india immersion program - laucep.lau.edu.lb/docs/indiab.pdf · to the north-east; and burma and ......

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LAU Continuing Education Program LAU @ CEP presents in partnership with the Lebanese Chamber of Commerce, Industry and Agriculture in Zahle & the Association of Lebanese Industrialists India Immersion Program “ Business Study Mission to India”

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Page 1: India Immersion Program - LAUcep.lau.edu.lb/docs/indiab.pdf · to the north-east; and Burma and ... it is considered a newly industrialized country. However, ... oilseed, cotton,

LAU Continuing Education ProgramLAU @ CEP presents

in partnership withthe Lebanese Chamber of Commerce, Industry and Agriculture in Zahle

& the Association of Lebanese Industrialists

India Immersion Program

“ Business Study Mission to India”

Page 2: India Immersion Program - LAUcep.lau.edu.lb/docs/indiab.pdf · to the north-east; and Burma and ... it is considered a newly industrialized country. However, ... oilseed, cotton,

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Travel Times and Dates:

• Departure by Qatar Airways flight from Beirut for New Delhi (India) at 1800 Hour (6 p.m.) on Saturday, May 10, 2014.• Arrival at the New Delhi Airport at 8 a.m. on Sunday, March 11, 2014. • Departure from New Delhi (India) for Beirut at 4 a.m. on Monday, May 19, 2014 by Qatar Airways flight. Return Flight would land at Beirut airport at 1.30 p.m. on Monday, May 19, 2014.

Your Destination City:

New Delhi, India’s Capital for 2000 Years)

Please cruise its touristic website for details: http://www.delhitourism.gov.in/delhitourism/index.jsp

Lebanese Sponsors:

• Lebanese Chamber of Commerce and Industry• Lebanese Association of Industrialists• Arab Chamber of Commerce

Indian Hosts Organizations: • Indian Chamber of Commerce and Industry• New Delhi State Chamber of Commerce and Industry• NOIDA Chamber of Commerce and Industry• Gurgaon Chamber of Commerce and Industry• Punjab State Chamber of Commerce and Industry• Haryana State Chamber of Commerce and Industry• Uttar Pradesh State Chamber of Commerce and Industry

Program Features:

• 12 industrial visits on 4 Different Days to 12 Factories, Industrial Complexes and Business Enterprises from Tuesday to Friday (May 13, 14, 15, 16, 2014) from 8 a.m. to 6 p.m. everyday• 8 Hour Lecturing at the LAU Beirut Campus on Saturday, May 10, 2014 from 9 a.m. to 6 p.m. • 8 Hour Professional Session (Via 8 Indian Guest Speakers) in New Delhi on Monday, May 12, 2014,from 8 a.m. to 6 p.m.• 8 Hour Lecturing at the LAU Beirut Campus on Saturday, May 10, 2014 from 9 a.m. to 6 p.m. • Personal Sightseeing in and around Delhi and Agra (City of Taj) on your own on Saturday and Sunday May 11, 17, and 18, 2014.

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India is a story of growth and opportunity as it is one of the fastest growing economies in the world with a sustained annual growth of 8-9%. This program provides an introduction to doing business in and with India, and aims at describing and analyzing the key managerial and entrepreneurial challenges for international and multinational firms across India. Students will deepen their understandings of the managerial realities of business enterprises extending internationally, and increase their ability to deal systematically with the strategic and operating issues, problems, and opportunities facing them.

India is a very different business environment for those accustomed to western business systems. The primary objective of this course is to give an insightful and detailed understanding of Indian business environment today and tomorrow. Course will probe how India is emerging as a “Regional Super Power” from all perspectives (cultural, social, economic, educational, scientific, technological, and military).

With 1.2 billion people and counting, one of the oldest civilizations and the largest democracy in the world; world’s tenth-largest economy by nominal GDP and third-largest economy by purchasing power parity (PPP), India will be a force in the global economy for the foreseeable future. It is, therefore, necessary for LAU EMBA/MBA students to learn about India and how to conduct business there.

India is a world leader in 3 industries:(i) Information Technology (ii) Generic Pharmaceutical(iii) Foodall of these industries would be the major focus of our program.

