Category Archives: Entrepreneurialism

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India on Mars: Space Missions Create Business Opportunities

In the vast expanse of the cosmos, humanity’s journey to explore the unknown has transcended national borders. India, with its ambitious space program, has made significant strides in this domain, culminating in its landmark Mars mission. Beyond the scientific and technological achievements, India’s ventures into space have also opened up a myriad of business opportunities, paving the way for innovation, collaboration, and economic growth.

Exploring Mars

India’s Mars Orbiter Mission, also known as Mangalyaan launched in November 2013, marked a historic milestone for the country’s space agency, the Indian Space Research Organisation (ISRO). It made India the first Asian nation to reach Mars orbit and the fourth space agency in the world to do so. This accomplishment not only showcased India’s technological prowess but also demonstrated its capability to undertake complex interplanetary missions at a fraction of the cost compared to other nations.

Technological Advancements

The success of India’s Mars mission underscored its growing expertise in space exploration, prompting increased interest from both domestic and international stakeholders. ISRO’s advancements in satellite technology, propulsion systems, and mission planning have not only bolstered its reputation but have also positioned India as a viable partner for collaborative space endeavours.

Commercial Satellite Launch Services

One of the most lucrative avenues that India’s space program has opened up is in the realm of commercial satellite launch services. ISRO’s Polar Satellite Launch Vehicle (PSLV) has gained a reputation for its reliability and cost-effectiveness, attracting customers from around the globe. By offering competitive launch prices, India has emerged as a preferred destination for countries and companies seeking to deploy satellites into orbit.

Remote Sensing and Earth Observation

India’s constellation of remote sensing satellites provides a wealth of data for applications ranging from agriculture and urban planning to disaster management and environmental monitoring. Leveraging this capability, Indian startups and enterprises have developed innovative solutions that harness satellite imagery for various commercial purposes. From precision agriculture to infrastructure development, the insights derived from these satellites have spawned a burgeoning industry with immense growth potential.

Space Tourism

With the advent of commercial space travel on the horizon, India is poised to capitalise on the burgeoning space tourism market. While the focus has primarily been on orbital and lunar tourism, the allure of venturing beyond Earth’s confines has captured the imagination of enthusiasts worldwide. India’s burgeoning private space industry is actively exploring opportunities in this sector, with plans for suborbital flights and beyond. Since The Red Planet is such a global buzz, of course we should put out marketing, publicity, media releases and public relations efforts in its direction.

International Collaboration

India’s space program has fostered extensive collaboration with other nations, facilitating technology transfer, joint missions, and shared research endeavors. Collaborative projects such as the Chandrayaan missions with NASA and ESA, as well as participation in initiatives like the International Space Station, have not only enhanced India’s capabilities but have also created avenues for commercial partnerships and knowledge exchange.

Emerging Technologies

The convergence of space technology with emerging fields such as artificial intelligence, robotics, and 3D printing has spurred innovation and entrepreneurship. Indian startups are at the forefront of developing cutting-edge solutions for space exploration, satellite manufacturing, and in-situ resource utilization. As the space industry evolves, these technologies will play a pivotal role in shaping the future of space commerce.

Policy and Regulatory Framework

To harness the full potential of space exploration and commercialization, India has been actively revising its policy and regulatory framework. Initiatives such as the Draft Space Activities Bill aim to streamline licensing procedures, promote private sector participation, and ensure compliance with international obligations. By fostering a conducive environment for investment and innovation, India is poised to emerge as a key player in the global space economy.

Life on Mars? We Will Be It

It’s true that David Bowie, even post passing, has a substantial cult following in India. So it would be no harm to invoke his famous song Life on Mars when considering that Indians on Mars are a real prospect thanks to our vibrant, imaginative and courageous space agency known as the Indian Space Research Organisation which is the active program within the Department of Space. The fact is, as India’s population continues to grow fast, we need more space – and that can be expanded with a capital S to Indians need more Space. Outer, inner, under, or wider, our population is booming not just within India but around the world. We have now overtaken China as the country with the highest population. If NASA’s Rover mission needs better teeth for picking up rock samples, Indian dentists and veterinarians are best placed to ensure this robot has the finest gnashers in the universe.

