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Vertu's Torres: A happy
man, indeed |
This is yet more proof that India
is blipping furiously on the radars of global companies. Vertu,
the high-end lifestyle arm of Nokia, chose India for the global
launch of its Signature Diamond II Series Collection. The range
starts at Rs 2.5 lakh for the most "basic" handset (though
it is debatable whether any Vertu phone can be called "basic")
and goes right up to Rs 1.45 crore for the über exclusive
Boucheron for Vertu, Signature Cobra. The company will only make
eight such phones. Says Alberto Torres, President, Vertu, of the
limited series phone: "It's unfortunate, but then, you don't
want to have products that are easily available."
Though Vertu is available
in about 40 countries worldwide, so far, it only has 18 exclusive
Vertu branded stores. "We are planning to open one in India.
And three years from now, I'm sure we'll have more than just one
store here," he says. Though its India sales are miniscule
now, Torres is convinced that the country is, potentially, a very
important market. "Things will be very different a few years
from now; India will be a very important market for us. It's hard
to put a precise number, but I think it will certainly be one
of our top-10 markets," he says.
Incidentally, English footballer David Beckham
and his wife Victoria also use Vertus. Says Torres: "I feel
extremely happy about that. Motorola is also paying David Beckham
$10 million (Rs 46 crore) a year; and he and his wife use Vertus,
too!"
-Deepti Khanna Bose
Premium
Bikes Zoom
A leather jacket-clad Pawan K. Munjal
was showing off his company's new CBZ Xtreme a few days ago and
was promising unmatched performance from this new product. He must
have also been hoping that this 150 cc bike will revive his company's
fortunes at the higher-end of the market, which is growing faster
than the rest of the motorcycle market (see Big Boys Are Growing
Bigger). This segment has contributed heavily to Bajaj Auto's revival
(the Pulsar is the runaway market leader in this segment; see Bajaj
Pulsar Rules This Market) and its fatter profit margins. In fact,
motorcycles king Hero Honda is a laggard in this segment.
-Kushan Mitra
GOOGLE
VS GURUJI
When you type "cracker"
on Google, you can expect to get 19,300,000 results in 0.12 seconds
on everything from the music band of the same name to computer
sites run by geeks who illegally enter networks. At Guruji.com,
the search company backed by $7 million (Rs 32.2 crore) in funding
from Sequoia Capital (yes, the same guys who funded Google), this
search will, instead, give more locally relevant results (414,972
of them) on fire crackers for the upcoming Diwali festival, cracks
in the ruling coalition and articles on how to crack the IIT entrance
exams (it does not disclose the time taken). "What sets us
apart is our focus on the Indian market and the Indian consumer.
We have worked very hard to build the best local search product
in the market," says Anurag Dod, one of the two founders
of the company.
-Rahul Sachitanand
Sun
Shines Again?
Server company back on growth path.
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Sun's Heraud: Glad to be
back on the growth path |
It incurred a
loss of $864 million (Rs 3,802 crore) on sales of $13.06 billion
(Rs 57,464 crore) last year; yet Dennis Heraud, President (Asia
Pacific), Sun Microsystems, remains unperturbed. After being hemmed
in by Linux at the top end and a Dell-Intel combination in the
entry-level server market, Sun is back on the growth path again.
Heraud makes it clear that Sun will never be a distribution or
a systems integration kind of company. "That is why we invested
in R&D. We are now getting the pay-off. Our new products,
like Solaris 10, Niagara range of
T 1000 and T 2000 servers as well as X64
architecture-based ones with AMD chips, called the Galaxy range
of servers, have been very well received by the market. And we
have expanded our share of the server market in the Asia Pacific
region," says Heraud. He also points out that IDC ranks Sun
#3 in the global server market (after IBM and HP).
There's good news on the Indian front, as
well. The Rs 1,400-crore Sun Microsystems India (the company refuses
to share revenues by geography) has designated India as a gem
(Geographically Established Market). The implication: more top
management attention and higher investments. Says Heraud: "With
the telecom, banking, retail, financial services and insurance
sectors booming, India was a fast growing market for us last year
and I expect it to do even better this year." To dispel the
notion that Sun servers are for the top end of the market only,
the company is devoting attention to the SME market.
-Venkatesha Babu
Doing
It Themselves
Large firms are setting up their own ports.
The resurgence of the manufacturing
sector in the Indian economy is mirroring the trend on the exports
front, which is growing at 30 per cent annum. In this backdrop,
the prevailing congestion at ports is throwing up an opportunity
that the private sector is seizing-Mitsubishi is planning to set
up a car terminal in Gujarat from where it aims to ship 400,000
cars per annum; Reliance is in the process of identifying a port
in Gujarat for bulk shipments; other companies, too, are exploring
similar opportunities.
Evidently, the present evacuation capacity at 12 major ports
and 187 minor ones are strained at the seams. Also, the productivity
at the ports lags global benchmarks. Another constraint in the
ports sector is the low draft in the approach channels to Indian
ports, owing to which several large vessels bypass Indian ports.
On its part, the government is working on a new model concessionaire
agreement to facilitate public private partnership (PPP) in the
ports services sector. "We are in the process of consulting
various experts," says Secretary (Ports), A.K. Mohapatra.
The government expects the current port capacity of 660 million
tonnes per annum to more than double to 1.5 billion tonnes by
2013.
With foreign direct investment (FDI) galloping in the first
quarter of the fiscal to $2.9 billion (Rs 13,340 crore), more
than double the figure recorded during the corresponding period
last year, augmenting port capacity has become critical to economic
growth.
-Bajaji Chandramouli
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