Effect of Globalization on Mumbai Essay
Introduction 2 Mumbai – A Cultural Diversity 3 A Brief History 4 A Glocalised World 5 Mumbai Urban Infrastructure Project 6 Navi Mumbai International Airport 11 Mumbai – A Global Financial Hub 13 A Dangerous City to Live In 14 Mumbai 2020: A Vision 17 References 18
Globalization has been an integral part of India’s progress. It has opened up new avenues for growth.
One of the biggest impacts of globalization has been to IT (Information Technology) and BPO (Business Process Outsourcing) sector. These two sectors have progressed at never before pace. Key reasons for this is easy and cheap availibilty of skilled workforce with …show more content…
A “Glocalized” World
Glocalization is a term that was invented in order to emphasize that the globalization of a product is more likely to succeed when the product or service is adapted specifically to each locality or culture it is marketed in. The term combines the word globalization with localization.
Across much of the world, India is still known as a land of elephants and maharajahs. But one day, it might be known for Tata. Headquartered in Mumbai, The Tata group symbolizes the quintessential Indian firm.
A person in the US or UK may never have heard of the Tata Group. But there is a fair chance you have sipped a Tata drink, put on Tata shoes or slept in a Tata hotel in New York, London or Sydney. Your company's software may be made by Tata. The ball bearings in your power drill may be from Tata. When you last checked e-mail, telephoned Beijing or used Skype, Tata's 60,000 kilometers, or 37,000 miles, of deep-sea cables may have connected you.
The Three stages