ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Venturing Abroad

Venturing Abroad AS at the end of June last, 228 Indian joint ventures were 'actively operating' in some 40 countries. A study by the Federation of Indian Chambers of Commerce and Industry (FICCI), from which this figure is taken, claims that "the joint projects not only help to build up the industrial image of India but, through their successful operation, demonstrate effectively the quality of Indian products and services". The same FICCI study also admits that actually a larger number of joint projects, 245 to be precise, could not be implemented or had to be abandoned, some even after they had gone into production. By the same reckoning, these cannot have done much good to the image of Indian industry and industrialists. However, the FICCI study claims, and it is very likely right here, that the cases of failure or joint projects are far fewer now than in the past Another change discernible in regard to Indian joint ventures abroad is the rise in the average size of investment by the Indian party. Thus the total Indian investment in 134 completed projects in production was Rs 46.4 crore (average per project Rs 34.6 lakh), whereas in 94 projects under implementation it was Rs 74 crore (average per project Rs 79 lakh). The rise was not due to any increase in the extent of Indian participation in the projects

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