Posts Tagged “Anil Gupta”

Spotlight series: Anil Gupta outlines his new research.

November 29, 2020

Anil Gupta, Chaired Professor of Strategy, INSEAD & Chair, Global Strategy & Entrepreneurship, The Smith School of Business, The University of Maryland presented new research entitled “As Innovation Moves East: Emergence Of China And India As The New Innovation Hubs”.

In an interview with Beverly Chandler, he outlines this research which focuses on five main topics, namely market size and growth, cost efficiency, the rise of China and India as innovation hubs, the rise of China and India becoming springboards for new global champions and finally capital.

Post Under: Asia

SuperReturn Asia 2010 - A complete round up of news and views

October 4, 2020

SuperReturn Asia is the “must attend” annual private equity and venture capital conference for the region.  The 2010 event continued that tradition.    We would like to thank all the delegates, speakers and sponsors and look forward to bringing you an even more energised event in 2011.

In addition to the coverage of the event by Beverly Chandler,  we’ve gathered the leading articles and commentary from the business news websites to give you a comprehensive review of this years hugely successful event.

We have captured a series of video interviews with some of the industry leaders which will be posted on this site over the coming weeks.   To make sure you don’t miss out, either add the RSS feed to your reader or sign up for email alerts.

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A Twitter Overview:

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@LPlatform: The poll at SuperReturn Asia Conference showed that 51.7% of professionals believe China will bring the best returns in the next 3 years.

@SuperReturn: Ben Simpfendorfer,RBS gives fascinating talk on new silk road in hk #sra10 More here http://ht.ly/2M9Ft (via @SuperReturnSara)

@SuperReturnSara: Jin Liqun, CIC says it is still expected for capital to flow uphill from developing countries to developed #sra10

@SuperReturnSara: Anil gupta, insead could chinese capital do investment into india infrastructure and aid investment? #Sra10

@SuperReturn: Liqun says the Chinese have been students learning from the West: “Now you should learn something from us.” #SRA10

@SuperReturn: If foreign investors work closely with locals they will have a very good time investing in China says CIC’s Jin Liqun. #SRA10

@SuperReturn: China is the undisputed powerhouse for global economy says Jin Liqun of the CIC. #SRA10

@HelenHChan: The West is 450 bn dollars short of capital and Asia is 115bn dollars long in capital, says Paul … http://tmi.me/1MsYM

@SuperReturn: Melissa Ma of Asia Alternatives reports valuations are back to recent peaks #SRA10

@NorthusSuperreturn asia just started. Fascinating talk by jonathan anderson,ubs. Emerging markets are going to win

@Northus:  Good morning from SuperReturn Asia where UBS’s Jonathan Anderson and Paul Schulte of CCBI are crystal ball gazing on the economy. #SRA10

@SuperReturn: The West is 450 bn dollars short of capital and Asia is 115bn dollars long in capital, says Paul Schulte, China Construction Bank. #SRA10

@SuperReturn: Property boom in China is crucial to understanding the area says UBS’s Anderson. Property prices 135 per cent up over decade. #SRA10

@SuperReturn: The emerging world is growing at 7. 2 per cent says Jonathan Anderson of UBS and Asia will continue to for 5 to 7 years. #SRA10

@SuperReturnSara: Too much money chasing too few deals? Being discussed now at #Sra10

@Northus: Jin Liqun, CIC says it is still expected for capital to flow uphill from developing countries to developed #sra10

@HelenHChan: Jin Liqun of CIC says China’s #SWF seeks long term, risk adjusted returns #SRA10

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Reuters - CIC to avoid defense, casino investments

China Investment Corp, China’s $300 billion sovereign fund, will stay clear of investing in defence, casino and alcohol-related sectors, a senior official told a private equity conference on Wednesday.

“We will not do anything that has a reputational risk for us,” CIC supervisory board Chairman Jin Liqun said in an address at the Super Return Asia 2010 conference. more here.

Reuters - Asia PE funds flush with cash, desperate for talent.

Asia’s private equity (PE) industry is sitting on a cash pile, estimated at $50 billion, but a shortage of experienced fund managers is a big worry for the sector.

