International-Business-Dr-R-Chandran-E-book

COMPANY
COUNTRY OF
ORIGIN
REFORM PROCESS
KEY FACTORS
FINANCE
HUMAN
RESOURCE
TECHNOLOGY
MATERIAL
3
International Business- Dr. R. Chandran
OVERSEAS
OPERATION
Almost all countries are reforming their economy by LPG i.e. Liberalization,
Privatization and Globalization. Many South East Asian nations, China,
South Korea and a few Latin American countries were quick to introduce the
reform process. India too, injected new vigour in to its economy and
industry by introducing an open door policy, eliminating licenses, replacing
foreign restrictions by other models and in general liberalizing procedures. It
is clear that through reforming process, manufacturers in India are required
to increase the production capacity and divert products to various
destinations. Companies with surplus money should invest in different
countries with motive of getting higher returns on their investment. Every
business house such as Tatas, Birlas, Mittals, Mallayas have begin their
aggressive operations abroad.
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