Learning Outcomes:

By the conclusion of this program, you will be to:

• Gain fundamental knowledge about India: Hindu philosophy, Hindu ideology, history, culture, heritage, traditions; • Appreciate the dynamics of Indian society; • Think critically about how the unique environment of India shapes entrepreneurial and managerial decisions; • Learn the dynamics of Indian business system;• Appreciate the power of Indian Bureaucracy, • Appreciate the importance of large family owned Indian Business Houses; • Analyze the uniqueness of the “Indian Entrepreneurship Model”;• Learn dynamics of “Indian Leadership Style”; • Learn the Web of Overseas Indian Capitalism (Indian Diaspora);• Analyze differences in corporate governance structures between India and the U.S. and how these structures influence the risk of investing;• Develop a detailed understanding of the Indian Capitalist Model (ICM); and the relationship of Indian government and large family owned Indian Business Houses; • Indian Import and Export Regime; • Appreciate the legal and regulatory framework of Indian business environment, and • Identify business opportunities across India.

Background Information

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Readings:

• Collection of Harvard Business Review Articles and Cases on New India.

Pedagogy:

This program would employ different pedagogical tools such as lectures, discussion, case studies, guest lectures, video/DVD presentations, company visits, and special presentations.

Topical Coverage:

• Dynamics of Indian Marketing (e.g., Marketing At The Bottom Of The Pyramid, Rural Marketing)

• Dynamics of Indian Entrepreneurship Style

• Dynamics of Indian Management Style (Indian Negotiation Style and Mindset of an Indian Manager)

• Dynamics of Indian Leadership Model

• Dynamics of Indian Economy

• Dynamics of Indian Financial System (e.g., Raising Capital in The Indian Capital Market, Capital Inflows and Their Impact On the Indian Economy)

• Dynamics of Indian Culture (Cultural Ethos)

• Dynamics of Indian Philosophy (Hindu Religion, Traditions, and Hindu Mindset)

• Dynamics of Indian History (Evolution of India as a Modern Country)

• Dynamics of Outsourcing

Program Focus:• Indian Information Technology Industry• Indian Pharmaceutical Industry• Indian Food Industry• Dynamics of Indian business system with FOCUS on MANUFACTURING• Case Study: Indian investment across the United Arab Emirates

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India, officially the Republic of India is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bayof Bengal on the south-east, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north-east; and Burma and Bangladesh to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; in addition, India's Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.

Home to the ancient Indus Valley Civilization and a region of historic trade routes and vast empires, the Indian subcontinent was identified with its commercial and cultural wealth for much of its long history. Four world religions—Hinduism, Buddhism, Jainism, and Sikhism—originated here, whereas Judaism, Zoroastrianism, Christianity, and Islam arrived in the 1st millennium CE and also helped shape the region's diverse culture. Gradually annexed by and brought under the administration of the British East India Company from the early 18th century and administered directly by the United Kingdom from the mid-19th century, India became an independent nation in 1947 after a struggle for independence that was marked by non-violent resistance led by Mahatma Gandhi.The Indian economy is the world's tenth-largest by nominal GDP and third-largest by purchasing power parity (PPP). Following market-based economic reforms in 1991, India became one of the fastest-growing major economies; it is considered a newly industrialized country. However, it continues to face the challenges of poverty, corruption, malnutrition, inadequate public healthcare, and terrorism. A nuclear weapons state and a regional power, it has the third-largest standing army in the world and ranks eighth in military expenditure among nations. India is a federal constitutional republic governed under a parliamentary system consisting of 28 states and 7 union territories. India is a pluralistic, multilingual, and multi-ethnic society. It is also home to a diversity of wildlife in a variety of protected habitats.

