The Rise of Indian Multinationals : Perspectives on Indian Outward Foreign Direct Investment

The contributors explore the rapid growth of Indian multinationals and provide valuable insights into the patterns and trends of their outward investments and the factors that led to their emergence in the global FDI market. They also look at their continuously evolving strategies in the global economy. Front Matter....Pages i-xxvii Introduction: The Rise of Indian Multinational Enterprises: Revisiting Key Issues....Pages 1-23 In Search of the “Indianness” of Indian Multinational Enterprises: Is There Anything Special about the Indian Path to Outward Foreign Direct Investment?....Pages 25-55 Political Factors Behind the Rise of Indian Multinational Enterprises: An Essay in Political Economy....Pages 57-77 When a Great Industry Globalizes: Indian Conglomerates Pioneering New Trends in Industrial Globalization....Pages 79-110 Acquisition of Technologies and Multinational Enterprise Growth in the Automotive and the Pharmaceutical Industries: Drivers and Strategies....Pages 111-165 Outward Investment by Indian Pharmaceutical and Software Multinational Enterprises: Are the Factors Different?....Pages 167-185 Indian Companies Investing in the United States: An Inquiry into Recent Patterns and Trends....Pages 187-232 The Emergence of Indian Multinationals: An Empirical Study of Motives, Current Status, and Trends of Indian Investment in Germany....Pages 233-253 The Surge in Indian Outbound Foreign Direct Investment to Africa: A New Form of South-South Cooperation?....Pages 255-275 Back Matter....Pages 277-284 "India is growing a set of world class multinationals. These range from Tata's ownership of Jaguar to nimble entrepreneurial firms in high tech and knowledge based businesses. This book is an eye opener to those who still think that globalization is driven solely by Western multinationals: in fact emerging economies like India are now full partners in world economic development."--Alan M Rugman, Henley Business School, University of Reading "This remarkable collections essays by some of the sharpest analysts in the field sheds new light on the emergence of Indian multinational enterprises, a phenomenon of growing relevance for both global business and international political economy."--Mr. Andrea Goldstein, Deputy Director, Heiligendamm L'Aquila Process Support Unit, OECD, France The surge in outward foreign direct investment (FDI) by Indian firms in the past ten to fifteen years raises a host of interesting questions. This edited volume is a valuable resource for all scholars interested in India's emerging multinational enterprises. The contributors explore the rapid growth of Indian multinationals and provide valuable insights into the patterns and trends of their outward investments and the factors that led to their emergence in the global FDI market. They also look at their continuously evolving strategies the in global economy and what the outcome has been for their host country in trade, technology, and employment