Corporate governance should be done more through principles than rules. Adi Godrej More Quotes by Adi Godrej More Quotes From Adi Godrej When we acquire businesses in the developing world, we estimate if the growth opportunities are strong. Adi Godrej opportunities growth strong world We started the 10/10 objective in 2011, and that time, our turnover was about Rs. 15,000 crore. We would like to have a turnover of Rs. 1,50,000 crore by 2021. This will be through high growth in domestic and international operations as well as through acquisitions. Adi Godrej high will growth time Our acquisition strategy is very clear: 3x3. Three continents - Asia, Africa and South America, and in three categories where we have strong positions - personal wash, household care and hair care. Adi Godrej care strong hair america I feel the Godrej brand has generally come to signify trust to most consumers. 400 million Indians use one or the other Godrej product on a daily basis, and they have come to accept it. We will, thus, continue positioning Godrej strongly on the trust platform. Adi Godrej daily will feel trust People should be encouraged by things like awards given for corporate governance practices. Adi Godrej things like awards people Politicians and bureaucrats must learn to stay away from the day-by-day functioning of business. Adi Godrej learn politicians stay business There must be an opportunity that matches with our strategy. Just because we have a gap, we don't want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations. Adi Godrej go strategy expectations opportunity We own only a small percentage in Omnivore, but we manage it. It is basically a venture capital fund to help newer enterprises and provide them with the funding they require in their early stages of development. Adi Godrej help own small development We have a company, Geometric Software, which is into engineering services software. We have a company called Nature's Basket, which is into gourmet retailing. Both are specialized companies. Adi Godrej engineering company software nature We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises. Adi Godrej find better not-interested marketing Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China. Adi Godrej long-time time long world There are too many politicians in the world and too few statesmen. Adi Godrej politicians too many world In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence. Adi Godrej year bad confidence crisis A good monetary policy follows inflationary expectations and not historical numbers. Adi Godrej good historical expectations numbers From our group, we've had joint ventures with a lot of international companies: Procter & Gamble, General Electric, Sara Lee, currently with Hershey's and Tyson. We've learned a lot of the best practices. Adi Godrej general best group gamble When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride. Adi Godrej some something think you If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down. Adi Godrej high down will create You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged. Adi Godrej keep things you inflation I'm not too involved in day-to-day matters. I only supervise at the board level. Adi Godrej matters level only involved It's a mistake to believe technology rests outside India. We compete very successfully. Adi Godrej india technology mistake believe
