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White-coat lure: Ranbaxy plans an additional
R&D center, like this one, in Gurgaon, and is likely to
hire scientists aggressively
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While
the Indian pharma industry sweats over intellectual property rights
(IPRs), dignified cheers of 'hallelujah' can be heard in labs across
the country. Money making will soon depend, more than ever, on the
marvels produced by the quaint men and women in lab coats to be
found squinting at test tubes. Under the new patent regime, drug
discovery is to become the big chase. This means hiring scientists.
Signs Everywhere
Delhi-based Ranbaxy, which spends about 7 per
cent of sales on research and development (R&D) and wants to
take it to 10 per cent by 2010, is about to flag off its fourth
R&D centre right next to its first one, in Gurgaon, a satellite
town of Delhi in Haryana that is projected to emerge as one of Asia's
most vibrant healthcare hubs.
It has been a few years coming. Indian pharma's
average investment in R&D as a percentage of sales has risen
from a mere 1.8 per cent in 1995 to an expected 6 per cent this
year. "This is a clear indication of the confidence of private
enterprise in the potential for rewards," says D.G. Shah, Secretary
General of the Indian Pharmaceutical Alliance. Still, absolute R&D
budgets are tiny in world comparison; global pharma majors spend
many times more on R&D than the entire Indian pharma industry's
revenues. Drug discovery is enormously resource-consuming.
The
odds, therefore, are steep.
But that's no deterrent to dedicated and sharply-focussed
players. "The efficiency and productivity of R&D in Indian
pharma is much higher," in Shah's estimation. What's more,
while it's a chancy game hitting upon that one blockbuster drug
that reshapes the contours of healthcare, it's still the industry's
best bet for the future. The idea is to leverage India's low-cost
base of scientific manpower being generated in such awesome numbers
by the education system. "This is a question of survival,"
says Kishore Babu, CFO at Divi's Laboratories, "earlier, people
were merely copying drugs." And survival is a big motivator.
White Coat Demand
Naukri.com, a job site, lists some 2,500 jobs
in pharma at the moment, a fifth of them in R&D-up from just
100 R&D jobs last year. The demand is mostly for clinical and
research scientists, and salaries are rising fast. "The selling
power of the R&D professional has gone up, especially in middle
management," observes Swapnil Tripathi, Head of Operations
at Naukri.com. Qualifications? PhDs, M.Pharma and M.Sc. degrees
in pharmacology, pharmaceutics, organic, analytical and medicinal
chemistry are hot. Advanced degrees in molecular biology and toxicology
also have a lot of takers.
Ranbaxy currently employs 1,000 R&D professionals,
and the number could rise due to aggressive hiring with the addition
of its fourth centre, conceived as part of its passion for new drugs.
"We will hire in the fields of medicinal and analytical chemistry,
pharmacology, biotech and microbiology," discloses Udbhav Ganjoo,
Director (HRD) of R&D at Ranbaxy.
Under the new patent regime, drug discovery
will be the new big chase. That means hiring scientists |
Others
are hiring too. Sun Pharma, which has some 390 R&D professionals
in Mumbai and Baroda, plans to hire 275 more. This promises to change
the cultural dynamics of these companies. Listen to T. Rajamannar,
Senior VP at Sun Pharma Advanced Research Centre; while graduating
from the University of Zurich, his passion was to "find just
that one molecule-discover how it behaves in the environment, and
works even after five years". At 42 now, his sense of microscopic
focus has begun to pervade the premises.
Or ask Glenmark. With about 300 R&D professionals,
this firm is busy hunting out biologists with expertise in in-vivo
and in-vitro fields of specialisation. "Indian scientists are
now being recognised for their ability to undertake cutting-edge
research," offers Swaroop Kumar V.V.S, a 37-year-old PhD in
pharmaceutical sciences from Andhra University.
