News: Fix problems or cos will expand biz abroad: India Inc

Strategic HR

Fix problems or cos will expand biz abroad: India Inc

After the rapid slide in India's rupee this year, the message from the country's corporate titans to the government is clear: shape up and fix the problems or more companies will expand their business abroad and deprive the economy of investment.

After the rapid slide in India's rupee this year, the message from the country's corporate titans to the government is clear: shape up and fix the problems or more companies will expand their business abroad and deprive the economy of investment.

According to an ET report, many, such as entrepreneur Kiran Mazumdar-Shaw, are already doing just that. Ranked by Forbes as one of the world's most powerful women, she is investing about $200 million in a manufacturing plant in Malaysia for her biotechnology firm Biocon Ltd to offset unreliable power and water supplies back home.

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Topics: Strategic HR, #Updates, #Corporate

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