliant in-house publication that they shelved inexplicably. 

Godmen were around those days too, (their business model hasn’t changed) snaring people into their spiritual concoctions and exploiting India’s superstitious side. GUI was a term almost nobody had heard then. We in India still speak out the letters, not ‘gooey’ like the rest of the world does. Read it, like it, hate it, keep it, share it. Here goes …

India, at the end of History …

… is mystical and hi-tech.  Impoverished and affluent. A billion-strong society in a pulsating state of chaotic equilibrium. Cows and cars share city streets.  Superstitions abound and Godmen flourish.  We will show our palms to people who promise a peek at our destiny, or say they can chant away a terminal disease. We have much to learn, but the world can learn a great deal from us …  Continue reading

Overthrowing the incubation regime

From an earlier post Business Incubation 101 that forms the preamble of my incubation idea. Thanks for all the offers of support – shows me that the idea resonates with many.

1. First bring the academia out of the safety of the cocoons we’ve woven around them. Have them check out what the world looks like. Today’s world. Today’s India.

2. Next, focus towards incubating ‘people’. They should be the real focus. Find real mentors. People that have been in the entrepreneurial world even if they have failed. They are the best teachers. Not professors of colleges. Don’t talk about incubating business. Leave that to the Western world.

3. Next, teach people to fish. No point in teaching fishing in your living room aquarium. At least walk them out to a brook. Pick up all the university incubation centres and physically put them off campus. That’s where the world exists. Not in the time warped government funded institutes.

Entrepreneur-ism is not socialistic. And capitalism doesn’t necessarily mean greedy or mercenary – especially in the context of India’s ethos. Make entrepreneurship an attractive lifestyle and stop being condescending irrespective of the preamble of our constitution. That goes for all those holier-than-thou bankers and VC’s.

Business Incubation 101 (India)

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 This post is India centric.

Thinking lag is a serious condition. I remember how the older folks used to tell us ‘in our times things were so much cheaper’. Look at how the Government patronises unsuspecting academia and students by announcing Goals 2020 and supports it with Funding 1920. It’s not even smart political thinking. Call it Politicalaggard thinking.

Mayawati will spend Rs. 2000 crores (USD 400 million) dotting the UP countryside with ego-stroking statues of herelf and her mock leather handbags while the Government announces 1 crore for business incubation. Here …

The government has now formulated a scheme to set up around 100 incubators in the country to encourage the development of new businesses. It has earmarked a budget of Rs 1.13 crore for 2007-08 for providing grants to 50 universities and training institutes for setting up these incubators!

[read the original evangelising here]. And don’t miss ‘proud’ exclamation mark.  Continue reading