Dynamics of Indian Economy

According to the World Bank, as of 2011, the Indian economy is nominally worth US$1.848 trillion; it is the tenth-largest economy by market exchange rates, and is, at US$4.457 trillion, the third-largest by purchasing power parity, or PPP. With its average annual GDP growth rate of 5.8% over the past two decades, and reaching 6.1% during 2011–12, India is one of the world's fastest-growing economies. However, the country ranks 140th in the world in nominal GDP per capita and 129th in GDP per capita at PPP. Until 1991, all Indian governments followed protectionist policies that were influenced by socialist economics. Widespread state intervention and regulation largely walled the economy off from the outside world. An acute balance of payments crisis in 1991 forced the nation to liberalize its economy; since then it has slowly moved towards a free-market system by emphasizing both foreign trade and direct investment inflows. India's recent economic model is largely capitalist. India has been a member of WTO since 1 January 1995. The 486.6-million worker Indian labor force is the world's second-largest, as of 2011. The service sector makes up 55.6% of GDP, the industrial sector 26.3% and the agricultural sector 18.1%. Major agricultural products include rice, wheat, oilseed, cotton, jute, tea, sugarcane, and potatoes. Major industries include textiles, telecommunications, chemicals, pharmaceuticals, biotechnology, food processing, steel, transport equipment, cement, mining, petroleum, machinery, and software. In 2006, the share of external trade in India's GDP stood at 24%, up from 6% in 1985. In 2008, India's share of world trade was 1.68%; In 2011, India was the world's tenth-largest importer and the nineteenth-largest exporter. Major exports include petroleum products, textile goods, jewelry, software, engineering goods, chemicals, and leather manufactures. Major imports include crude oil, machinery, gems, fertilizer, and chemicals. Between 2001 and 2011, the contribution of petrochemical and engineering goods to total exports grew from 14% to 42%. Averaging an economic growth rate of 7.5% for several years prior to 2007. India has more than doubled its hourly wage rates during the

Why India?

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first decade of the 21st century. Some 431 million Indians have left poverty since 1985; India's middle classes are projected to number around 580 million by 2030. Though ranking 51st in global competitiveness, India ranks 17th in financial market sophistication, 24th in the banking sector, 44th in business sophistication, and 39th in innovation, ahead of several advanced economies, as of 2010. With 7 of the world's top 15 information technology outsourcing companies based in India, the country is viewed as the second-most favorable outsourcing destination after the United States, as of 2009. India's consumer market, currently the world's eleventh-largest, is expected to become fifth-largest by 2030.

India's telecommunication industry, the world's fastest-growing, added 227 million subscribers during the period 2010–11, and after the first quarter of 2013, India surpassed Japan to become the third largest smartphone market in the world after China and the U.S.

The Pharmaceutical industry in India is among the significant emerging markets for global pharmaceutical industry. The Indian pharmaceutical market is expected to reach $48.5 billion by 2020. India's R & D spending constitutes 60% of Biopharmaceutical industry. India is among the top 12 Biotech destinations of the world. The Indian biotech industry grew by 15.1% in 2012-13, increasing its revenues from 204.4 Billion INR (Indian Rupees) to 235.24 Billion INR (3.94 B US$ - exchange rate June 2013: 1 US$ approx. 60 INR.

Despite impressive economic growth during recent decades, India continues to face socio-economic challenges. India contains the largest concentration of people living below the World Bank's international poverty line of US$1.25 per day, the proportion having decreased from 60% in 1981 to 42% in 2005. 48% of India's children under the age of five are underweight, half the children under five suffer from chronic malnutrition, and in the states of Madhya Pradesh, Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Jharkhand, Karnataka, and Uttar Pradesh, which account for 50.04% of India's population, 70% of the children between the ages of six months and 59 months are anemic. The Mid-Day Meal Scheme attempts to lower these rates. Since 1991, economic inequality between India's states has consistently grown: the per-capita net state domestic product of the richest states in 2007 was 3.2 times that of the poorest. Corruption in India is perceived to have increased significantly, with one report estimating the illegal capital flows since independence to be US$462 billion. Driven by growth, India's nominal GDP per capita has steadily increased from US$329 in 1991, when economic liberalization began, to US$1,265 in 2010, and is estimated to increase to US$2,110 by 2016; however, it has always remained lower than those of other Asian developing countries such as Indonesia, Iran, Malaysia, Philippines, Sri Lanka, and Thailand, and is expected to remain so in the near future.

According to a 2011 PricewaterhouseCoopers report, India's GDP at purchasing power parity could overtake that of the United States by 2045. During the next four decades, Indian GDP is expected to grow at an annualized average of 8%, making it potentially the world's fastest-growing major economy until 2050. The report highlights key growth factors: a young and rapidly growing working-age population; growth in the manufacturing sector because of rising education and engineering skill levels; and sustained growth of the consumer market driven by a rapidly growing middle class.

