Foreign Ownerships

“Before 1995, there were MNC agencies like O&M, HTA, Lintas et al, but they were 100% owned by Indians. The industry was not open for foreign ownerships then. Post 1991, government opened the gates again; they came back, consolidated and acquired majority stake in many agencies,” reminisces John. But, what led to the whole ‘for sale’ wave? “In the last 10- 15 years, people like Mohammed Khan (Enterprise now Bates), Ravi Gupta (Trikaya now Grey Worlwide) hung up their boots because either there was no one in the family to take over or nobody from within the agency suitable enough to handle over the baton.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Muritius important base

During World War II, Mauritius was an important base for the British, who not only based their fleet at Port Louis and Grand Port, but also built a large telecommunication station at Vacoas. The country became independent on March 12, 1968, with Queen being Elizabeth II, Head of State. But after cyclone Claudette hit the shores in 1979, the frantic state resorted to agricultural diversification programmes and processed imported goods for exports. The country broke all ties with the British Crown and, in March 1992,

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative