Effect of Globalization on Mumbai
The effect of Globalization on Mumbai
Chaitik Doshi
F09074
Contents
Introduction 2 Mumbai – A Cultural Diversity 3 A Brief History 4 A Glocalised World 5 Mumbai Urban Infrastructure Project 6 Navi Mumbai International Airport 11 Mumbai – A Global Financial Hub 13 A Dangerous City to Live In 14 Mumbai 2020: A Vision 17 References 18
Introduction
Globalization has been an integral part of India’s progress. It has opened up new avenues for growth.
One of the biggest impacts of globalization has been to IT (Information Technology) and BPO (Business Process Outsourcing) sector. These two sectors have progressed at never before pace. Key reasons for this is easy and cheap availibilty of skilled workforce with English speaking and technical expertise. Big enterprises have found it economically feasible to set up operations in India due to technologies like VOIP, internet, email etc.
As a new Indian middle class has developed around the wealth that the IT and BPO industries have brought to the country, a new consumer base has developed. International companies are also expanding their operations in India to service this massive growth opportunity. Notable examples of international companies that have done well in India in the recent years include Pepsi, Coca-Cola, McDonald’s, and Kentucky Fried Chicken, whose products have been well accepted by Indians at large.
Globalization in India has been advantageous for companies that have ventured in the Indian market. Population has worked to their advantage. By simply increasing their base of operations, expanding their workforce with minimal investments, and providing services to a broad range of consumers, large companies entering the Indian market have opened up many profitable opportunities.
Indian companies are rapidly gaining confidence and are themselves now major players in globalization through international expansion. From steel to Bollywood, from cars to IT, Indian companies
Chaitik Doshi
F09074
Contents
Introduction 2 Mumbai – A Cultural Diversity 3 A Brief History 4 A Glocalised World 5 Mumbai Urban Infrastructure Project 6 Navi Mumbai International Airport 11 Mumbai – A Global Financial Hub 13 A Dangerous City to Live In 14 Mumbai 2020: A Vision 17 References 18
Introduction
Globalization has been an integral part of India’s progress. It has opened up new avenues for growth.
One of the biggest impacts of globalization has been to IT (Information Technology) and BPO (Business Process Outsourcing) sector. These two sectors have progressed at never before pace. Key reasons for this is easy and cheap availibilty of skilled workforce with English speaking and technical expertise. Big enterprises have found it economically feasible to set up operations in India due to technologies like VOIP, internet, email etc.
As a new Indian middle class has developed around the wealth that the IT and BPO industries have brought to the country, a new consumer base has developed. International companies are also expanding their operations in India to service this massive growth opportunity. Notable examples of international companies that have done well in India in the recent years include Pepsi, Coca-Cola, McDonald’s, and Kentucky Fried Chicken, whose products have been well accepted by Indians at large.
Globalization in India has been advantageous for companies that have ventured in the Indian market. Population has worked to their advantage. By simply increasing their base of operations, expanding their workforce with minimal investments, and providing services to a broad range of consumers, large companies entering the Indian market have opened up many profitable opportunities.
Indian companies are rapidly gaining confidence and are themselves now major players in globalization through international expansion. From steel to Bollywood, from cars to IT, Indian companies
References: * www.rediff.com * www.newint.org * www.nationalgeographic.com * www.businessweek.com * www.mpcb.mah.nic.in * www.wikipedia.org * www.bandraworlisealink.com