ABSTRACT
This chapter discusses the features of the "new" Indian global firm (NIGF). It presents the framework of entrepreneurial globalization and the challenges and opportunities highlighted by the NIGFs for foreign investors. Since the 1980s, the academic framework explaining the rise of multinational corporations from emerging economies has been based on the literature on Third World multinationals. Government policies since independence were largely responsible for the state of affairs. The main policy changes were directed at opening up the economy to foreign direct investment and imports, thus ditching a model of import restrictions, industry protection, and autarchy. An entrepreneurial orientation is best seen as one driven by the desire to capitalize on opportunities without being constrained by the resources owned. An important way in which entrepreneurs compete against incumbents is by creatively disaggregating the value chain, redefining the way value activities are executed, and reconfiguring the activities to leverage the entrepreneur’s competences.
