Tuesday, March 22, 2011

TSUNAMI

What name have you Unpleasant, complex and strange Other name of gory destruction and death Always unkind, cruel and unwanted Mother earth heaves for you to happen Of the loads assimilated while moving And the inner plates rubbing each other The undulations, vibrations and the mighty roar As if having hurt the inner conscious And of the soaring sign wave of emotion And then the exit, forceful, to all direction Unreigned, wild and a violent aftermath Then you begin the sea, with it withdrawing first To return with furious tidal waves That climb the trees and houses on way The battering annihilation of life inside Nothing is spared, man or matter Leaving huge colorless imprints Of merciless killing and death And yes, the suffering, for years to come You are nature’s time bomb The avenger who takes all of life away Leaving near ones to dread to live With crestfallen thoughts of meek destiny

Tuesday, March 8, 2011

A PERSPECTIVE ON INDUSTRIALIZATION OF KERALA

We need a simplified Industrial policy for the state for (1) Facilitating investment in the state (2) Employment generation and employability enhancement (3) Adherence to high quality standards.

Kerala per say is not a business friendly state. The attitude of the policy makers, bureaucrats and the citizens of the state to business men and entrepreneurs within Kerala is not very positive. In their eyes, business men and entrepreneur are manpower exploiting, tax evading and PROFIT making people who are not welcomed.

In Kerala entrepreneurship is not celebrated or recognized.

The policy makers and executives conveniently forget the economic principle that Entrepreneurship is the foundation stone of economic progress. Any society which is not entrepreneurial will not grow and the present economic ambience of the state is a testimony to this fact.

When the Revenue Minister and Finance ministers of the state use public podiums to castigate businessmen and entrepreneurs publicly, who will dare to start a venture here?

For a state like Kerala with limitations of space, with no major manufacturing industries around, with people aspiring for white collar jobs, with so many NGOs and people clamouring to maintain the pristine nature of the state, the only call is to focus on SERVICE sector as the major industrial activity.

With this in mind we should make Kerala a centre of technology and skilled economic activity so as to give fillip to Service sector.

Kerala state government must support skill development and other promotional measures to set up Knowledge based industries in Kerala.

Though the Technocity and other district based information parks are there in the making, our Techno parks are slated to establish small companies within. This will not boost employment in large numbers in the state.

We need to take into account of the fact that every year Kerala state produces about 30000 fresh graduate engineers, 10000 diploma engineers, 10000 MCAs and another 30000 graduates who aspire to make it big through white collar employment. For close to 75000 employment seekers per annum, do we have world’s top IT companies present in Kerala for providing jobs? Sadly, no.

Infrastructures like Smart city, Techno city etc. must persuade big time employers like IBM, Microsoft, Oracle, SAP etc. in IT development area and large BPO companies such as Accenture, IBM, Sodexho, Cap Gemini etc. in the BPO sector to set their base in their infrastructure. These companies will take care of the large employment requirement of the state, year on year.

People working in new generation companies aspire for enough of entertainment facilities around the place of working. Attitudinally the policy makers turn their eyes away from these realities. The requirement is genuine and by closing our eyes from this, we only forbid the arrival of such companies from setting base in Kerala.

Other major business segments to be focussed are Financial Services, Hospitality and Healthcare. The state must promote institutions of excellence in these areas for training the job seekers for these sectors.

Next in line could be Educational services, Biotechnology, Media, R&D and Design services.

Industries based on Ayurveda and Food processing also needs encouragement of the state.

Major hindrance to our growth is the lack of infrastructure, particularly roads and transportation facilities. The State has to take up the widening of roads and getting the roads into good shape, of the existing highways and the roads inside the city corporation limits.

Better transportation facilities round the clock are required for cities such as Cochin & Trivandrum. Both the cities also must plan for MRTP system now itself. The authorities and policy makers are neglecting the need of Cochin for a metro. Alternate transportation facilities such as water transport for the city of Cochin must be immediately implemented. It could be on a PPP model so that the state is not burdened on the capital expenditure required for them.

In a state like Kerala where large industries are not favoured due to constraints of space and population, Small and Medium Establishments (SME) must be focussed.

A new Industrial policy should be incorporated for specific interventions for the development of Small & Medium Enterprises which undoubtedly contribute significantly to the economic growth of any state.

SMEs must get interest subsidy, loan disbursement, quality certification, marketing assistance and awards and recognition.

To promote Venture Capital Funding for SME projects, adopting innovative technologies such as Nano technology, Information Technology and Bio-Technology, the Government should provide funds to FIs/Banks who have the necessary expertise in operating Venture Capital Funds. The minimum amount to be given to any such funds should be Rs. 100 Crores.

Though these are perspectives on the focus areas or areas of business, the basic aspect of the attitudinal change required in Malayali on entrepreneurship and companies is something that needs immediate attention. Unless that comes through, any plan that we make in Kerala to elevate its industrial output will not come about.

So, who will bell the cat?