Focus

Technologically active firms have created a niche market for themselves with cost-and/or product-specific advantages. Some of these firms are based on industries which have large FDI presence in India and have faced severe competition in the domestic market. The emergence of these firms in the global market could be explained by their own technological search efforts and/or spillover effects. The R&D carried out by the firms in collaboration with multinationals may help maximize exports. The increasing trend in mergers and acquisitions (M&A) activities could also have serious implications for global competitiveness of Indian industries. Further, there could be industry, firm as well as local specific advantage for firms to emerge globally competitive in a more liberal world trade regime. These factors motivated us to invite papers in the theme of innovation and global competitiveness in the Indian industries context.