The 124-year-old conglomerate in mulling for a complete large-scale division between two groups -- one led by Adi Godrej and Nadir Godgej, and the other by Jamshyd N Godrej and his sister Smitha Godrej Crishna.
"We are seeing a lot of investments coming from this region (into India)," he said, referring to Japan, South Korea and China.
The role of manufacturing is changing. India is riding on the anvil of major reforms and is poised to become the third-largest economy of the world by 2030 but how can India‘s manufacturing sector integrate its 400 million labour pool with its research community?
Referring to the VLFM Village Buddha programme, he said a clear focus of society to go beyond manufacturing industry will help the villages and rural society.
Striking a positive note, Godrej and Boyce Manufacturing Company CMD Jamshyd N Godrej said the economy should be in a better position next year. "It is difficult to say (when the economy will recover).
Industry chamber CII today said there is a lot of potential in the manufacturing industry but it needs the support of both the government and private sector to tap that.
High inflation, falling rupee and a slowing industry is proving to be a triple whammy for the Indian economy. And under this three pronged attack, where does growth head? Archana Shukla gets you Indian Inc's rather grim verdict.