For Top Flight Talent
Finding scientists who can actually make the
big finds, of course, is a rarefied skill in itself. The best minds
are hard to get. According to Glenn
Saldanha, CEO and MD at Glenmark, "There
is a 40 per cent increase (in salaries) at senior levels for basic
and process research." Any firm's ability to lure talent is
under watch these days. "Where the majority of skill sets are
concerned," says Saldanha, "it is the attracting rather
than locating that poses a challenge." Agrees Sun Pharma's
Chairman and Managing Director, Dilip Sanghvi: "At junior levels,
it is difficult to retain people; at senior levels people who understand
the interface between a lot of different sciences are difficult
to find."
Firms, naturally, have taken to poaching one
another's scientists. "But we are not scared of losing people
because they cannot take away any sensitive information," says
Babu of Divi's, "as we do not violate patents." It's with
reverse engineering that leaks occur, he indicates, not with high-integrity
endeavours.
Sangeeta Sabharwal, Executive Director at Ma
Foi, has been watching pharma recruitment trends closely, and expects
the action to pick up strongly. The white coats are coming. It's
for them now to shake things up.
SPOTLIGHT
Economic Forecasters
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ICRA's Gogna: Applied reading
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Forecasting
the economy is not about gazing into some obscure crystal ball.
It involves some good number crunching. But reputations are acquired
much like the gypsies-through the accuracy experienced by clients.
And clients could range from rating agencies and investment houses
to corporates and government setups. "To get into the field, one
has to be from an economics, accountancy or commerce background.
Doing specialised courses like business economics, BBS, courses
certified by ICFAI or being a CA clearly helps," says Amul Gogna,
Executive Director of rating agency ICRA. Education helps. But this
is not a 'science' science, so success involves developing assorted
fuzzy sensitivities to go with bookish knowledge. If you get your
eyes in, however, the market will pay enormous sums for your economic
projections.
-Alia Ramaswamy
COUNSELLING
Help, Tarun!
I am a 25-year-old mechanical engineer, working as a shift engineer
in a steel company for three years. Before this I worked as a graduate
apprentice trainee in a steel company, which is ranked #1 in India.
As per my knowledge, the work that I am doing (at the roll grinding
shop and at the hot rolling mill) has very low chance of growth
in any other industry. I am looking for a change of job and a change
of position, but I have not been getting a positive response to
any of my job applications. I am not financially secure enough to
do a course outside my job. Please help.
At times, it makes better sense to stick to where you are. That's
because it is difficult to change jobs in a field like yours, especially
considering the fact that the experience you have is limited and
very specialised. On the other hand, if you are ready to compromise
on seniority, any field where a mechanical engineering degree is
required could be an option for you. Depending on whether you want
to stick to the metallurgical field or not, several industries like
light and heavy engineering, automobiles, auto parts, and so on
are open to you.
I am 22 years old and will be completing
my BE (computer science and engineering) in June 2005. I have already
got a job in a good IT company, which will pay me Rs 2.4 lakh per
annum. However, I am undecided on whether I should take up the offer.
That's because I appeared for CAT and without any preparation did
well enough to get admission to a II-tier business school. My dilemma
is whether I should appear for my CAT again while working, or let
the job go and join a business school right away to do my MBA. Please
advise.
You are in an enviable situation. Whatever
you do will be good for you. If you work for a year and then do
an MBA, the IT experience is going to look good on your resume.
But your first year of employment will most likely be strenuous,
leaving you with little time to study. On the other hand, if you
think your chances of getting a higher grade and admission into
a top tier institute are less than 50 per cent, go for the MBA now.
But if you feel very confident that a retry will fetch you more
marks, it may not be a bad idea to reappear for cat. Ultimately,
it's about what you think you can achieve.
I am a 25-year-old promotions manager for
a record company in Bangalore. I earn a paltry salary and have trouble
staying afloat in a city where the living costs have risen sharply.
I am negotiating a job with a major record label in Mumbai and if
that doesn't work out, I want to seek work in some other metro since
the living cost in Bangalore is too high for my means. I am stuck
in a catch-22 situation-while I don't really make enough to afford
the move to yet another costly city, I think such a move would greatly
improve things for me professionally. What should I do?
