ABSTRACT
This chapter starts by exploring some foreign direct investment (FDI) concepts as asymmetrical partnerships. These partnerships are between multinational companies (MNC) based in High Income Countries (HICs) and local firms in low- and middle-income countries (L/MICs). The section following provides evidence for the contention that the Indian vehicle and accessory industry is a success story. The literature is drawn on after that to argue that this success is derived from both developmentalist (industrial policy) and neoliberal (structural reforms) policies.
