Home is where the market is
These corporate biggies have left plum jobs in the developed world to return to their country of origin and partake of its growth story.
There is something in common between Pawan Goenka and Carl-Peter Forster. They are heads of significant Indian automotive businesses with an international overseas presence; and they worked with General Motors, or GM - albeit in remarkably distinct eras and circumstances.
Goenka left the Detroitheadquartered manufacturer in the early '90s at a time when GM held sway as the world's largest carmaker by sales. Forster in sharp contrast left months after the maker of cult brands like Buick, Cadillac and Chevrolet plunged into bankruptcy in mid-2009. Goenka went on to join Mahindra & Mahindra in 1993 and today heads the automotive and farm equipment business; Forster joined Tata Motors as group CEO early this year.
The account of Goenka and Forster tells the story. Of Indians returning to their country of origin to ride a wagon whose engine has revved up and is expected to purr vibrantly for at least another 20 years. Of foreigners who have either heard the heady scraping of the pistons of the boom back home; or are seeking to take shelter from the storm raging in the developed world; or both. Read all about these economic migrants in the pages ahead.
Goenka left the Detroitheadquartered manufacturer in the early '90s at a time when GM held sway as the world's largest carmaker by sales. Forster in sharp contrast left months after the maker of cult brands like Buick, Cadillac and Chevrolet plunged into bankruptcy in mid-2009. Goenka went on to join Mahindra & Mahindra in 1993 and today heads the automotive and farm equipment business; Forster joined Tata Motors as group CEO early this year.
The account of Goenka and Forster tells the story. Of Indians returning to their country of origin to ride a wagon whose engine has revved up and is expected to purr vibrantly for at least another 20 years. Of foreigners who have either heard the heady scraping of the pistons of the boom back home; or are seeking to take shelter from the storm raging in the developed world; or both. Read all about these economic migrants in the pages ahead.
