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Ad Club chief vows to improve prospects
Haripriya Srinivasan
MUMBAI, July 5: After coming into his own nearly 13 years ago in 1983, for
Ramesh Narayan, the newly appointed President of the Advertising Club,
Mumbai, this is only the beginning. Narayan, who is also the managing
director of Canco Advertising Pvt Ltd, has firmed up big plans for Ad
Club.
The new Ad Club chief's plans include bridging the gap of knowledge at the
entry level of aspiring ad professionals about the industry, by conducting
seminars, workshops aimed to promote awareness. About the massive
retrenchments carried out by agencies over the past two years, Narayan told
`The Indian Express': ``I'm keen on extending support to unemployed ad
professionals who are the unfortunate victims of the general slowdown in the
economy for no fault of theirs.''
Regarding the recessionary situation in the ad industry, he said ``While
1995-96, was an exceptional year, 1996-97 was exceptionally poor. No
benchmark ought to be done on two years which were alternately a crest and a
trough. The bad economy merely reflected itself in various sectors.''
Candidly observing that the Finance Minister did not have anything to smile
about for the ad industry in his budget, he quips that ``nothing has been
done about the imposition of the 5 per cent service tax, the ad industry
cannot act as tax collectors to the nation.''
He points out that the advertising fraternity has repeatedly appealed to the
Finance Ministry in vain. ``The Ad Club can only highlight the problems and
provide a platform for debate.''
Dismissing the growing trend of joint ventures in the Indian advertising
scenario as natural, he admits that the phenomenon would adversely affect
the smaller agencies. ``Smaller agencies who have no niche, if they are not
creative hot shops or media buying firms, will find it difficult to
survive.''
However, joint ventures are definitely not on Narayan's personal agenda.
``I'am not in favour of importing talent but would not mind exporting it,''
he said, adding, ``It helps to be a wholly Indian, medium-sized, creative ad
agency.''
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