One of the criteria for a global company is that it should have a manufacturing presence in multiple countries and should not only be an exporter.

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.

If India has to achieve exponential growth, it would have to be on the back of strong growth in the manufacturing sector.

We need to just study what other countries have done. There are examples of a strong partnership between the defence establishment and the private industry.

In 2006, the global economy was doing well. In India, the political and economic situation was stable. All key macroeconomic indicators reflected an economy that was in robust good health.

Our company is very diversified, both in terms of geography and in terms of products.