Space is a Trading Post

India’s foray into space has transcended mere scientific exploration, ushering in a new era of economic opportunities and technological advancements. From satellite launches to space tourism, the country’s space program has catalyzed innovation, collaboration, and entrepreneurship across diverse sectors. As India continues to chart its course among the stars, the possibilities for business and growth in the final frontier are indeed limitless.

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Indian Cotton is All Class

Wherever you are in the world it is probable that you own a garment made from Indian cotton. Indian cotton has been taking all before it, as cheaply manufactured clothing from quality cotton spreads the message globally. India has over 12 million hectares producing cotton, making it the second largest producer in the world. With a large and vibrant textile industry things are looking good on the cotton front. There is even a growing environmental consciousness in the country, which is turning to organic and eco-friendly textiles. Indian cotton is all class, across a range of products.

Cotton a Growth Industry

Indian cotton production is estimated to rise by some 8.1% for the 2018-18 year, according to CITI chairman, Sanjay Jain. Indian cotton is attracting high prices, both domestically and internationally. India is the world’s largest producer of organic cotton, with an annual production of over 75 000 tons. Organic cotton demand is increasing for sanitary products, children’s wares, bedding furnishings, towels, and all types of apparel. People want good healthy fibres against their skin. Indian cotton is all class, when it comes to eco-fashion and homewares. Organic clothing is taking off around the world, in terms of demand and interest.

Branded Cotton is the Place to Be

Customers everywhere are recognising the value of clean and green products, especially around things like clothing. Pesticide free cotton is a safe alternative. Things like modern, globally-available very stylish men’s jackets in Sydney, Paris, London and New York, are attracting plenty of attention in 2018. Indian cotton is all class, when you consider the variety and range of fashions and textiles available globally. These jackets are catering to the corporate market and we are seeing far more bespoke options in this sector. Branded cotton is the place to be for Indian cotton, as it attracts premium prices in the market.

Recognised Premium Cotton Brands

Egyptian Cotton is a good example of branded cotton in the global textile market. Customers, now, recognise that brand as a signifier of top quality cotton. Supima from the United States is a further example of successful cotton branding attracting premium prices. Suvin cotton from Tamil Nadu and Shankar 6 from Gujarat may soon become recognised cotton brands in the very near future. This can only occur if the quality control of Indian cotton producers continues to be emphasised and standardised. India wants its share of the premium cotton market and is actively heading in that direction.

 

 

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Indian Business Law: A Brief Primer

Indian business lawMuch of the Indian business law is based on the English common law. As a matter of fact, various legislations introduced by the Brits are still being enforced in a modified form until now. The country’s legal history can be traced as early as the Bronze Age and the Indus Valley civilisation. Since then, the laws in India, including Indian business law, have changed from a religious direction to the existing constitutional and legal system the country has today. You can click here to know more about the brief history of Indian business law.

Indian Business Law: A Brief Primer

When the East India Company was established in India, it became the major turning point of the country’s legal history. The company was given the authority to create laws and enact them in a manner they deem as necessary. In most cases, some people criticise the  complexity of the country’s legal system, especially in terms of the Indian business law. Having said that, there are still provisions of the law that are much simpler than those in the United States and Australia.

There are four major sources of Indian business law. These are the English Mercantile law, the Statutory law, judicial decisions, and those from customs and usages. The English Mercantile law, which directly translates to the ‘merchant law’, served as the basis of the structure of the Indian business law. On the other hand, the Statutory laws are the legislations created by the Parliament. A lot of Indian business laws are Statutory laws.

Judicial decisions are crucial sources of the Indian business law. The previous cases decided by the higher courts are often referred in cases being tackled in the lower courts. Meanwhile, Indian business laws based on customs and usages play a significant role in business transactions in the country.

Indian Business Law and Charitable Institutions

In 2014, a law was enacted wherein businesses in India are compelled to ‘give’ two percent of its profits to charitable institutions. According to The Guardian, India is the first nation to enact such law. Companies with annual profits of at least £105m should give away two percent of it in organisations that focus on improving the country’s education system, alleviating poverty, promoting gender equality, and decreasing hunger incidence. As per India’s lawmakers, the law will greatly help the social development efforts in the country.

