The modern approach of Indian pharmaceutical multinationals in world market: Indian as a centre of excellence

Abstract

Abstract in last decade a host of new multinational enterprises have risen from developing countries such as India and China. These new MNEs are dominating global economy and challenging exiting paradigms of international business literature. In this context this paper tries to explore whether internationalization of firms from developing countries can be explained in terms of mainstream theories derived mainly from studies of Western multinational corporations or do these cases present new insights in the explanations that have been offered for latecomer multinationals.