China in the form of government support, low
cost of land, good infrastructure, cheap capital
and highly productive labor and are beginning
to produce competitive products at times even
in collaboration with Chinese competitors.
are thus able to export their products into
their own markets of Europe, North America
and even South East Asia.
Center for Monitoring the Indian Economy in
its recent report has indicated that the investment
abroad of Indian companies in 2003 were of
the order over a billion Dollars and that
there were over 75 mergers and acquisitions
by Indian companies, an increase of over a100%
Indian companies need to learn this strategy
as the slow ‘Indian Elephant’
moves to take on the might of the ‘Chinese
Dragon’ in the global business arena.
author Dr. Hiru Bijlani is the Managing Director
of Zenith Global Consultants Ltd., and the
author of ‘Globalization -an Overview’,
‘A Guide to Global Joint Venture and
Alliances’, both published by Heinemann
Asia Singapore and ‘Tip and Tales for
travellers’ and ‘Succeed in Business
India’, by Times Publishing Singapore.
The last book having been translated to Chinese
and published in China recently.