Some notes from the “Emerging Markets” seminar on opportunities and challenges for entrepreneurs (part of the IED Best Practice encounters series) at which I shared a panel with Prof. Gerry Geirge and Prof. Chris Toumazou:
- For the UK, India is now as important as China; Exports to China are £5.2bn vs £4.1bn for India
- There appears to be a significant correlation between “relative inequality” and entrepreneurship i.e. higher relative inequality leads to higher entrepreneurship (- as in the case of US perhaps?)
- Education in general (esp. tertiary education) is a big opportunity in India (I’m glad about my latest angel investment!)
- Chris mentioned how the future of healthcare and medicine is personalised drugs and disposable technology
- I made some deliberately provocative statements; the main one being “Why this century might be India’s century”; Mentioned India’s 3-D Advantage
- Gerry shared some very interesting slides on R&D linkages between Indian institutions and their international counterparts; I hope these slides are up on the website soon
- I also liked Gerry’s slide about FDI as % of GDP that showed a sustained increase in FDI into India (vs. a reduction in FDI in China). When you couple this fact with the growth in GDP in India, you realise the dramatic impact that this flood of money had between 2006 – 2009
I shared a couple of slides (see below) as a preface to my observations:
April 30th, 2009
Posted by
Shantanu |
China, Conferences and Panels, Emerging Markets, Entrepreneurship, India, My Presentations |
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From an email I received y’day:
According to Zero2IPO Research Center statistics, a total of 29 domestic and foreign VC firms established 40 funds during Q2‘08. This figure represents US$3.02B of capital available for investing in Mainland China marking a record high for a single quarter.
Additionally, 159 Chinese entrepreneurial firms receiving venture capital disclosed investment totaling US$1.20B. In comparison with the same period last year, the number of deals and the disclosed investment amount increased 31.4% and 73.5% respectively.
Keeping up with the “booming…China investment market”, Zero2IPO is organizing its second China VC & PE Event in London next month. Try and be there.
I will be speaking just after the tea break on investment opportunities for European investors in China.
September 10th, 2008
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Shantanu |
China, Conferences and Panels, Emerging Markets, Venture Capital in Asia |
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Some excerpts from a great article comparing Indian and Chinese M&A, “Dancing “Dragon” and Running “Elephant” on the Stage of M&A by Mark He at Zero2IPO Research.
*** Excerpts Begin (emphasis mine) ***
…
Keep Reading…
August 7th, 2008
Posted by
Shantanu |
China, Emerging Markets, Global Competition, Globalization, India |
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Excerpts from a recent article by Liam Halligan (Chief Economist at Prosperity Capital Management) in The Sunday Telegraph, “China, Brazil and India belong in the G8”
*** Excerpts Begin (emphasis mine) ***
It’s become fashionable to say the G8 is pointless. Last week’s summit of the “world’s advanced industrial democracies” was certainly an anti-climax.
After all the posturing, “working lunches” and “financial stability pacts”, the impotence of the leaders gathered on the Japanese island of Hokkaido was displayed for all to see.
Western shares kept tumbling. Crude hit another record high. As the smell of meltdown turned acrid last week, the markets seemed determined to stress the G8’s irrelevance.
…
Since the mid-1970s, the US, UK, Germany, Italy, Japan, France and Canada have held an annual summit. Russia has recently been added – grudgingly, because four G7 members depend on its oil and gas. Even with Russia, the G8 accounts for only 14 per cent of the world’s population, and less than 60 per cent of the global economy. And that share of worldwide output can only fall as the fast-growing emerging giants continue to outpace the West.
The likes of China, Brazil and India have churned out average annual growth of 5 to 10 per cent for many years now – an expansion rate that’s set to continue. In dollar terms, these countries are now the fourth, 10th and 12th largest economies on earth – and climbing fast.
… Keep Reading…
July 29th, 2008
Posted by
Shantanu |
China, Development Issues, Economics, Emerging Markets, India |
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Many of you must have picked up these two (separate) news-stories from a few weeks ago…
1. Mukesh Ambani, Chairman and largest shareholder of Reliance Industries (India) reportedly became the world’s richest person - partly owing to the rally in the Indian stock market.
2. PetroChina became the world’s first trillion-dollar firm when it floated on the Shanghai stock exchange a few weeks ago.
I wonder if this just the beginning of The Great Reverse?
November 12th, 2007
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Shantanu |
China, Emerging Markets, India |
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Nandini Lakshman has written a nice article in BusinessWeek on how VCs in India are broadening their scope and looking at non-obvious opportunities: “India Rides the VC Wave”
Some excerpts:
“The fishermen from the Indian village of Chidambaram live a hard life. They sleep most of the day, then spend the night out on the water. For light during those dark hours, they have long depended on wobbly kerosene lamps that were easily blown out or, worse, toppled by the wind, risking deadly fires on their boats.
But these days, the kerosene lamps have been replaced with MightyLights, $50 solar-powered fixtures. “I save 100 rupees [$2.50] a month on kerosene alone,” says K Kanimuri, a fisherman’s wife, who also uses the MightyLight in her makeshift kitchen. With her savings, she now makes and sells candles…
…MightyLight is the brainchild of New Delhi-based Cosmos Ignite Innovations, a Stanford University-incubated startup by Matthew Scott and Amit Chugh that aims to provide simple products for the world’s poorest people. And Cosmos got its start with backing from Vinod Khosla, a veteran Silicon Valley venture capitalist. Now Cosmos is in talks with other groups, including London-based 3i Group (TIGRF) and eBay (EBAY) founder Pierre Omidyar, for a second round of funding. “For us, it’s not just the light, but using a sustainable model to affect social change,” says Scott, chief executive of Cosmos.
…”The base of the pyramid is often ignored, but offers a tremendous opportunity,” says Katie Hill, the India representative of Acumen Fund, an $8 million fund backed by the Cisco Systems (CSCO) Foundation and the Rockefeller Foundation. Acumen has put $1.5 million into Ziqitza, a Mumbai-based ambulance company that offers deep discounts on its service for residents of the city’s vast slums. Shafi Matther, the founder of Ziqitza, says the funds will be used to stretch the company’s ambulance fleet of two dozen vehicles to 70 in the next two years, and roll out service across India. It is already operational in the south Indian state of Kerala.
…Or take IT-rural, set up by a group of software engineers from the south Indian state of Tamil Nadu. A clutch of U.S.-based VCs are circling the startup technology venture, which develops solutions for rural India. The company doesn’t just provide a bunch of computers and conduct basic-training classes, but has a Web site to educate farmers, giving them information about crop patterns, nature of soil, crop diseases, and remedies. IT-rural also has established backward and forward linkages, from buying the seeds to branding and retailing products.”
I am hoping to meet some of these guys during one of my future visits.
July 4th, 2007
Posted by
Shantanu |
Development Issues, Emerging Markets, India |
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