The expansion of multinational companies from emerging markets represents a new and very dynamic dimension of the world economy. Indian corporations actively contributed to this trend. Since the liberalisation process started in the 1990s, a growing number of firms have been able to acquire frontier technologies from Western MNCs, often through innovation-oriented joint ventures and alliances, and in a subsequent stage to grow internationally, building multinational networks. This paper sheds light on the emergence of Indian multinationals in the automotive and in the pharmaceutical sectors, in relation to inward and outward FDI and the acquisition of technology.
Indian multinationals in the automotive and the pharmaceutical sectors: competitive advantages and strategies
BALCET, Giovanni;
2009-01-01
Abstract
The expansion of multinational companies from emerging markets represents a new and very dynamic dimension of the world economy. Indian corporations actively contributed to this trend. Since the liberalisation process started in the 1990s, a growing number of firms have been able to acquire frontier technologies from Western MNCs, often through innovation-oriented joint ventures and alliances, and in a subsequent stage to grow internationally, building multinational networks. This paper sheds light on the emergence of Indian multinationals in the automotive and in the pharmaceutical sectors, in relation to inward and outward FDI and the acquisition of technology.
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