This is the final part of a three part post about challenges to the India’s enterprise businesses.
India risks being left behind as accelerating technology changes arise from other societies’ investments. Actions and events are occurring simultaneously in disciplines as diverse as aero/space, medical care, materials science, semiconductors, software/AI, capital management, energy, and education. An example is the rapid application combining capital, talent, and productive capacity in the US, EU, and China to respond to the Covid-19 pandemic. Indian society, like many other societies, had initial difficulties deploying a huge scale response.
In rapidly evolving industries such as aerospace competition is fierce. From 2007-2020 the Indian space launcher PSLV launched 53 times (50 successful). Space-X from 2010-2021 did 137 (135 successful) and is using reusability to lower costs further. Making the right bets and building out the right infrastructure is crucial to success.
The semiconductor and the battery space are other examples of key future industries that require long term care and feeding. The stable infrastructures needed in 5 years are hard to envision in an Indian state. Yet, these are needed to attract and operate a competitive USD$10B advanced semiconductor fab, (Indian incentives are up to USD$6.7B from 2023-2028), an advanced composites air-spaceframe plant, or USD$5B advanced energy production facility (Handa plans a battery plant investment of USD$807M by 2030). This even though successive Indian governments have identified a semiconductor fab as a priority to drive local development. By example the elements of success in these disciplines need combined capital, infrastructure, talent, and successful operations.
Competing with Alien Invaders in the domestic market, upheavals in the global markets where there were previous successes, and needs for self-transformation and re-engineering are driven by mega forces. Aging demographics, accelerating technology sophistication, and scaling to colossal (in industry sectors such as energy, vehicles, computing infrastructure, medical tech, and fintech) are all mega forces not waiting for introspection and controlled rates of change. Events will increase disruption directly and by echoes into India.
Chaos and requirements to transform will rise with events like Covid-19, to mention other external situations such as cascade/network failures in global finance, interruptions of supply and service chains, energy disruptions, and unintended consequences of geopolitical acts (the oil embargo of the 1970s as an example). Clearly domestic isolation and separation is insufficient to survive as a global enterprise – investing in agility, resilience, and sustainability is no longer merely desirable.
This release is a nod to the works of Jean Jacques Servan-Schreiber who wrote: “The American Challenge” (1967) and “The World Challenge” (1980) about earlier generations and societies confrontations with radical transformations.
societies'.
The transformational changes required and described here are composed of many smaller steps that effect changes. EkaLore translates from described strategies to tactical operations for our customers.
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