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The Globalisation of Indian Business: Cross-border Mergers and Acquisitions in Indian Manufacturing - Custom Links...

The Globalisation of Indian Business: Cross-border Mergers and Acquisitions in Indian Manufacturing

Author: Beena Saraswathy

Publishers: Routledge, UK

Hard Bound Book: Pages: 180

2017 Edition

ISBN (Hardcover): 978-93-327-0144-1

ISBN (eBook) : 978-13-151-8363-3

ABOUT THE BOOK

Consolidation activities such as mergers and acquisitions (M&As) have been one of the major strategies adopted by Indian firms to withstand global competition. M&As experienced a substantial increase in value and volume during the post-liberalization era, facilitated by the presence of foreign subsidiaries in the Indian market as well as competitive pressure on domestic firms. The increased foreign investment through M&As brought new dimensions to the fore such as the implications on technological performance, efficiency, and more importantly, competition in the Indian market.

The Globalisation of Indian Business: Cross Border Mergers and Acquisitions in Indian Manufacturing provides an in-depth analysis of these issues, specifically aiming to understand whether the M&As strategies helped the firms to achieve their desired objectives in terms of improvement in technology, efficiency and market power in the context of the increase of M&As in India, using appropriate statistical and econometric techniques.

The book is of additional importance in the context of the recently implemented Competition Act, replacing the thirty year old MRTP Act in India. The new Act aims to maintain competition and protect consumers’ interests without harming that of the producers’. Based on the analysis, broadly, the study cautions the regulators to rethink the efficiency defence argument and become more vigilant on the creation of monopolies. On the other side, it suggests firms should reconsider their post-merger integration strategy since consolidation has not led to a sustainable increase in market share of the surviving firms.

ABOUT THE AUTHOR

Beena Saraswathy is Assistant Professor at the Institute for Studies in Industrial Development (ISID), New Delhi. She has completed MPhil in Applied Economics and Doctoral Degree in Economics from Centre for Development Studies, Thiruvananthapuram, Kerala (Jawaharlal Nehru University, New Delhi). Before joining ISID, she had been working with Indian Council for Research on International Economic Relations (ICRIER) and Competition Commission of India (CCI) under the Ministry of Corporate Affairs (MCA), Government of India (GOI). Her research interests include market competition, mergers and acquisitions, the pharmaceutical industry, business groups in India and contemporary development issues.

 

CONTENTS

I. Introduction

II. Concepts, Evolution and Policy Points

III. Cross-border Deals: Extent, Nature and Structure

IV. M&As and Technological Performance

V. Production Efficiency of Firms with Mergers and Acquisitions

VI. Mergers, Competition and Concentration

VII. The Post Merger Integration: Some Ignored Dimensions

VIII. Conclusions and Policy Implications

Political Economy of Mining in India

Political Economy of Mining in India - Custom Links...

Political Economy of Mining in India

 

Author:??Nilmadhab Mohanty
Publishers:??Har-Anand Publications Pvt. Ltd.
Hard Bound Book: Pages: 260 Rupees: 695
2017 Edition ISBN: 978-81-241-2003-3

ABOUT THE BOOK

India is considered a major mining country, but in terms of the availability and distribution of minerals, exploration of mineral reserves and production of mineral commodities, there are issues that have been shaped by its geography, politics, governance style and business behaviour which need careful analysis.

 

Many minerals remain unexplored. The production-pattern is skewed with significant production being in the areas of surface or bulk minerals while many important and critical minerals have no perceptible presence in the country???s production-basket. The country produces more than 80 minerals, but in none of these commodities is it the number one producer in the world. It has not yet created any world-class mining company. Good governance and responsible industry behaviour are critical pre-conditions for achieving successful and sustainable mineral development in any country.

 

The book, in that context, examines the political economy in which mining operates in India. The governance system comprising the laws and regulations on mining and environment are discussed along with the institutional arrangements for their implementation, monitoring and (judicial) review. The way in which the laws work and industry behaviour are also discussed.

 

The book concludes with a set of proposals for reform.

