UL Group - Industrial Products

MNC Doing Business in India
Q & A
levels are very high in those directions. The net loss is productivity.
Inspite of all above, I guess there are loads of other advantages of doing business in
India. The Friendly and affectionate environment always keeps the spirits of togetherness
alive. In our company, we have tried our best to avoid the hierachy levels. We have allotted
Responsibility with Authority and have sown the seeds of product patriotism. It’s quite
competitive environment but very Healthy as well. This according to me is a much Desired
atmosphere to work with. I can see the Reluctance to change attitude getting over and
there is much openness to understand the new technologies, applications.
As you rightly mentioned , great amount of FDI is increasing in India , that itself is a big
bonus for doing Business in India.
I see whole lots of opportunity in Contract Manufacturing. Its important that you are
prepared to turning out high volumes, set the correct processes, ensure training to be on
line , and have optimum resources. We at UL Group foresee some big contracts whereby we
then will have a product mix of projects and OEM international Markets.
The Indian economy is with GDP of 9%. This fact should never be forgotten.
With FDI in India growing, the shortage of skilled technical manpower is a big challenge for multinationals
investing in India. Your views and solutions to tackle this issue.
I appreciate that India insptie of their huge man power is facing the shortage of skilled
professionals. The wage rates are going higher which once was one of the great
advantages which had served us for quite some time. Today the advantage seems to be
diluting. We at U L Group are aware of the situation and I can see that this is just the
beginning.
I am convinced that the wide spread under employment or unemployment does not
exists due to the sluggish growth in job opportunities but the fact that the segment of
population does not possess the necessary skills to tap existing opportunities. We are using
all sort of possible resources to fully recognize the necessary skill sets that would address
the issue. We are very closely monitoring the skill matrix and getting people join the
requisite trainings. In short the first step is to improvise the internal skill Matrix. The target is
set for the person to move forward in the Matrix plan.
As I mentioned , we have a factory 50 KM away from Pune , this also was one of the
steps to pool man power from other sectors, train them and create more opportunities.
This defiantly yields mutual dividends.
Our recruitment and retention plan is based on many factors apart from only the wages
and salaries. Its important that the patriotism and affection is created towards the work and
company. Its simple, you take care of the person, he will struggle for the Company. Our
Profits lies not on the product but how happy my man power is. Just to site few examples,
the Company sponsors education of children of all our employees. We have given a clear
message that no child in family of UL Group will be deprived of Learning, be it sports,
technical , instrument etc, due to money reasons.. We have ensured that not only the
employee but his compete family is medically insured. Mind you, it is not part of the
remmunerations, but a social responsibility , a step for them to feel the importance of
education and concern for the future and development of nation.
Q & A
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