Reasons behind why Gujarat produces successful family businesses, Kiran Rao at the Toronto International Film Festival and a chat with the makers of National Award-winning animation film 'Kandittund!' (Seen it!) are some of the stories that piqued the interest of our readers this week
1) Passing the baton
Gujarat has been a family business hub for centuries. It was bound to become the focus of one of our annual family business issues. The current Family Business issue, on stands now, highlights some of the noteworthy businesses that have not only contributed to India's economy but have shaped the zeitgeist of Gujarat. Changing times offer new opportunities and present unique challenges. Every new generation of these family businesses has taken over from their predecessors and improved the model while maintaining the core value system. How do they do it? Take a look at the playbooks of brands such as Wagh Bakri, Vadilal, Symphony Fabrics, and Aava Water.
2) Becoming a startup hub
Thanks to the cotton textile industry, Ahmedabad has been called the Manchester of India for the longest time. It has also been a family business hub with many prestigious names—Lalabhais of Arvind Ltd, Adanis of Adani Group, and many more. But there is also a subculture growing faster than the ivy on banyan tree—startups. On August 29, a report from Deloitte-Nasscom put a spotlight on Ahmedabad, calling it one of the emerging technology hubs. This story from the latest Forbes India issue looks at Ahmedabad's transformation into its latest title.
3) The root cause