ABOUT THE AUTHOR

Nilmadhab Mohanty??was educated at the Ravenshaw College, Cuttack and the Allahabad University in India and the University of Wisconsin, Madison, USA. He has been a career civil servant and worked for the state (Odisha) and federal governments in India and the Government of Papua New Guinea (PNG) in the South Pacific. He ended his national civil service career as the Permanent Secretary, Ministry of Industry, Government of India when he was also the chair of the country???s Foreign Investment Promotion Board (FIPB). He then worked for about a decade in top management positions of the Vienna-based United Nations specialized agency, UNIDO (United Nations Industrial Development Organisation), first as its Managing Director and then as the Principal Adviser to the organization???s Director General. He is now with the policy-think tank, the Institute for Studies in Industrial Development (ISID), New Delhi, as Honorary Senior Fellow.

CONTENTS

  1. Indian Mining Industry in the Global Context
  2. Legal Regime and the Role of Government
  3. Environment Policy, Law and Sustainable Development Framework
  4. How the Laws work
  5. Judicial Activism and Mining
  6. Industry Behaviour
  7. Hopes for the Future

Access to Medicines in India

Access to Medicines in India - Custom Links...

Access to Medicines in India

Author(s): Sakthivel Selvara, Dinesh Abrol, K.M. Gopakumar

Publishers: Academic Foundation

Hard Bound Book: Pages: 260
2014 Edition ISBN: 978-93-327-0144-1

ABOUT THE BOOK

This book discusses in great detail the critical barriers to access to medicines in India despite country ascending towards the role of ???Pharmacy of the global south???, it highlights several themes, considered as impediments to access to medicines while at the same time proposing viable policy options. Some of these themes include inadequate investment in public health care, inefficient and unreliable procurement and distribution of drugs, unaffordable drug prices and pharmaceutical patents. The book calls for scaling up investment and to replicate the success of a ???centralized procurement and decentralized distribution??? model of drug, as in the state of Tamil Nadu, which will pave the way for universal access to essential medicines in India.

ABOUT THE AUTHOR(S)

Sakthivel Selvaraj??is with Public Health Foundation of India (PHFI), New Delhi, as a senior Health Economist. He is currently engaged in teaching and research in the area of health care financing and pharmaceutical economics.

Dinesh Abrol??is professor in the Institute for Studies in Industrial Development (ISID), New Delhi and Visiting Professor in the Centre for Studies in Science Policy, Jawaharlal Nehru University, New Delhi. His research work focuses on the study of S&T policy, intellectual property rights, systems of innovation and industrial development.

K.M. Gopakumar??is the Legal Advisor and Senior Researcher with the Third World Network (TWN), New Delhi. His area of focus is the global intellectual property regime and its impact on developing countries.

 

CONTENTS

  1. The Indian Health System: Current Trends and Patterns
  2. Economics Barriers to Access to Medicine in India
  3. The Price Barriers to access the Medicines
  4. Recent Performance of the Indian Pharmaceutical Industry
  5. Patent and Access to Medicine: Constraints for the Use of Flexibilities
  6. Rational use of medicines in India
  7. Recent trends in India???s Pharmaceutical Innovation
  8. Assess to Essential Vaccines in India
  9. Pharmaceutical Regulation in India
  10. Conclusion and Future Policy Directions
  11. Post Script

India’s Policy Milieu: Economic Development, Planning and Industry

India’s Policy Milieu: Economic Development, Planning and Industry - Custom Links...

Small and Medium Enterprises in India

Infirmities and Asymmetries in Industrial Clusters

Author:??Satyaki Roy
Publishers:??Routledge
Hard Bound Book: Pages: xxii+186
2013 Edition ISBN: 978-0-415-64264-4

ABOUT THE BOOK

Small and medium enterprises (SME) have attracted increasing interest in the last few years, and industrialization is no longer seen as a linear way of development. This book analyzes how SME clusters emerge in a developing economy. Using India as a case study, it addresses one central question: If growth has largely failed to be inclusive so far, and if employing a work force in increasing returns activities through a different trajectory of industrialization is largely dependent upon industrial clusters of small and medium sized firms, then what are the structural infirmities and asymmetries that need to be taken into account in the context of framing policies related to industrial clusters?

