1 Contacts with financial institutions could
prove invaluable in developing our own "Corporate Diversification
strategy". Numbers of diversification (investment) proposals are processed
by financial institutions and close coordination with them would give access to
information like:
* Who
is diversifying into what?
* What
are the "markets”?
* What
are the investments/returns?
* Who
are the foreign/local collaborators?
* Which are the locations/state?
* What
are the "guidelines" for approval/ disapproval ?
2 Development of strong ties with SIDCs could
give us a lead to enter into some sectors not open to private sector as also
non-Appendix I industries.
Example: Main Exchanges/Optic fibre cables, etc., in the Telecommunication
sector are not open to private sector. System to maintain on continuous basis,
the list of LOls/ILs issued to SIDCs and interaction/discussion with
cooperative/amenable SIDCs would go a long way to enable our entry into thrust
areas which are normally not open to us.
3 Horizontal transfer of middle-level L&T
managers, to diversified industry will help overcome stagnation as also provide
growth opportunities. This will also provide opportunities for growth of lower
level officers.
The
above will also contribute to integration/ extension of L&T' s
systems/procedures as also L&T culture/values.
4 “Critical success factors” for each of the unrelated
businesses would be invaluable in our strategy for diversification. critical
success factors should be ranked/weighted by- at least 5 industry experts. The
above should - be then ranked in a descending order of importance.
Action
plans against each factor should, be made to ensure success. Action plans
should also be subjected to expert opinion before implementation.
5 Floating several - "Investment companies _ - as
being done by other large MRTP companies such as TATA/BIRLA/RELIANCE/ITC etc.
would enable us to invest in small JV companies/take-over bids without much
delay for MRTP clearance (where more than 10% equity is to be held by L&T).
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