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Showing posts from July, 2024

Shower of Hopes

You do wonders  Here they're greater To the parched souls  In this craggy part Its refuse-clogged streets Home to mangy curs  Its discoloured sky Where the last stork  Was spotted long ago  Now the picture dimmed Even crows evaded As there was nothing  For crumbs turned stones  You have swept it clean  The crags seem to smile The crumb-stones softened The curs washed clean  The storks faraway  Now recall the fond memories  Of fishing with ibises Under the watchful eyes Of a solitary kingfisher The crows sense a jolt Ah, you're here With the long-craved wonders  Let the sky be blue again Let there be monstrous clouds Let the storks meet the herons Give the kites a reason  To unfurl their wings  Give the real sense  That you still are around To shower hopes Bring the dreams Within reach.

All for More Optimism

Regardless of the challenges you've faced, the outcomes are what truly matter. In the realm of business, it's the figures that convey everything, showing whether your strategies and execution were successful. However, achieving success requires a significant amount of effort. This includes keeping up with market trends; understanding the constantly changing behaviors of consumers, often influenced by new developments; identifying the specific markets you aim to reach or to expand footprint; being confident in the organization's expertise and its ability to provide unique solutions; ensuring efficient delivery at the final stage; and, naturally, always being prepared for unexpected developments. This is the nature of business. Over time, companies have had to add more elements to their processes. This becomes increasingly important as global markets grow more competitive and diverse rules are implemented. The most recent example is the EU's Carbon Border Adjustment Mecha...

The Safe Bet in Troubled Time

In 1991, when the Indian economy underwent liberalization, the GDP was at USD 266 billion. At that time, inflation peaked at 16.7 percent, and foreign currency reserves could cover only two weeks of imports. Capital flows mainly consisted of aid flows, commercial borrowings, and non-resident Indian deposits. Foreign direct investment (FDI) was mostly directed towards a few public sector bond issues, as foreign equity stakes in Indian companies were restricted. Cut to 2024, the country is the fifth largest economy and  is on the track to surpass Japan as the fourth largest economy in 2025. Supported by solid macroeconomic foundations, strong domestic demand, responsible fiscal policies, and a young demographic, India's GDP is estimated to be more than USD 3.9 trillion in FY 2024. With a population of 1.4 billion, the nation has emerged as the world's fastest-growing economy. In its recent assessment, the IMF revised its growth forecast for 2024 from 6.5 percent to 6.8 percent. I...

Doing More With Less Water

With a looming future of water scarcity, the importance of water management is always in the spotlight. It serves as a reminder that we all share responsibility and must take action both individually and at the organizational level. Against this backdrop, the water footprint of the pulp and paper industry is facing significant scrutiny. This focus is warranted as the industry is water-intensive, necessitating mills to take steps to lower their water footprint. Over the years, implementation of new technologies and strategic partnerships have enhanced the competitiveness of mills. A noticeable contrast exists between the average water consumption of previous decades and their current water efficiency. This leads to the conclusion that the industry has made genuine efforts to improve, including substantial investments in acquiring or developing new technologies, forming advanced partnerships with solution providers, and harvesting rainwater. During our extensive interactions with various...

A Better Alternative the World Needs

With the growing concern for environmental impact, there is an increasing demand for eco-friendly options instead of plastic tableware. The negative impact of plastic-based materials is prompting manufacturers and consumers to look for safer and biodegradable options, driving the growth of the compostable tableware market. On average, the United Nations reports that the world produces 430 million tons of plastic annually, with two-thirds used briefly. Each day, the equivalent of more than 2,000 garbage trucks full of plastic is discharged into oceans, rivers, and lakes. India ranks third globally, generating 5.5 million tons of single-use plastic waste. In 2018, Prime Minister Narendra Modi declared India's plan to eliminate single-use plastic by 2022. As of July 1, 2022, India has enforced a nationwide prohibition on the manufacture, import, storage, distribution, sale, and use of specific single-use plastic items including plates, cups, glasses, as well as utensils such as forks,...

Tube & Pipe Fair Sets Foot in South

As the city of Hyderabad is set to host the second edition of Tube & Pipe Fair, 2024, the Indian tube and pipe industry has so much to reflect and look forward to. Many have asked why not the much familiar Delhi, Mumbai or Bengaluru, for that matter. We started in Delhi with a conviction, and the response we received was extraordinary. This also convinced us to dive deep into the industry to find out what more could be done to help the industry realize its collective goal. The answer was to diversify the presence so that the industry could be better served. Thus the centrally located city of pearls turned out to be the best option, for it offers everything or more for less. What place could outbid this long-cherished amalgamation of its culinary fame, state-of-the-art infrastructure, including information technology, and the rich metropolitan ecosystem with close proximity to the tube and pipe manufacturing and application clusters.  Over the years, the city of heritage has att...

Unlocking the Optimal Potential

As Prime Minister Narendra Modi is sworn in for a  third term, although with a dented majority, what has emerged apparent is the continuity of most existing policies. But it also means avoiding introduction of bold measures which could spark widespread political debates or create any loggerhead. Retaining Nirmala Sitharaman as finance minister, Piyush Goyal as the commerce and industry minister and S. Jaishankar as external affairs minister, among others, has underlined that its approach will persist or could be broadened. This has, no doubt, assured the business communities across sectors that they can continue to do what they have been doing, and at the same time they can anticipate the implementation of several policies in pipelines.  As India continues to leverage the China Plus strategy, the government is expected to expand its production-linked inducement scheme and increase capital infusion. It has been reported that announcement of more expansion is already underway, a...