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Overseas Property Investment Opportunities

A huge number of Indian companies and private individuals today engage in foreign investments as they expand their services and reach new financial heights. It is important for companies to grab every investment opportunity to help them secure their financial future. And while property investment within India is looking rosy-cheeked for the foreseeable future, many Indian companies today think outside of the box as they engage in investment to other countries. Let us look at who goes inside overseas property investment and the opportunities they provide to its investors.

When it comes to overseas property investment, one country that has been growing and popularity and has received their fair share of the spotlight over the years is India. It should be noted that India is a prosperous and wealthy country that is home to many of the richest people in the world. One good example of this is the Jindal family who is ranked among the world’s top 80 richest by Forbes. Jindal Steel & Power have bought two minor stakes, worth a total of $26 million, in Australian iron ore and coal mines. This was followed by Gautam Adani, a self-made Indian billionaire with his US$2 billion purchase of a coal mine in the state of Queensland. Another company by the name of Silverneedle Hospitality that is owned by an Indian philanthropist Nadathur S. Raghavan and co-founder of software company Infosys Technologies has also bought a hotel in Brisbane for $57 million.

You will indeed not be finding any shortage of foreign investors who are interested with overseas property investment opportunities in Sydney. As a matter of fact, India has become Australia’s biggest source of migrants, including a large number of IT entrepreneurs. One contributing factors is Australia embarking on an immigration campaign to attract long-term investment. A huge number of foreign investors have been into a lot of private investments in Australia because it is seen as a safe-haven. Even though Britain and North America were once traditionally favored by Indian nationals as offshore investment destinations, noticed a growing demand for Australian real estate has been noticed by private wealth bankers particularly hotels and serviced apartments.

The commercial property prices in Australia are considered to be very attractive which led to the growth of foreign investors who are interested by buying properties. In addition, the country also possesses a fairly strong economic performance compared with Western peers boasting a pristine triple A rating with a stable outlook. Furthermore, Australia has indeed an abundance of natural resources, white sand beaches as well as a kind climate which is many dub it as the lucky country.

Australia has also spent a good amount of their resources to further improve upon their facilities. Such schemes tend not only to bring much-coveted long-term investment, but also contribute greatly to economic growth and job creation. This is the reason why New infrastructure in cities, like the new busport, is attracting property investment in Perth which is very appealing to new migrants who cannot initially afford to buy and run a car. Even small business take-overs in Perth such as the Indian owned chartered accountant company taking over the 30-years-established RJ Webb and Associates is another example of Indian smarts gradually gaining power even in small industries.

It is good to hear that many consider overseas property opportunities is considered to be a worthwhile investment. A huge number of foreign investors today were able to find the property that was able to cater to their preference and needs that was not present in their country. Furthermore, looking for investment properties today is also made relatively easy with many developers and providers integrating their services over the internet.

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Indian Technology Companies: Matching The World For Innovation

In the past, one would not have imagined India to be amongst the leaders with regards to technological innovation. With that being said, India has been steadily keeping up with the pace and is now able to match the world for innovation, particularly with the products and services that they provide to their clients on a regular day to day basis. Indian technology companies are matching the world for innovation in the 21C.

A huge part of India’s success can be attributed to the huge increase rise of smartphone users. Since 2013, the number of smartphone users in India has ballooned significantly and will reach 168 million this year, the research firm eMarketer predicts, with 277 million Internet users in India expected over all which a very impressive figure. It is no surprise that a number of individuals find India Replacing China as Next Big Frontier for U.S. Tech Companies. In fact, India already conducts more mobile searches on Google than any country besides the United States.

A testament to their huge success can be seen with Bangalore which has now become widely known as India’s Silicon Valley. Previously, it was once known for its lush farmlands however today it is now home to some of the best international and domestic technology companies which are creating millions of jobs for young Indian engineers from all across the country. It should be noted that the nickname, Silicon Valley of India signifies Bangalore’s status as a hub for IT companies in India and is a comparative reference to the original Silicon Valley, Santa Clara Valley, California, a major hub for IT companies in the United States.

