Posted on March 5, 2009 by Santhosh
Here is the quiz: Which of the following Indian organizations made it to the Fast Company’s list of 50 most Innovative companies in the world?
3. Dr. Reddys Labs
4. Aravind Eye Care System
The answer is 4. Aravind Eye Care System! Its remarkable. Aravind is the only Indian organization in the Fast Company 50 list and shares the honors with many other with others like Google, Cisco, Intel, Apple and the Obama Campaign (Yes, you heard me right!)
Below is the excerpt from Fast Company:
The network of not-for-profit hospitals and vision centers performs 300,000 eye surgeries each year — 70% for free — using broadband connections to on-call doctors in city hospitals for instant diagnosis. Camps in rural areas screen thousands of patients weekly. “We are going from village to village to provide eye care to the unreached,” says Aravind’s chairman, Dr. P. Namperumalsamy. Aravind won the 2008 Gates Award for Global Health.
Well, the folks in the Indian media need to take note. We have never seen Aravind in the list of India’s Most Innovative Companies in the past (where it rightfully belongs)
Click here to see our previous coverage on Aravind.
Filed under: BoP, Health | Tagged: Aravind Eye Care System, BoP, Fast Company, Health, Tamil Nadu | 3 Comments »
Posted on November 6, 2008 by Santhosh
Not long ago, we had written about Envirofit, a company that manufactures and sells clean burining high-efficiency cookstoves to consumers in India.
Nextbillion reports that they have already sold 10,000 stoves and are ramping up production quickly. Of course, its a drop in the ocean, but definitely a great start. Congrats!
Filed under: BoP, Energy, Environment | Tagged: BoP, cooking stoves, Envirofit | Leave a comment »
Posted on September 15, 2008 by Santhosh
It sounds like a mandatory social responsibility order on profit making public sector enterprises (PSEs) in Gujarat. Below is the brief from Times of India:
In a controversial order, the Gujarat government has asked all profit-making public sector enterprises (PSEs) in the state to contribute up to 30% of their annual profit before tax to Gujarat Socio-Economic Development Society (GSEDS), set up to support weaker sections of society.
What adds a twist to the story is that many of the companies are listed in the country’s leading stock exchanges. How would the investors react? Well, the PSEs have lost hundreds of millions in market valuation:
‘‘It’s a retrograde step from the capital market point of view. A better way to implement CSR is to ask PSEs to increase the dividend payouts so that the Gujarat government receives higher sum to donate to any society of its choice,’’ said V K Sharma, the head of Anagram Securities.
To hell with the markets? Maybe not. It’s a little bit of an irony that Gujarat is arguably one of the most market-friendly states in the country with strong captialist idealogies. In fact, Mr. Modi recently won the state elections running on a platform of economic growth and prosperity!
Filed under: CSR, Government | Tagged: ET, Gujarat, Narendra Modi, Public Sector Enterprises (PSEs) | Leave a comment »
Posted on August 24, 2008 by Santhosh
The folks at LiveMint have a radical idea to address the stray dog problem in the Indian cities – Privatize them! [Via India Uncut]
The fundamental problem is that stray dogs are “public property”, which creates what economists call “negative externality”. Those who feed and pamper the dogs while benefiting from wagging tails and warm cuddles are not held responsible for the nuisance dogs inflict on other citizens.
What is the way ahead? Privatize stray dogs. The municipalities of India’s metropolises should put stray dogs on sale. Animal rights activists and dog lovers are free to buy and own the canines as pets. They shall be held legally liable for damages their pets inflict on others
Very intriguing and compelling argument. I’m just worried about enforceability of such an idea. But, I’m sure its worth a try.
Filed under: Government, Public Awareness | Tagged: Indian Uncut, livemint, Negative Externalities, public goods, Stray Dogs | Leave a comment »