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India is an important talent contributor to our global leadership in the U.S., says Ramadurai
Minnesota-based 3M Company, that manufactures more than 60,000 products for homes, schools, enterprises, governments and hospitals, may be staring at a barrage of market challenges. These include flagging demand for cars and smartphones, growing end-market softness in China, company’s recent exit from Venezuelan market citing “unstable environment” and an urgent need to cut its flab by 2,000 through a global lay-off as part of the company’s “aggressive action” to drive costs down. Despite these challenges, 3M’s India operations remain unaffected and bullish, newly-appointed managing director Ramesh Ramadurai told The Hindu . Listing out his immediate priorities as the country head, Mr. Ramadurai said 3M India had a strong history of building sustainable businesses based on its deep customer orientation and innovation. Mr. Ramadurai said 3M’s priority was to use the breadth of its technologies and platforms to make a difference to people in India on the ground. The company offers highway safety signs, smart variable messaging signs and road furniture (objects used for safety and traffic control on State and national highways). It’s solutions also go into manufacturing industries and 3M’s advanced infection prevention solutions are widely used by hospitals in the country. On India’s contribution to 3M’s global businesses, he said 3M India had been one of fastest growing subsidiaries. “India is also an important talent contributor to our global leadership in the U.S., to the scientific community and to several regional leadership positions in the Asia Pacific,” he added.
On online sales push, he said, digitisation and the digital economy have opened up a great opportunity. “Our e-commerce business is growing rapidly and we expect this momentum to build as shopping behaviour continues to evolve,” he said.
