Business Park

Olympia, Central Avenue at the Hiranandani Business Park – the sacred space of the master builder Surendra Hiranandani, Managing Director and Co-Founder of Hiranandani Group of Companies provided the stage for our interaction, where we were warmly greeted by the leading architect himself. We started with a friendly chat, discussing the company’s journey during the last 27 years. Surendra gets candid with us: “The real growth started only after the year 1991 when the reforms began and Indian economy opened up. But it was only after 2003 that we grew exponentially. Needless to say that after over 25 years in this business, I have seen more years of recession than boom.”

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Alternate fuel deployment

Today, India finds itself at the forefront of alternate fuel deployment movement spearheaded by companies like OSRAM, Wipro, Suzlon, Tata group, Maini Auto (of Reva electric car fame) et al, which are working towards moving away from conventional pollutants and becoming ‘green companies’. With carbon credits getting lucrative, it is beginning to make business sense as well. For now, emission norms will make the bigger difference since fossil fuels won’t go away in a hurry. As explained to B&E by Virender Singh Saini, Scientist ‘F’ & Head, Technical Directorate, IIP, “In Euro norms, these (fuel) specifications are tightened to reduce pollution. In India we call them Bharat Stage. For example as per Bharat II, the maximum permissible limit of sulphur in diesel is 500 ppm while in Bharat III; this has been reduced to 350 ppm!” Sure enough, great oration we thought... but how far would this Bharat Stage go in saving Bharat?

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Holding even bigger promises

A magnify cent view, holding even bigger promises, the photovoltic installation by global oil giant Chevron reportedly produces 403 kilowatts of electricity that could serve as a source of power to 200 ‘big’ homes sans pollution! So what do you think was the best part about the whole set-up? Sans pollution, of course! Let’s go twenty tiresome years back – in the wake of the 1970s ‘oil-shock’, Texasbased oil-giant Exxon (now Exxon Mobil) had invested a mountain-load of free cash totalling $500 million for development of ‘alternative fuel’ technology. The only returns they received were in the form of unbelievably high costs and poor forecasted returns. The mission was abandoned within a couple of years of its initiation and the whole world sniggered, pointing their fingers at Exxon’s fanaticism (or so they thought) to harness solar energy and develop it as a viable alternative to fossil-fuels. Cut to the present – the very same ‘resounding laughter’ has turned into a ‘global war-cry’ – a war by, for and of the oil world, against the devil called ‘pollution’!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Unquenched thirst

The all important quest was and has always been the unquenched thirst or, for that matter, unflinching greed driven by the profit-seeking multinational companies. And at the receiving end then, has been the environment. Bush hates environment, but he has practical reasons for that, which are camouflaged in the unending control that multinationals have over the decision-making process of his administration. For example, Bush’s solution for controlling the rising energy bills of the Americans is to drill more oil from Arctic National Wildlife Refuge in north- east Alaska (which is an environmental nightmare!). Bush’s reasoning for enhanced supply is to help the consumers. But his dubious association with the US oil lobby suggests that the glib talk about not controlling the demand for energy is aimed at promoting the interests of his election fund raisers. And nothing proves this better than Exxon Mobil’s penchant to fund those who oppose climate change issues. Incidentally, the US is the maximum polluter in the world, accounting for around 34% of global emissions.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Do we ever care at all?

A policy which looks at all angles in order to clean up garbage, is the need of the hour
The Indian bureaucracy is well known for designing lopsided development models. There is hardlya semblance of sanity in the thought processes, which plans India’s future. In their zeal to build flyovers, they conveniently forget that pedestrians too have to be provided for. Highways are inaugurated with great fanfare, paying scant regard to the fact that shops and residences along the highway can be traffic hazards. They spend millions on advertising Goa as the ultimate tourist destination in India, but hardly bother about the cows, which squat right at the entrance of the Airport to greet the incoming tourists.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative