Indian companies going global not giants but even lilliputs !.
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Baap Re Baap. I have to pinch myself before I write this stuff. For a moment I though I was dreaming when I read this information. I thought it was the Birlas, TATA's, Reliance were acquiring companies and globalizing themselves.
I was really surprised my first employer in India has now taken over a Egyptian company at the cost of USD 500 Million.
The biggest surprise was that my Boss with whom we played tennis ball cricket in Anna Nagar, Chennai is now the Managing Director of the company.
The biggest surprise is that the Indian company is a Brahmin-Iyer-Curd Rice (Thair Sadam)company and they have taken over a Egyptian company and they have also planned further investment in Egypt.
The promoter of Sanmar N.Sankar is one of the MOST cautious promoter/ investors/entrepreneur/penny pincher and if he is stepping up and globalizing then I think there is something serious going on in Indian industry.
Guys/Gals there is no future here in NA if you want to think BIG !. If you want to have your 2 cars, pay your mortgage and have a routine life without challenges then Canada is the best.
http://www.sanmargroup.com/Newsmain/Matrix/Apr2007/Matrix_2007.pdf
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Speech by Thomas Friedman of The New York Times....
"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"
Location: God's own country
Posted on: 29-05-07 15:28:47
Thank you very much Sankaracharya for sharing with this forum news like this.
I had invested Rs. 10K in Sanmar Overseas group in 1998 and was receiving Rs. 175 a month from 1988 to 1991. I never knew that Sanmar was a Thayir Satham (Curd Rice) Co. You must be aware that Egyptians are dead animals (meat) eating people.
On a more serious note, I think that Indian companies are a force t obe reconed with.
Due to my bad experience in Chennai, (I was not even able to find an Architects job for Rs. 5000 a month in 2001), My focus is outside of Chennai/ India.
But I would encourage people with the necessary qualifications/ experience to work in India to watch Sankaracharya's posts.
TK A
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I am a Gents and not a Ladies.
Quote:
Originally posted by shankaracharya
Baap Re Baap. I have to pinch myself before I write this stuff. For a moment I though I was dreaming when I read this information. I thought it was the Birlas, TATA's, Reliance were acquiring companies and globalizing themselves.
I was really surprised my first employer in India has now taken over a Egyptian company at the cost of USD 500 Million.
The biggest surprise was that my Boss with whom we played tennis ball cricket in Anna Nagar, Chennai is now the Managing Director of the company.
The biggest surprise is that the Indian company is a Brahmin-Iyer-Curd Rice (Thair Sadam)company and they have taken over a Egyptian company and they have also planned further investment in Egypt.
The promoter of Sanmar N.Sankar is one of the MOST cautious promoter/ investors/entrepreneur/penny pincher and if he is stepping up and globalizing then I think there is something serious going on in Indian industry.
Guys/Gals there is no future here in NA if you want to think BIG !. If you want to have your 2 cars, pay your mortgage and have a routine life without challenges then Canada is the best.
http://www.sanmargroup.com/Newsmain/Matrix/Apr2007/Matrix_2007.pdf
Why are you surprised to hear this news. Sanmar is my ex-employer too and knowing background of N.Shankar, why do you look surprised? They have flag ship companies like Flowserve Sanmar that keep spitting money for him all round the year. They have been one of the best paying companies I have known. It is a positive step or looks like a good investment.
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Sakthi Auto buys out European co. for $130m
http://www.hindu.com/2007/05/01/stories/2007050106321600.htm
Charlie,
Hi !, happy to note one more of Sanmar guys is in town. When I drive on Dixie and right before Eglinton on the right hand side (before the Canada Post) there is a company called SanMar. I had taken a photo of this and sent it Mrs.Sarada Jagan - President(HR).
My surprise was a positive one. In the sense that he is very cautious investor and his investments are always in the Rs.50 Crore per company. All his investments are in and around Chennai. He has taken a bold decision to invest USD 0.5 Billion in an unknown place for a project geared towards PVC which again his current capacity is 70,000MT vis-a-vis RIL of around 500,000 and Finolex of around 200,000 while India is totally geared towards Polypropylene of nearly 2 Million tonnes while both RIL and Haldia are furthering their capacities and Dow, Shell and others cranking up further investments in Saudi Arabia near Aramco.
With this climate of all new investments coming into Asia and the area being crowded with all new MNC investment he has invested this money with further plans for Egypt and another 220K MT plant in Cuddalore for PVC means there is something positive in the industrial climate in India.
Hence if Sankar is investing into India that means the growth we are hearing about India is solid and not fly by nite.
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Speech by Thomas Friedman of The New York Times....
"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"
Quote:
Originally posted by shankaracharya
Guys/Gals there is no future here in NA if you want to think BIG !. If you want to have your 2 cars, pay your mortgage and have a routine life without challenges then Canada is the best.
If that's what you think ... then what are you doing here? you should be the FIRST one to get onto AIR INDIA !!!
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Mumbai Maazi Ladki ...
Quote:
Originally posted by shankaracharya
Mrs.Sarada Jagan - President(HR).
.
I loved to get her call (so called confidential) to inform company commitment for annual cash package. Well I do agree with you, N.Shankar investing money means long term return plan.
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