Letters

Lesson from neighbor

I was on a business trip to Europe to attend an international tyre expo recently. What startled me were that two Indian companies' pavilion attracted the maximum visitors. I call it a pavilion because it was the biggest and most attractive for being tuned to European culture. One company already has a big presence in European and North American markets, while the other is trying to get a foothold in the European market through a major acquisition.

These companies were not very big until a few years ago but their innovative spirit, experience in global operations, skills in mergers and acquisitions and unique way of training managerial personnel in the era of globalization calls for commendation.