When we acquire businesses in the developing world, we estimate if the growth opportunities are strong. Adi Godrej More Quotes by Adi Godrej More Quotes From Adi Godrej 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 highwillgrowthtime 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 carestronghairamerica Corporate governance should be done more through principles than rules. Adi Godrej rulesmoredoneprinciples 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 dailywillfeeltrust People should be encouraged by things like awards given for corporate governance practices. Adi Godrej thingslikeawardspeople Politicians and bureaucrats must learn to stay away from the day-by-day functioning of business. Adi Godrej learnpoliticiansstaybusiness 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 gostrategyexpectationsopportunity 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 helpownsmalldevelopment 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 engineeringcompanysoftwarenature We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises. Adi Godrej findbetternot-interestedmarketing 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-timetimelongworld There are too many politicians in the world and too few statesmen. Adi Godrej politicianstoomanyworld 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 yearbadconfidencecrisis A good monetary policy follows inflationary expectations and not historical numbers. Adi Godrej goodhistoricalexpectationsnumbers 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 generalbestgroupgamble 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 somesomethingthinkyou 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 highdownwillcreate You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged. Adi Godrej keepthingsyouinflation I'm not too involved in day-to-day matters. I only supervise at the board level. Adi Godrej matterslevelonlyinvolved It's a mistake to believe technology rests outside India. We compete very successfully. Adi Godrej indiatechnologymistakebelieve