You will find the Top 10 Information Technology Companies in India 2015 which includes giants like TCS, Infosys, Wipro, Tech Mahindra, HCL. The other prominent companies in the top 10 are Rolta, Cyient, Oracle Financial Services, Mphasis & Mindtree. As such, you will not be finding any shortage of information technologies in India that is able to compete and ready to take on the world.

This is the reason why several companies outside India have taken an interest in what they have to offer the world. For instance, Google and Microsoft have a plan to get all of India onto the internet. This is quite apparent especially with the Indian Prime Minister, Narendra Modi meeting with the biggest tech companies in Silicon Valley. Among those jostling for the Asian premier’s attention include the likes of Google, Facebook, and Tesla. This is the reason why many feel that India’s future with regards to world innovation is becoming even more promising than ever before.

A number of people want to learn the secret of India’s success. As such, there are Investors to Scrutinize India’s Information Technology Company Earnings. Analysts expect Infosys Ltd. and Tata Consultancy Services Ltd., India’s two largest outsourcers by sales, to show healthy growth when they report their earnings.

Moving forward requires companies to take some risk, if they are to make use of the latest innovations, and to be able keep themselves relevant in their industry. Sharepoint is able to provide their clients with the ability to  integrate such technologies to their respective companies. It eases the way information is stored, organised and shared, making it possible to access them from almost any device. This is what several Indian technology companies have been using to make it possible for them to keep connected at any given time.

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Waste Management in India: Opportunities in Rubbish

It is quite apparent that India has mountains of garbage, and the cities are drowning in sewage. Is there any hope?

It’s not like the government has not been taking actions to handle India’s waste crisis. However, there is more that can be definitely done. The Jawaharlal Nehru National Urban Renewal Mission (JnNURM) was a massive city-modernisation scheme launched by the Government of India under Ministry of Urban Development. It aims to create ‘economically productive, efficient, equitable and responsive Cities’ by a strategy of upgrading the social and economic infrastructure in cities. However, aside from that, there has been no national level effort found to address the problem.

This basically means that municipal corporations got their hands full and will not be able to deliver solutions right away. It should be noted that for about eight years, officials of Hyderabad’s municipal corporation have been conducting interviews with locals and were quite unsuccessful with their efforts. This can be attributed to the track record of dumpsite operations and maintenance in India making the task of finding new landfills in and around cities is nearly impossible along with the Not in My Backyard (NIMBY) phenomenon. What corporations can do however is to take measures in their own hands by reducing landfill fires and open burning, and control pollution which is the result of leachate and odor and vector nuisance. This in turn, provides the needed relief to adjacent communities and allows corporations some time to plan better. Working closely with the community is also of utmost importance as they navigate through this sensitive issue. This is made possible by increasing clarity and transparency over such issue.

Indeed, waste management is a shared effort and should not be handled by the government and corporations by themselves. The community needs to join with the cause by practicing proper waste management procedures in an effort to reduce waste. Of course, waste will not go away overnight but such activities will make sure that this lessens over time.

Waste management goes under different category that needs to be separated from each other. This in turn makes recycling much easier and more efficient than before.  For instance, BMW of Bio-medical Waste means any waste generated in health care processes like diagnosis, treatment or immunisation of human beings or animals. BWM needs to be handled in a timely manner not it causing any adverse effect to human health and environment. It also needs to be segregated in containers at point of generation and handled and disposed off in accordance with prescribed standards.

Another popular waste product that is used on a regular basis is the batteries. It should be noted that batteries that are not disposed properly can end up to leak with used lead acid batteries and their components which can be very dangerous. As such, the community is advised to deposit used batteries with dealer, manufacturer, importer, assembler, recycler, re-conditioner or designated collection centres instead of throwing them away. Cleaners services of plastic waste also needs to be handled effectively especially since plastic takes a very long time for them to decompose compared to other types of waste. Finding the nearest recycling center is able to make waste management activity much easier to handle. We can only hope for the best with India’s waste management problem.

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