Keynote session on Billions of Entrepreneurs - how China and India are re-shaping their future and yours?, Prof Tarun Khanna, Jorge Paulo Lemann Professor, Harvard Business School
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Copyright Tarun Khanna 2008
NASSCOM
Mumbai
Tarun KhannaHBS
February 15, 2008
Copyright Tarun Khanna 2008
Copyright Tarun Khanna 2008
Machimaar Village, Mumbai
Copyright Tarun Khanna 2008
Machimaar Village, Mumbai“The fishermen were here first ... when Bombay was a dumbbell-shaped island tapering, at the center, to a narrow shining strand beyond which could be seen the finest and largest natural harbor in Asia.”
Midnights’s Children. Salman Rushdie
Copyright Tarun Khanna 2008
Copyright Tarun Khanna 2008
Property Rights
China
Err in direction of public interest
India
Err in direction of private rights
Copyright Tarun Khanna 2008
Caijing
Tehelka
Information
Copyright Tarun Khanna 2008
Information
China
Noise-free but biased
India
Noisy but unbiased
Copyright Tarun Khanna 2008
China and India
Infrastructure Scorecard
China India
Roads Power Phones
Legal System Intellectual Property Risk Capital CEO Market
Tailored to MNCs Indigenous
Copyright Tarun Khanna 2008
China and India
China Leads India Leads
Consumer Autos Pharma SoftwareElectronics Mass Specialty Biotech Films, Banking
Advertising
Source: Adapted from “China & India: The Race to Growth” Roundtable discussion: Sinha, Khanna, Woetzel, Farrell.McKinsey Quarterly September 2004
HaierHuaweiWahaha
InfosysWiproBiocon
Copyright Tarun Khanna 2008
ShanghaiStock Exchange
NationalStock Exchange
Equity Markets
Copyright Tarun Khanna 2008
“DEERE JOHN, I HAVEFOUND SOMEONE NEW.”The Mahindra Company ©2006 Mahindra USA, Inc._____________________________________An independent survey says it all. 82% of folks who’ve owned botha Mahindra tractor and a Deere said they’d buy another Mahindra.We don’t blame the competition for being green with envy.Stop by sometime at mahindrausa.com. Cultivate your dreams®_____________________________________
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Copyright Tarun Khanna 2008
Copyright Tarun Khanna 2008
From Nashik to Nanchang
“We’ve ensured that the handful of Indian expatriates all report to Chinese bosses; they are none the worse for it.”
Institutional ownership. Global capital.
Indian engineers. Nashik
Chinese senior management & ops. Nanchang
Tractors to California
Copyright Tarun Khanna 2008
China + IndiaThe Power of 2!
SuspensionSuspension
MexicoMexicoMonterreyMonterrey
SystemSystem
ChinaChinaBeijingBeijing
117 Parts117 Parts
AsiaKorea, Taiwan4 Parts
W. EU
4 Parts
22 Parts
USA, Canada
18 Parts
360 Parts360 Parts
47 Parts
GeneratorGenerator
IndiaIndiaBangaloreBangalore
122 Parts122 Parts
N. AfricaMorocco23 Parts
E. EUPoland
1 Part1 1
PaPartrt
Photo
Proteu
s
MO-03
Copyright Tarun Khanna 2008
Huawei, HaierWhere to Innovate?
IFC Investment Profile
Domestic54%
North-South36%
South-South10%
Domestic
North-South
South-South
South–South FDI (percent)
0
5
10
15
20
25
30
35
40
45
1995 1999 2000 2001 2002 2003
South–South FDI(percent)
Copyright Tarun Khanna 2008
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