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Internationalization of Indian multinational enterprises - motivations, strategies and regulation from the experience of Indian investments - a focus on Europe

Author

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  • Tamas Gerocs

    (Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences)

Abstract

This paper makes a critical assessment of Indian companies’ internationalization experience. It introduces a new theoretical framework in order to go beyond classical notion based on western companies’ global aspirations. Besides the theoretical modifications the paper provides an empirical collection about those successful Indian internationalization projects that sought to enter the European market. The question to be answered here is whether Indian firms are able to compete out dominant western companies in an increasingly multipolar world economy in the future. By applying the modified method on the question of internationalization from developing companies’ point of view, the aim of the paper is to detect future world economic trends to which Indian companies will need to accommodate themselves.

Suggested Citation

  • Tamas Gerocs, 2017. "Internationalization of Indian multinational enterprises - motivations, strategies and regulation from the experience of Indian investments - a focus on Europe," IWE Working Papers 234, Institute for World Economics - Centre for Economic and Regional Studies.
  • Handle: RePEc:iwe:workpr:234
    as

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    File URL: https://vgi.krtk.hu/publikacio/no-234-2017-10/
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    References listed on IDEAS

    as
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    3. Jaya Prakash Pradhan, 2011. "Emerging Multinationals: A Comparison of Chinese and Indian Outward Foreign Direct Investment," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 3(1), pages 113-148, April.
    4. Amar K. J. R. Nayak, 2011. "Growth of Indian Multinationals," Palgrave Macmillan Books, in: Indian Multinationals, chapter 4, pages 49-91, Palgrave Macmillan.
    5. Amar K. J. R. Nayak, 2008. "Multinationals in India," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-22738-5, December.
    6. Prema-chandra Athukorala & C. Veeramani, 2017. "Internationalization of Indian Enterprises: Patterns, Determinants, and Policy Issues," Asian Economic Papers, MIT Press, vol. 16(1), pages 142-166, Winter/Sp.
    7. Françoise Hay & Christian Milelli, 2011. "Chinese and Indian Firms in Europe: Main Characteristics and Presumed Impacts," Palgrave Macmillan Books, in: Louis Brennan (ed.), The Emergence of Southern Multinationals, chapter 9, pages 151-164, Palgrave Macmillan.
    8. Bano , Sayeeda & Tabbada, Jose, 2015. "Foreign Direct Investment Outflows : Asian Developing Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 30(2), pages 359-398.
    9. John H Dunning, 1988. "The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 19(1), pages 1-31, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    FDI; Indian multinationals; multipolar world-system; investment development path; developing countries;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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