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Mumbai:
John Walsh, chief executive (industrial and special products)
and a member of the main board of the BOC group, one of
the world leaders in the gases industry with a turnover
of $6 billion and an operating profit of $800 million,
is on a three-day visit to BOC India.
Walsh
will review the growth strategy of the group''s Indian
arm and reaffirm the group''s support to the Internet service
provider business and other initiatives being taken by
BOC India.
This
visit, which barely six months ago was preceded by the
visit of group CEO Tony Isaac, is clearly a pointer to
the fact that BOC India is back in spotlight. Walsh described
the reason for this as two fold one is the significant
growth opportunity in India and the other, the commitment
of the new management team of BOC India to deliver an
encouraging and improved performance, evident from the
financial results for the year 2002-03, for which BOC
India has reported a profit before tax of Rs 200 million
against Rs 11 million in the previous year.
BOC
sees a significant growth opportunity in India. This is
a result of its strong infrastructure and capabilities,
established channels to market, strong customer relationship
and high growth in the economy. Besides, as a cost-effective
economy, India is also likely to benefit from getting
a significant investment in the manufacturing activity.
Walsh
clearly spelt out the strategy and stated that BOC India
is committed to delivering safe, reliable and high quality
products to its customers on time consistently.
Three years ago, BOC put a major effort on globally aligning
the organisation to the lines of business (LoB) organisation
to change the focus from the geography to the customer
in each LoB. This has also been successfully done in BOC
India and has paid off in terms of significant benefits
in marketing focus, clear alignment, and adaptation of
best operating and commercial practices from within the
group.
Walsh
also outlined the focus on safety and said he is impressed
with the awareness and commitment to safety in BOC India,
which will also differentiates BOC in its target markets.
He mentioned that BOC India is in an advanced stage of
commissioning its new 225-tpd plant for Tata Steel at
Jamshedpur and more such additional capacities will drive
future profitable growth in the years to come.
While
talking about the various acquisitions made by the BOC
group in Canada, Poland, Malaysia and Thailand, Walsh
said one thing that is demonstrated clearly is the BOC
group''s willingness to invest by making acquisitions.
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