New Delhi: With the urban markets giving lesser growing opportunity to the investors, Alok Bharadwaj, Sr VP, Marketing, Canon India, at the Real India Conclave, batted for the creation of better and sustainable alternatives for the Indian market in a bid to safeguard the economy.   

 “We are here with a mindset of value creation and business. As business leaders, we need to create a better tomorrow,” said Bharadwaj.

He further said, “We need to bring in change as nothing is permanent and develop a value creation platform.”

Making special mention to Bihar, he said, “I see this platform emerging in Bihar. We can see the effort to create a better tomorrow. What creates business is the market; what creates the market is economic activity and what creates economic activity is good governance.”

On the marketing side, Bharadwaj shared some thoughts explaining the enablers of transformation. The most important one today is globalisation, which creates enormous opportunities for doing business and consumption of the best products. The second enabler is the demographics which continue to play an important role. The third one is media consumption and the fourth one is technology.

“There are 4000 cities that are emerging markets in India. How are we preparing ourselves to do business in these 4000 cities?” he asked.

In the markets that his company, Canon did business in, one third of the business has come from emerging markets. What they discovered was that this one third market grew at 60 per cent, while growth of top cities was at 15 per cent.

In emerging markets, there has to be a strategy that is futuristic, he explained. Marketers have to work on three things: customer value, customer connects and customer trust.

In the next decade, the marketer will see India as not one market, but many markets. The approach for building markets in India is very promising.

With the motto, “Marketers cannot afford to ignore emerging markets of India today”, ‘Real India Conclave’ is an attempt by Jagran and exchange4media to bring to the forefront the huge opportunities that are waiting to be tapped in the emerging states in India. This initiative is aimed at revealing the potential of emerging India. It is a thematic forum and the first edition focuses on the state of Bihar.

(JPN)

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