If you feel Bangalore is expensive, you haven't
seen Mumbai yet. Mumbai may offer you greater chances if you get
the opportunity you have mentioned, but it will certainly be much
more expensive in terms of living cost. However, that's not to say
that it will not be a good change to make. It will, but make sure
that you do not leave Bangalore without a job in hand. So be a little
patient, try hard for a change of job and when a good one comes
your way, make the shift. To speed up the process, you could visit
Bombay, live with a friend, meet people and look for a job.
I am a 25-year-old NIFD graduate currently
working as an apparel designer for a buying house. My field of work
is quite interesting but the problem is my immediate boss, who I
feel is trying to rehash my designs and pass them off as his own
in front of our chief designer. I have no other way to reach the
chief designer, as all our sketches have to be approved by our respective
department heads first. This is intellectual property theft, and
I feel thoroughly cheated. Please advise me on how to get out of
this sticky situation.
The first question that you need to ask is
whether your boss does the same to other subordinates. There is
always strength in numbers. If you know of others with a similar
problem, you could easily go together to the chief designer or some
other person in authority and talk about it. Also, ask yourself
whether it is just a feeling that you have. Maybe your boss is enhancing
instead of rehashing your design. Are you learning on this job,
and from your boss, or not? Answering these questions will help
you make up your mind on whether to stay on or look for another
job.
Answers to your career concerns are contributed
by Tarun Sheth (Senior Consultant) and Shilpa Sheth (Managing
Partner, US practice) of HR firm, Shilputsi Consultants. Write to
Help,Tarun! c/o Business Today, Videocon Tower, Fifth Floor, E-1,
Jhandewalan Extn., New Delhi-110055..
The
Mirror Effect
Why media salaries
could outpace the rest.
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Translation: More money means
more money |
Make
that the magnified mirror effect. Advertising spending (media revenue,
that is) tends to mirror the economic growth curve, but in a magnified
way. So, if the economy slows, spending tanks; if it accelerates,
spending goes into a frenzy-with a lag, sometimes, especially in
transition economies such as India's.
Upfront admission: keyboard punchers who put
this sort of thing into print have a self-serving interest in believing
it. But it's reasonable to expect that in a media industry that's
relatively free of market-distorting monopolistic muscle, media
salaries could start outpacing those in many other boom sectors
(such as it, ITEs and financial services). Moreover, "There
is much happening in the media and entertainment sector," says
Arun Das Mahapatra, Managing Partner, Heidrick & Struggles India.
"The sector looks robust," concurs Rekha Koshy, Practice
Head (Entertainment Media & Communication), Accord India. And
unlike in the not-so-distant past, it's not about a 'new economy'
of super-digitised fantasy. It's about the credible engagement of
minds.
-Supriya Shrinate
Flippers
For Thought
Nirula's needs career
paths to take on McDonald's.
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Watch it: This man at the
counter could go places |
Nirula's,
Delhi's 1934-founded fast-food chain, has seen McDonald's enter
India, and is now confident that it won't just survive, but thrive-if
it fans out across the landmass by adopting the global chain's replication
strategy (of menu optimisation, systems, service, hygiene and quality
standardisation). But perhaps the big edge that McDonald's has is
its promise to rookie burger-flippers that they could make worldwide
CEO some day, if they learn to manoeuvre their career paths instead
of just being cogs in the machine.
Nirula's isn't far behind on employee motivation,
claims Group Captain D.V. Arora vsm, gm (hr & Administration),
Nirula's. "Our recipe for success lies in being fair and firm,
and law-abiding employers," he says, adding that tests and
interviews of rookies are conducted every quarter to promote at
"least two-three people to the managerial cadre". At last
count, some 15 managers had risen from the 'team member level' (people
who serve you). The company's all-India expansion plan, however,
will require this to happen in much larger numbers. Will some big
corporate honcho, 25 years on, be recounting his young days as a
Nirula's burger flipper?
-Payal Sethi
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