New emerging trends in India, China

From ’s The Economic Times: ” These two gentlemen personify the global ambitions of their companies. Jalaj Dani, the thirty-something scion of Asian Paints practically lives out of his suitcase.

He has to. Asian Paints, manufactures in 21 countries, are a licensee in 4, and sells in 65 countries, employing 1,400 people outside India from 22 nationalities.

Since 1999, the company has gone on an acquisition spree, lapping up companies around the world, including the troubled paint maker Berger. “It’s our aim to be among the top paint companies in the world,” says Dane.

In another part of the world, Chuanzhi Liu, chairman of Lenovo Group, acquired IBM’s PC business some days ago. With this acquisition, he created the world’s third largest PC company, with approximately $12 billion annual revenues for 2003, and has even shifted the headquarters to New York. The total deal was worth $1.75 billion. ”

The same publication also had another article entitled “Mall mania grips India and China

And another Indian publication The Hindu Business Line had an article called “India, China growth rates may propel IT spend in Asia-Pacific region.”

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