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The world is taking note of Surat’s sparkling growth story. Last year, the World Mayors Council named it as the fourth fastest growing city. Now, the Harvard Business School has sent a team of six post-graduate students to the city for a case study on Surat, the fastest developing urban market of India.
The six MBA students were here on a three-day visit under the Field Immersion Experiences for Leadership Development (Field), a curricular innovation announced by the Harvard Business School in January 2011. Comparing Surat with the auto hub of Detroit, Michael Konialian, a winner of the Princeton Scholarship and said, developed cities of western world must take cue from Surat’s growth. When Detroit grows at 2% per annum, it is amazing to know that Surat’s growth rate is a phenomenal 12.5%. If it gets a mass transport system and air connectivity, Surat has the potential to become one the top cities of the world. Coming from diverse backgrounds ranging from finance to engineering and science to telecom, the Harvard students believe this coming decade will decide the ultimate course for Surat as it has all the ingredients to grow at a much higher pace than the rest of the world but it will have to go about it in an organized way. The energy of the place and people is amazing. We don’t see anything of this nature in the US, said Adel Alderbas, who graduated from Purdue University, earning a BS degree in accounting and management and worked in New York at Wafra Investment Advisory Group as a senior analyst covering emerging markets. Cambridge graduate Alice Henault Deprez said, this emerging market is a combination of old and new. On one side we have beautiful and wide roads with malls and stores and in the space where road dividers are made there are cows and buffalos sitting coolly. This market has potential of eating away major American markets but needs an organized sector to prosper.
Courtesy: Times of India
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