Companies do not support R & D activities

 

Earning in India is difficult. No doubt as per GOI, if any one earns more than 25 thousand per months is considered rich in India which is 10% of total population. Now, see this is 2023 and we are to hear this. I did not want to believe it. I started to see people around me. Then, I found this is true. In India, it is difficult to do business. Last year, we were doing a consultancy project. The project was completed on time and the company wanted to give a new project. Last time when we quoted the expenses for the project, we were doing it at a loss for having an experience (That was our Jio offer). This time we needed to cover our expenses and needed to earn something as we were investing our time for studies and weekends for field visits.  They just ditched us and stopped approaching us. Looking at the company of such a size doing business for considerable time, we were surprised to see their unwillingness pay the bare minimum for traveling and other overheads. We too stopped communicating. This instance has taught me two lessons.

(1) It is difficult to earn and do business in India.

(2) Companies do not support R & D activities.

As companies do not do R & D activities, they run it with conventional wisdom and lacks competitive advantage. That is why when profit margin goes down, they run away by selling their stake to someone. Above all, I was so surprised that the highly trained MBA people running the show in the company were unable to spot it. 

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