Indian enterprises in the late 20th Century absorbed technologies and know-how from other developed countries. Indian global enterprises represent a fusion of Russian (defense), American (petrochemicals), European (pharma), and global enterprise contracts (cyber). Indian enterprises have also gained global competencies with domestic strongholds in retail (Zara, Reliance) and agriculture. Successful Indian enterprises have enabled domestic and international policies.
The dynamic enterprises in the early 21st Century have a unique opportunity. Growth in the domestic Indian economy is concurrent with growth in the entire east and southern Asian populations and economies. The enterprises of dynamic India have unprecedented opportunities.
A goal of successive Indian governments has been to build domestic capabilities and capacities to build export quality enterprises. Over decades many tactics have been attempted including protectionist tactics, intellectual property policies, and financial requirements. 21st Century industries selected include semiconductors, electric vehicles, and energy. Connections with leading global enterprises are sought to provide technology, entry into global markets, and reciprocal or advantaged Indian market access.
Indian enterprises are building connections on strengths from growth and sophistication. Global enterprises developed technology development labs (IBM, HPE, MBRDI, others). These labs provide high level contacts, global enterprise management experience, and continuing funding flows for Indian talent. Direct opportunities to build Indian operations has led to global enterprises deploying technology leadership functions there. Indian enterprises are building from talent to global technology leadership.
Global enterprise connections bring exposures from outside India. Connections bring work cultures, talent development paths, enterprise cultures for interpersonal relationships, and widespread interactions with non-Indian staff. Participation in global enterprise connections shapes attitudes, talent, and opportunities.
Challenges for Indian enterprises are common with other global enterprises. Other challenges are unique to Indian enterprises. Diverse linguistic and cultural talent pools, continent-wide geographic distribution of facilities, and market-distant logistics are common challenges. Indian specific challenges stem from its relatively recent national emergence, developing financial and monetary infrastructure, and local social/religious legacies. The connections with global enterprises provide alternate social and cultural paths to legacy paths.
The advantage of global connections for Indian enterprises outweighs the challenges. Dynamic India has a unique opportunity to advantage India using these connections.
Our next post in the Dynamic India series is – Ties to the Old Country
You can read that and other posts in the Dynamic India series at www.ekalore.com/india-business
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