Changing Agri Commodity Market.....SAMANVAYA.....

Mr. Pradeep Srivastava and Mr. Shashi Shekhar Interacting with students at MANAGE

Mr.Pradeep Srivasatva, Senior Manager (Purchase), Britannia Industries Limited (BIL) was on campus on 13th August. He was accompanied by Mr. Shashi Shekhar, Manager (purchase) at BIL. Being a very affectionate alumni of PGPABM (batch 97-99) of MANAGE, he addressed the joint session of current 1st and 2nd year of PGPABM on changing agri-commodity markets, challenges in procurement of wheat etc. He also dwelt on the importance of developing insights and contrarian way of thinking while taking a view of the markets so that right decision on timing and price of buying can be taken. In his own words “Keep your eyes and ear open all the time to understand things better than others”. On being asked about the slowdown in economy he said that commodity inflation will require more vigil by managers and this makes the role of agri-business managers more vital. He said “Despite some signs of slowdown, this is the best time to be an agri-business manager”.
He particularly asked the students to build a strong foundation in Statistical tools and techniques because of their growing relevance in the complex markets of today. As an answer to a query he lauded the opening up of MCX spot exchanges and wished that it succeeds. In his view “Commodity exchanges are the future of trading in India” and bans on trading on wheat etc. are due to nascence of future markets here. “Things will improve with our growing understanding of how the markets work”.

Visit of Mr.Sanjay Das,National Category Manager-Staples.....SAMANVAY..

Mr. Sanjay Das visited the MANAGE campus and talked about Retail industry and Spencers retail and their status in India. He talked about the major retail formats of Spencers. According to him “Mergers are leading to profit generations but due to business tycoons entering in organized sector prices will hike.” Mr. Das is an alumni of MANAGE (1998-2000) and has worked with companies like ITC, Monsanto etc. He focused upon the qualities which an agribusiness professional should possess in these times of severe competition and asked students to work on innovative ideas and concepts to strengthen their foundation. He said “Future of Agri business managers in retail is good” but its for the students how they cash it.

Here we begin..

Visit of Mr. M.P. Poonia (Dow Agrosciences) to MANAGE

Mr.Poonia at SAMANVAY…..The Industry Interface Programme.
Mr.Poonia interacting with students at MANAGE, Hyderabad.

Mr. Poonia visited the campus and talked about present scenario of Agro Chemical industry. He threw light on the various requirements which an agribusiness manager needs to fulfill while getting into this sector. He talked about various pros and cons of prevailing scenario of the industry in India as well as World. He had a long interaction with the students and gave them the insights of agrochemical sector. According to him “Ag. Chem. Market is 5% inspiration and 95% perspiration.” and said that students entering the input sector should be prepared for the grind in initial years. “Indian Ag. Chem. Market is worth 690 MM $ US, out of which 61% is held by insecticide and 17% by herbicide” said Mr. Poonia


Excerpts:

“India is a market facing with business with small customers spread around the country.”

“Indian Ag. Chem. Market is worth 690 MM $ US, out of which 61% is held by insecticide and 17% by herbicide.”

“GM crops are hampering insecticide business, thus insecticide companies need to have to have strong portfolio to survive.”

‘Maximum competition to basic manufacturers is given by generic manufacturers.”

“Rapid commoditization is leading to conversion of brands into commodities.”

“Technology is shortening the life cycle of product.”

“Distribution Channels have now become capital intensive, decentralized and delayered.”

“Mergers and acquisitions are the order of the day as it leads to synergy of resources.”

“Ag. Chem. Market is 5% inspiration and 95% perspiration.”

Great Job Guys

Dear All

A great effort. My best wishes are with all of you and I am sure you will make all efforts to spread all the information about agri business in India. I am sure in the times to come you will become the source of information for all be it industry, academics, planners or students. Please ensure you keep this Blog live all the times and also ensure that the information you post on this Blog is authentic and credible.
All the Best

Prof. Sanjeev Varshney
XLRI Jamshedpur
India

Change in the name of blog

Hi friends , there is a small change in the name of blog to make it more reachable to all the people outside MANAGE and everyone. This step has been taken to increase the traffic to the blog. Now the blog will be called as AgribiZMANAGE instead of MANAGEagribiZ.

Shashank.