ABSTRACT
This chapter examines the origins of MBT in India both in terms of epistemological and commercial initiatives. The chapter illustrates how the Indian state played a significant role in enabling private capital accumulation by prioritising the objective of economic growth right from the early days of MBT initiatives in the country. The chapter, through seven case studies of first-of-their-kind MBT commercial initiatives in the public sector, public-private partnership, and private sector delineates the neoliberal role of the Indian state for which private capital accumulation overrides the larger public good.