The book identifies the structural infirmities in industrial clusters in India, which could be typical to any of the developing countries and sharply in contrast to European success stories. Blending theory and empirical material, it provides a middle ground between the two extremes of a uniform policy assuming ???one size fits all???, and a specific policy based on individual cases. The book redraws the broad contours where space and production processes mutually constitute each other, giving rise to outcomes somewhat generic to underdevelopment. It is of interest to academics working in the fields of economics, business administration/ management and development economics.

ABOUT THE AUTHOR

Satyaki Roy??Assistant Professor, Institute for Studies in Industrial Development, New Delhi. He did his Masters in Economics from Jadavpur University and Ph.D. from the University of Calcutta. His research interest includes issues related to industrial organization, industrial clusters, technology and employment. He worked on garments, leather, surgical instruments and automobile industry in India. His areas of interest also include issues related to political economy of development. He worked in various projects sponsored by the Planning Commission and the Department of Science and Technology, Government of India; ICSSR, IDE, Japan and IDRC, Canada.

CONTENTS

  1. Introduction
  2. Spatial organization of production: Contesting themes
  3. Shifts in policy: SSI sector to SME cluster
  4. Horizontal Expansion or Fragmentation? A Tale of Artisanal Clusters
  5. Foundries in Howrah: Impediments in Institutions and Organizations
  6. Garments Cluster in NCR: Fluid Labor and Footloose Industry
  7. Tiruppur Knitwear Cluster: Global Links and Local Networks
  8. Export Enclave within a Natural Cluster: Agra a Different Story
  9. FDI in Automobile Sector: Myth of Creation and Diffusion of Knowledge
  10. Dynamics of Size Distribution: Explaining Self-exploitative Fragmentation

Small and Medium Enterprises in India: Infirmities and Asymmetries in Industrial Clusters

Small and Medium Enterprises in India: Infirmities and Asymmetries in Industrial Clusters - Custom Links...

Small and Medium Enterprises in India

Infirmities and Asymmetries in Industrial Clusters

Author:??Satyaki Roy
Publishers:??Routledge
Hard Bound Book: Pages: xxii+186
2013 Edition ISBN: 978-0-415-64264-4

ABOUT THE BOOK

Small and medium enterprises (SME) have attracted increasing interest in the last few years, and industrialization is no longer seen as a linear way of development. This book analyzes how SME clusters emerge in a developing economy. Using India as a case study, it addresses one central question: If growth has largely failed to be inclusive so far, and if employing a work force in increasing returns activities through a different trajectory of industrialization is largely dependent upon industrial clusters of small and medium sized firms, then what are the structural infirmities and asymmetries that need to be taken into account in the context of framing policies related to industrial clusters?

 

The book identifies the structural infirmities in industrial clusters in India, which could be typical to any of the developing countries and sharply in contrast to European success stories. Blending theory and empirical material, it provides a middle ground between the two extremes of a uniform policy assuming ???one size fits all???, and a specific policy based on individual cases. The book redraws the broad contours where space and production processes mutually constitute each other, giving rise to outcomes somewhat generic to underdevelopment. It is of interest to academics working in the fields of economics, business administration/ management and development economics.

ABOUT THE AUTHOR

Satyaki Roy??Assistant Professor, Institute for Studies in Industrial Development, New Delhi. He did his Masters in Economics from Jadavpur University and Ph.D. from the University of Calcutta. His research interest includes issues related to industrial organization, industrial clusters, technology and employment. He worked on garments, leather, surgical instruments and automobile industry in India. His areas of interest also include issues related to political economy of development. He worked in various projects sponsored by the Planning Commission and the Department of Science and Technology, Government of India; ICSSR, IDE, Japan and IDRC, Canada.

CONTENTS

  1. Introduction
  2. Spatial organization of production: Contesting themes
  3. Shifts in policy: SSI sector to SME cluster
  4. Horizontal Expansion or Fragmentation? A Tale of Artisanal Clusters
  5. Foundries in Howrah: Impediments in Institutions and Organizations
  6. Garments Cluster in NCR: Fluid Labor and Footloose Industry
  7. Tiruppur Knitwear Cluster: Global Links and Local Networks
  8. Export Enclave within a Natural Cluster: Agra a Different Story
  9. FDI in Automobile Sector: Myth of Creation and Diffusion of Knowledge
  10. Dynamics of Size Distribution: Explaining Self-exploitative Fragmentation