The World Bank cautions that, for India to achieve its economic potential, it must continue to focus on public sector reform, transport infrastructure, agricultural and rural development, removal of labor regulations, education, energy security, and public health and nutrition.

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Citing persistent inflation pressures, weak public finances, limited progress on fiscal consolidation and ineffectiveness of the government, rating agency Fitch revised India's Outlook to Negative from Stable on 18 June 2012. Another credit rating agency S&P had warned previously that a slowing GDP growth and political roadblocks to economic policy-making could put India at the risk of losing its investment grade rating. However, Moody did not revise its outlook on India keeping it stable, but termed the national government as the "single biggest drag" on the business activity.

Indian Speakers:

About 8 distinguished India experts (entrepreneurs, traders, merchants, exporters, importers, professionals, consultants, and bureaucrats) would be invited to make presentations in English language from 9 a.m. through 6 p.m. on Monday, June 2, 2014.

Sample Business Visits:Orient Craft Pvt. Ltd

Orient Craft, which has acquired the prestigious recognition of a Four Star Export House by the Govt. of India, is one of India's leading garment manufacturing and exporting houses with the annual turnover of Rs. 650 Crores for the year 2004-2005 and is expected to touch 750 Crores in the current financial year. Orient Craft today has 19 state-of-the-art manufacturing facilities in and around Delhi, with a direct strength of 20,000 people.

At present, Orient has 20 production units spread across Gurgaon, Noida and Okhla in Delhi. The expansion plan envisages setting up of two new facilities at Manesar. The company expects the expansion plans to boost its revenue generation and the annual turnover to be in the excess of Rs 800 crore, growing by over one-fourth from last year.

National Thermal Power Corporation

India’s largest power company, NTPC was set up in 1975 to accelerate power development in India. NTPC is emerging as a diversified power major with presence in the entire value chain of the power generation business. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilization and coal mining. NTPC ranked 337th in the ‘2012, Forbes Global 2000’ ranking of the World’s biggest companies. NTPC became a Maharatna company in May, 2010, one of the only four companies to be awarded this status.NTPC has been awarded No.1, Best Workplace in India among large organizations and the best PSU for the year 2010, by the Great Places to Work Institute, India Chapter in collaboration with The Economic Times. (http://www.ntpc.co.in/)

Pepsi Co.(India)

PepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Their main businesses – Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo entered India in 1989 and has grown to become one of the largest food and beverage businesses in India. PepsiCo India has been consistently investing in the country and has built an expansive beverage and snack food business supported by 38 beverage bottling plants and 3 food plants. PepsiCo India’s diverse portfolio includes iconic brands like Pepsi, Lay’s, Kurkure, Tropicana 100%, Gatorade and Quaker. Within 2 decades, the company has been able to organically grow eight IN Rupees 1000 crore plus brands in India, which are household names trusted across the country. (http://www.pepsicoindia.co.in/)

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Maruti Suzuki Automobile India Limited (www.marutisuzuki.com): Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, established in 1981 is a pioneer in the Indian automobile industry. It is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki.

Through 2004, Maruti Suzuki has produced over 5 Million vehicles. Maruti Suzukis are sold in India and various several other countries. The company exports more than 50,000 cars annually and has domestic sales of 730,000 cars annually. Its manufacturing facilities are located at two facilities Gurgaon and Manesar in Haryana. Maruti Suzuki’s Gurgaon facility has an installed capacity of 900,000 units per annum. The Manesar facilities, launched in February 2007 comprise a vehicle assembly plant with a capacity of 550,000 units per year and a Diesel Engine plant with an annual capacity of 100,000 engines and transmissions. Manesar and Gurgaon facilities have a combined capability to produce over 14, 50,000 units annually.

As of November 2012, it had a market share of 37% of the Indian passenger car market. Maruti Suzuki manufactures and sells a complete range of cars from the entry level to luxury and sports utility. In February 2012, the company sold its ten millionth vehicle in India.

