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Evolving Global Innovation Networks of Indian Pharmaceutical Companies

Chapter in book
Authors Peter Kedron
Sharmistha Bagchi-Sen
Published in McKelvey, M. and Bagchi-Sen, S. (2015). Innovation Spaces in Asia: Entrepreneurs, Multinational Enterprises and Policy
Pages 189-207
ISBN 9781783475674
Publisher Edward Elgar Publishers
Place of publication Cheltenham, U.K.
Publication year 2015
Published at Department of Economy and Society, Innovation and Entrepreneurship (IIE)
Pages 189-207
Language en
Keywords pharmacueticals, India, global value chain, multinational enterprises
Subject categories Business Administration, Economic Geography, Technology and social change

Abstract

This chapter examines how Indian pharmaceutical companies are expanding their innovation spaces through a variety of strategies such as partnerships and acquisitions. In doing so, the ongoing evolution of emerging market multinationals from India in the pharmaceutical industry is analyzed, with an analysis of the impact of these multinationals on patterns of outward foreign direct investment into advanced economies. These firms target high technology and advanced economies early on, and also when no conventional firm-specific advantages are identified. An important context is the global value chain in the pharmaceutical industry, and the positions of Indian firms. The chapter provides data and insights about the evolution of the firm-specific advantages of leading Indian pharmaceutical in relation to the historic context of Indian industrial development, as well as the development over time as the leading Indian pharmaceutical companies overcome barriers to entry.

Page Manager: Webmaster|Last update: 9/11/2012
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