When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

There must be an opportunity that matches with our strategy. Just because we have a gap, we don't want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations.

Corporate governance should be done more through principles than rules.

We find it much better not to try and take the Godrej brand across, but use very strong brands we have acquired in different geographies and push them.