Mother Dairy (www.motherdairy.com): Mother Dairy was set up in 1974 under the Operation Flood Programme. A wholly owned company of the National Dairy Development Board (NDDB), Mother Dairy manufactures, markets & sells milk and milk products, edible oils, fresh Fruit & vegetables, frozen vegetables, processed fruit & vegetable products, fruit pulps & concentrates. Mother Dairy sources significant part of its requirement of liquid milk from dairy cooperatives. Similarly, Mother Dairy sources fruits and vegetables from farmers / growers associations. It is Mother Dairy’s constant endeavor to ensure food products to consumers at competitive prices and uphold institutional structures that empower milk producers and farmers through processes that are equitable.

At Mother Dairy, processing of milk is controlled by process automation whereby state-of-the-art microprocessor technology is adopted to integrate and completely automate all functions of the milk processing areas to ensure high product quality/ reliability and safety. Mother Dairy is an ISO 9001:2008 (QMS), ISO 22000:2005 (FSMS) and ISO 14001:2004 (EMS) certified organization. Mother Dairy has Certificate of Approval from Export Inspection Council of India also. Moreover, its Quality Assurance Laboratory is certified by National Accreditation Board for Testing and CalibrationLaboratory (NABL)-Department of Science and Technology, Government of India.

Marque Impex, NOIDA (www.marqueimpex.com): Marque Impex, incepted in 1996 a well acclaimed name in the giftware and handicraft industry, located in Moradabad the brass city of India. Marque Impex is actively engaged in the manufacturing and export of a splendid range of Indian Handicrafts and Decorative Accessories by using the base materials of all type of Metal, Wood, Paraffin Wax and Fabric with beads works.Marque Impex is an ISO Certified Organisation ISO. 9001-2000 ISO SA-8000.

• Land Area - 10 acres; Covered Area - 2, 00,000 Sq. Ft. • Total Annual Turnover - USD 15 Million.• Major Clients - Target, Pier 1, Crate & Barrel, Pottery Barn, Laura Ashley etc.• Social Compliance certified by -BVCPS, CT-PAT, ITS, KPMG, OMEGA.

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Biocon (www.biocon.com): Biocon, India's largest biotech company is focused on delivering affordable innovation. It is committed to reduce therapy costs of chronic diseases like diabetes, cancer and utoimmune diseases by leveraging India's cost advantage to deliver affordable healthcare solutions to patients, partners and healthcare systems across the globe.Biocon's key innovations include world's first Pichia based recombinant human Insulin, INSUGEN®, insulin analogue Glargine, BASALOG® and India's first indigenously produced monoclonal antibody BioMAb-EGFR®, for head & neck cancer. INSUPen® is a next generation affordable insulin delivery device introduced in India by Biocon.Its aspiration to become a US $ 1 billion company by FY 18 is fuelled by five powerful growth accelerators, Small Molecules, Biosimilars, Branded Formulations, Novel Molecules, and Research Services with a focus on emerging markets. Over the decades, Biocon has successfully evolved into an emerging global biopharma enterprise, serving its partners and customers in over 75 countries.

Hindustan Unilever Limited (www.hul.co.in):

Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods Company with a heritage of over 75 years in India and touches the lives of two out of three Indians. With over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers, the Company is a part of the everyday life of millions of consumers across India. Its portfolio includes leading household brands such as Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & Lovely, Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit.The Company has over 16,000 employees and has an annual turnover of around Rs.25, 206 crores (financial year 2012 - 2013). HUL is a subsidiary of Unilever, one of the world’s leading suppliers of fast moving consumer goods with strong local roots in more than 100 countries across the globe with annual sales of €51 billion in 2012. Unilever has about 52% shareholding in HUL.

Wipro (www.wipro.com):

Wipro Infotech is a leading manufacturer of computer hardware and provider of IT services in India and the Middle East region. Part of Wipro Ltd, the $6.98 billion conglomerate and global leader in technology enabled solutions, the company leverages on the parent's philosophy of 'Applying Thought' to enable business results by being a transformation catalyst.

Wipro’s vast IT services portfolio includes consulting, systems integration, application development and maintenance, technology infrastructure services, package implementation and R&D services among others. Wipro Infotech maintains offices across India, and has operations in Middle East.