A snap poll of about 250 PE experts at Super Return Asia 2010 conference showed that about 44 percent considered too much cash as the biggest risk to the industry, followed by absence of experienced fund managers. more here

Wall Street Journal - CIC among biggest investors in 3i Eur 1.2B growth fund

China Investment Corp., the country’s $300 billion sovereign-wealth fund, was one of the biggest third-party investors in 3i Group PLC’s (III.LN) EUR1.2 billion growth capital fund raised earlier this year, a person familiar with the situation said Wednesday. more here

Bloomberg - China’s foreign buyout investments slow on local competition

Foreign private-equity investment in China has slowed as competition from domestic funds pushed asset prices higher, said Antony Leung, chairman for Greater China at Blackstone Group LP.

Some local funds are more aggressive and tend to outbid overseas buyout firms, Leung said in an interview at the SuperReturn conference in Hong Kong today. The absence of a capital shortage and demands for higher valuations for assets also pose challenges to foreign private-equity funds, he said. more here

Post Under: Asia

AS INNOVATION MOVES EAST: The Emergence of China and India as the New Innovation Hubs

September 21, 2020

A report by Anil Gupta and Haiyan Wang.

Anil K Gupta, INSEAD Chaired Professor of Strategy will speak at SuperReturn Asia 27-30 Sept 2020

With its recent acquisition of 128 machines from California’s Illumina, Shenzhen-based BGI has assembled almost as much as gene sequencing capacity as the entire United States.  Having already sequenced the genes of several species including a panda, BGI appears determined to become one of the world’s leaders in genomics research.

Haiyan Wang, Managing Partner, China India Institute

It is still one to two decades before China and India achieve broad-scope parity with the US and Europe in science, technology, and innovation. But the overall direction is clear. The center of gravity of the world’s innovation landscape is moving east.

According to data from the US government, the number of patents granted by the US Patent & Trademark Office to inventions originating from China and India is growing at a 15-30 percent annual rate, a radically faster pace than for inventions originating from any other country. Further, as a recent survey by the R&D Magazine reported, over two-thirds of the executives in western MNCs believe that, during the next five years, both China and India will become significantly stronger in R&D than they are today, a level of confidence greater than for any other country in the world.

What are the forces propelling the rise of China and India as the new innovation hubs? First, private and public sector organizations in both countries are increasing their investments in R&D at a faster rate than in any other large economy. This is a direct outcome of the fact that, as the world’s two fastest growing economies, both countries can afford to spend larger sums on R&D each year. Importantly, since 2005, both countries have also stepped up the ratio of R&D investment to GDP - from 1.2 percent to 1.5 percent in the case of China, and from 0.6 percent to 0.9 percent in the case of India. Second, as the world’s two most populous countries, both China and India graduate a larger pool of scientists and engineers than any other country in the world. Thus, they offer greater R&D scalability at a lower cost than any other country. Third, as a direct result of the fact that they are still among the world’s poorest countries in terms of per capita income, their large middle income markets offer compelling incentives for frugal innovation. It is not coincidental that a product like Tata Nano came out of India.

These developments have three major strategic implications for multinational corporations. First, they need to look at China and India not just as competitive threats but also as opportunities. Given the current economic reality in the developed economies, it is nearly impossible for western MNCs to increase their R&D budgets. What they can do, however, is to get a lot more bang for the buck - i.e. boost R&D productivity - by leveraging China and India as increasingly important innovation hubs. Second, MNCs need to become smarter at protecting their intellectual property. This is more than a matter of seeking good legal counsel. It also requires other de-risking mechanisms such as distributing key modules of a major R&D project across labs in different locations and even different countries, so that IP leakage from any one location would cause limited loss. Third, MNCs need to cultivate the art and science of frugal innovation. This means treating the middle income market in China and India as core to the company’s strategy and designing products, services, and business models that are aligned with the economic, cognitive, and behavioral reality of these middle-income customers. Frugal innovation goes well beyond merely de-featuring. It requires becoming extremely customer-centric and reinventing the business model from the ground up.

Given the magnitude and pace of structural change in the global economy, it is a certainty that the set of top ten companies that dominate any industry in 2020 will be quite different from the set that dominates today. In this ongoing battle for global dominance, the odds lie squarely in favor of those companies which commit to leveraging China and India not just as markets or as cost efficiency platforms but also as innovation hubs.

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About the authors

Anil K. Gupta ([email protected] ) is the INSEAD Chaired Professor of Strategy at INSEAD.  Haiyan Wang ([email protected]) is managing partner of the China India Institute and an Adjunct Professor of Strategy at INSEAD.  They are the coauthors of Getting China and India Right (Wiley, 2009) and The Quest for Global Dominance (Wiley, 2008).

Dr Gupta will share new research on this topic at the SuperReturn Asia event on Wednesday 29th September at 11.25am.

Post Under: Asia


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