Business model innovation for inclusive development: case studies of infrastructure development in India

There has been a growing recognition of the challenges of inclusive development in developing economies. However, very few studies have looked at the business model innovation of domestic companies under different resource constraints. In this study, we examined the business model innovation of private firms engaged in the inclusive development of public infrastructure development facilitates. By analysing two case studies on public infrastructure in India as the empirical context of this study, we highlight areas where private firms can introduce innovation into their business models. We extend the current business value creation and exploitation model in private firms to include an active interface between private firms and public organisations. Thus, we expand the literature on business model innovation in developing countries. While these innovations generate profits for private firms, they do not undermine the overall benefit generated in the country due to the adoption of world-class public infrastructure for inclusive development.