Tata IT Consultancy Services (www.tcs.com):

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global businesses, ensuring a level of certainty that no other firm can match. TCS offers a consulting-led integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model™ (GNDM™), recognized as the benchmark of excellence in software development. TCS is part of the Tata group, one of India’s largest industrial conglomerates and most respected brands. TCS was established in 1968 as a division of Tata Sons Limited. TCS Ltd. got incorporated as a separate entity on January 19, 1995.TCS has over 276,000 of the world’s best-trained IT consultants in 44 countries.

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Hind Agro (www.hind.in):Hind Agro Industries Limited is the first company in India to have Asia's one of the most modern abattoir-cum-meat processing plant at Aligarh in the State of Uttar Pradesh in North India. It is a joint venture of Hind Industries Limited, Govt. of Uttar Pradesh and assisted by Govt. of India. This plant at Aligarh is approved by the Agricultural and Processed Food Products Export Development Authority (APEDA), Ministry of Commerce, Govt. of India for export of meat and meat products.- Recipient of APEDA Award for Export Promotion- Market Development and Quality for eleven years consecutively- National Productivity Council Award for the Best Performance.- State Government Award - 1st Prize.

Logistical Issues

Registration:Please register for this program with Lebanese American University Continuing Education Program (LAU -- CEP) ASAP in order to avoid disappointment as there are only 30 slots available within this program and they would be offered on first come and first serve basis. Kindly contact miss Farah Christina Osman at “LAU CEP Office” using the following coordinatesfor registration and to seek further information about this program. Ms. Farah Christina OsmanCoordinator: Business Study Mission to indian ProgramContinuing Education Program - Beirut CampusEmail: [email protected]: 00 961 1 786 456 / 464 Ext: 1953website: www.la.edu.lb / cep

Travel: “LAU CEP Office” is working with a local Lebanese travel agency (World Travel System --- WTS) to negotiate a group rate for your air travel to India by Qatar Airways. We intend to fly out of Beirut airport as a group. Hence, you MUST buy your ticket from WTS only in order to maintain group dynamics.You are welcome to stay in India for an extended period at your own cost. You are welcome to bring your spouse, partner, friends and family members at an additional cost.

Your Travel Coordinator: Please contact your following travel coordinator ASAP:Ms. Jamal El-HassanCounter SupervisorWorld Travel System4th Floor, Masabki and Serhal BuildingMakdessi Street, HamraBeirut, LebanonTel: 01-7454-29/30, 01-749101/2/3Email: [email protected]

Indian Hotel:

World Travel System is making arrangements for your stay at the luxurious 5 stars“Kempinski Hotel” in Gurgaon, a suburb of New Delhi.

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Orientation:

“LAU CEP Office” will organize an orientation session for those of you, who have registered and have paid their tuition in full. You will be invited to attend this session before your departure for India.

Target Market:

This program is open for all members of the Lebanese business community. Business leadres, entrepreneurs and top managers of firms based in Lebanon are the ideal target market of thisprogram. “LAU CEP Executive Development Certificate” would be awarded on the successful participation in this program.

Liability:

“LAU CEP Office” will buy a global insurance policy from a Lebanese Insurance Company to provide an insurance coverage to the Lebanese delegates who would be visiting India under LAU patronage. Moreover, Registered delegates would be required to sign a legal document to absolve LAU from any liability in case of any mishap, accident and/or loss.

India Management Firm:

Two Indian event management firms, Devpproquo company (www.devproquo.com), and Sunstone Advisors Private Limited (www.sunstoneindia.com) have been engaged as our partners to organizeour program on the soil of India.

Fees:

3,500 $ for all of the above excluding airfare, room and rand.Please refer to the Travel section and travel agency regarding room and rand.

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Your Professional Coordinator for this Program:Prof. Dr. Zafar U. Ahmed

BBA (New York), MBA (Texas), Ph.D., (Utah), B.Com., (India), M.Com., (India), Ph.D,. (India), D.Litt., (India).,Professor of Marketing and International BusinessFounding President/CEO: Academy for Global Business AdvancementFounding Editor-in-Chief: Journal for Global Business AdvancementDepartment of MarketingSchool of Business(Candidate for AACSB Accreditation)

Lebanese American University(Chartered in the State of New York, USA)(Accredited by the New England Association of Universities and Colleges, USA)P.O.Box #: 13-5053, ChouranBeirut 1102--2801Lebanon

Skype ID: zafaruahmedEmail: [email protected] #: +961-70-972-480