Apr 10, 2006
India Inc. No. 2 in list of global challengers
India Inc is second on the list of global challengers, according to a study by Boston Consulting Group (BCG) and the Confederation of Indian Industries (CII).
44 Chinese and 21 Indian companies dominate a list of 100 companies which are the emerging global challengers, chosen from 12 rapidly developing economies (RDEs).
These companies are leading the third wave of globalisation. A few of them like the Indian Infosys and Wipro or the Chinese Haier have already started assuming leadership positions and have captured media attention. These companies are ready to challenge or as in some cases, are already challenging the dominance of multinationals from developed countries.
The Tata group dominates the list with five of its companies—Tata Steel, Tata Motors, Tata Consultancy Services, Tata Tea and VSNL—making the grade. Other Indian companies include Hindalco, Reliance Industries, Bajaj Auto, Mahindra & Mahindra, Bharat Forge, TVS Motors, Larsen & Toubro, Ranbaxy and Cipla. Only one public sector player, ONGC, has managed to make the grade.
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