06-27-2010, 03:56 AM
Indian companies have been investing abroad for decades, though the pace of foreign investments has accelerated significantly since 1991, and especially in the 2000s. This development is a result of several factors, including Indian companiesââ¬â¢ ability to arbitrage their cost advantages, access to a large talent pool, success at home ââ¬â in a huge domestic market with cut-throat competition, reasonably well-developed institutions (compared to many other emerging markets), business acumen arising from an entrepreneurial tradition, business sophistication, financial market sophistication, production efficiency, a long exposure to Western and Japanese multinationals and their management practices, and Government of Indiaââ¬â¢s progressive relaxation of foreign investment rules. http://india-us.site-ym.com/resource/res...4.2010.pdf