Transnationalization of Indian Pharmaceutical SMEs

Voorkant
Bookwell Publisher, 2008 - 146 pagina's

Indian pharmaceutical small and medium enterprises (SMEs) were traditionally less transnationalized as compared to their large counterparts. National market was their primary focus and their cost-based competitive strategies were sufficient in providing them a sustainable growth within the protective domestic environment created by strong policy interventions. With large scale liberalization measures since 1990s these SMEs are now required to face a globalized competition and are force to transnationalize their business operations to survive. Given the significance of pharmaceutical SMEs in terms of production units, drug production, workers and health security, the issue of transnationalization of these SMEs is of paramount policy relevance.

This book critically analyzes the ways in which Indian pharmaceutical SMEs can integrate themselves into the global markets with special focus on the entry strategy of exporting and outward foreign direct investment (OFDI). The transnationalization behaviours of pharmaceutical SMEs has been analyzed from the perspectives of firm-specific factors such as technologies, scale, learning, skills, etc and the overall policy environment. Apart from undertaking pioneering attempt in estimating the size of SME sector in Indian pharmaceutical industry and adopting improved methodology to the analysis of SMEs’ export behaviour, this book has contributed significantly in the understanding of Indian pharmaceutical SMEs’ export behaviour through case study approach. It has successfully brought out various lessons that Indian pharmaceutical SMEs are required to be aware when transnationalizing their businesses.

In general pharmaceutical SMEs seem to have a great potential for transnationalization through exports and outward FDI but constrained due to limited financial, technological capabilities and inadequate policy support. After critically evaluating the existing policy framework for the pharmaceutical SMEs, the book advocates urgent need for provision of sufficient low cost finance, strengthening access to national research laboratories, discriminatory incentive rates for SMEs vis-à-vis large firms, promoting pharmaceutical SME cluster and continuous training programmes in transnationalization. 

 

Geselecteerde pagina's

Inhoudsopgave

Definition Database and Performance
19
Transnationalization through Export
45
Export Performance of Selected
75
Transnationalization through Cross
93
Defining Government Role
111
Conclusions and Policy Implications
135
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Over de auteur (2008)

Dr. Jaya Prakash Pradhan is an Associate Professor in the Centre for Studies in Economics & Planning, School of Social Sciences, Central University of Gujarat. He received the M.A. (1999) degree in economics from University of Hyderabad and both the M.Phil. (2001) and Ph.D. (2005) degrees from Jawaharlal Nehru University, New Delhi. 

Dr. Pradhan has a long experience of researching in the areas of internationalization of Indian firms and industries, foreign direct investment, research & development, and trade. Previously, he has served on faculties of leading academic institutions in India including the Central University of Karnataka (Gulbarga), Sardar Patel Institute of Economic & Social Research (Ahmedabad), Institute for Studies in Industrial Development (New Delhi), Gujarat Institute of Development Research (Ahmadabad), and worked as a consultant to the Research and Information System for Developing Countries (New Delhi). He has been involved in research studies for the United Nations Conference on Trade and Development (UNCTAD), Geneva; the Department of Scientific and Industrial Research under the Ministry of Science and Technology (Government of India); and the Indian Council for Social Science Research under the Ministry of Human Resource Development (Government of India).

He is the authour of Indian Multinationals in the World Economy: Implications for Development (Bookwell Publisher, New Delhi, 2008); co-editor of The Rise of Indian Multinationals: Perspectives on Indian Outward Foreign Direct Investment (Palgrave Macmillan, New York, 2010) and Industrialization, Economic Reforms and Regional Development: Essays in Honour of Professor Ashok Mathur (Shipra Publication, New Delhi, 2005); and co-authour of Transnationalization of Indian Pharmaceutical SMEs, (Bookwell Publisher, New Delhi, 2008).  

He has guest edited the special issue of Transnational Corporations Review on ‘FDI and Development in India’ (2011), guest co-edited the special issue of Economics, Management, & Financial Markets on ‘Rise of Emerging Economies’ (2011), and the  special issue of International Journal of Emerging Markets on ‘Emerging Multinationals: Home and Host Country Determinants and Outcomes’ (2010).  

Published over forty-five research papers including peer reviewed international journals like Innovation & Development, Science, Technology & Society, Oxford Development Studies, Transnational Corporations, International Journal of Institutions & Economies, Economia e Politica Industriale, Organizations & Markets in Emerging Economies, Transnational Corporations Review, International Journal of Technology & Globalisation, Harvard Asia Quarterly, Revista Economía: Teoría y Práctica, Journal of Asian Business, Singapore Economic Review, Journal of International Commerce, Economics & Policy, Eurasian Journal of Business & Economics and South Asia Economic Journal. His current research focuses on issues concerning regional developments in India and internationalization of India’s knowledge-based industries. His teaching interests include international business, industrial economics, microeconomics, and econometrics.         

Dr. Partha Pratim Sahu is an Associate Professor in the Gujarat Institute of Development Research, Ahmedabad. His research interests include issues related to industry, labour and employment. 

He is associated with various research studies sponsored by the South Asia Network of Economic Research Institutes (SANEI), ILO-SRO New Delhi, Department of Scientific and Industrial Research (DSIR), National Commission on Enterprises in the Unorganized Sector (NCEUS), Massey University-New Zealand, Stockholm School of Economics - National Institute of Working Life, Sweden, Indian Council of Social Science Research (ICSSR), V.V. Giri National Labour Institute (V V G NLI) and so on.

Dr. Sahu’s research works appeared in the referred international and national journals, i.e. International Journal of Occupational and Environmental Health, Economic and Political Weekly, The Indian Journal of Labour Economics, Indian Journal of Agricultural Economics, SARVEKSHANA, Agricultural Situation in India. His Ph.D. thesis is titled “Technological Constraints of Small Scale Industry in India: A Study of Rural-Urban Contrasts”.

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