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All Quotes by author - Baba Kalyani
" Bofors was a steelmaker that became a forgings company and then went on to build guns. Companies like Krupp and Thyssen were in steel and forgings before entering defence. There are similar examples in the U.K.; it is a natural progression. "
Natural
Steel
Guns
" From an operational perspective, exports challenge companies to design, develop, manufacture and supply products to discerning customers in global markets. This, in turn, motivates companies to scale up the value chain, which results in higher realisations. "
Value
Design
Challenge
" Fundamentally, we have broken our aerospace business into three parts - large parts which go into the wings and fuselage, components for jet engines, and specialised structural components for landing gear. "
Broken
Business
Go
" I had my own motor boat which we would take to Khadakvasla, but that was 40 years ago. "
My Own
Boat
Motor
" I had the option of building a career in the U.S. Many of my friends who went at the time did not come back, but for me, building the family business and being with family was worth it. I became a general manager within four months, as I used my education to improve productivity and output. "
Family
Education
Business
" I have what is probably the largest big bike collection in the city: a Fat Boy, a sportser Harley Davidson and two Yamahas. All these are 1200cc-plus bikes. Riding these bikes is something I still do and some trekking as well. "
Riding
Two
Bike
" Import and substituting imports with domestic production are a big opportunity. With a devaluation of the rupee, imports get expensive, and for Indian manufacturers, this creates a huge opportunity. "
Opportunity
Big
Expensive
" In 2014, we have some new activities and new order wins in the non-automotive space. "
Space
Some
Order
" In business, you try to minimise risk. "
You
Business
Try
" India is still considered a preferred destination for many multinationals to manufacture cost-competitive high-technology products for domestic consumption as well as for global demand. "
Well
Products
Destination
" It's the adventure, the adrenaline-flowing, risk-taking in outdoor activities that attracts me. "
Activities
Me
Risk-Taking
" Our company is very diversified, both in terms of geography and in terms of products. "
Products
Very
Company
" Our real focus is going to be what can we do with our existing capacities, what new things can we do, and how much more demand can we fulfil with our existing capacities. "
Real
More
Much
" Our strategy should be based on indigenisation and import substitution. The government must provide opportunities for domestic companies to participate in sectors in which the country continues to depend on imports. "
Opportunities
Government
Strategy
" The commodity price easing really does not play too much role in our margins because our basic raw material - steel - is not really a commodities engineering steel. "
Engineering
Role
Price
" The emphasis on innovation and technology in our companies has resulted in a few of them establishing global benchmarks in product design and development, manufacturing practices and human resource capabilities. However, there is no room for complacency. "
Innovation
Human
Design
" The Indian business has largely grown on the back of exports. The domestic markets, as far as our Indian business is concerned, actually have contracted because of the contraction in the medium and heavy commercial vehicle space. "
Back
Because
Business
" The period from 2002 to 2007 was probably our best period. We created a strategy to build global scale, footprints in each of the geographies and dramatically built our international business. "
Best
Build
Global
" The year 2013 has been very difficult, with a lot of headwinds in almost every region and every business. "
Year
Been
Business
" We are working with the power industry all over the world. We are meeting customers in aerospace and getting them to tour our plants. "
Working
Power
Plants
" We book our exports forward for more than a year, and so we have a fixed rate. We do not get the spot rate that we see in the market every day. "
Forward
Year
See
" We can reorient our products and business strategy because we are an agile organisation. "
Products
Strategy
Business
" We have done a lot of work on cost reduction, getting ourselves lean, reducing our breakeven, reducing our fixed cost and increasing exports. All of these factors help because our export basket is not just automotive but also includes industrial products, railways and others. "
Work
Cost
Products
" We have got into Indian railways and are trying to get into the railway locomotive business in Europe and the United States. "
Railway
Europe
Business
" We manufacture automotive components including critical engine and axle parts for passenger cars, diesel engines and medium & heavy commercial vehicles. Till 1997, our focus was almost entirely on the domestic market with a relatively insignificant portion of revenues from exports. "
Insignificant
Engine
Focus
" You cannot make an aircraft without forged components. "
Make
You
Aircraft
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