Documentos de Académico
Documentos de Profesional
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A N D R E G U L AT O RY
ENVIRONMENT IN
INDIA
Technological
Ø Environment
Technological in
environment in India should
be favorable to quality improvement, cost
reduction, & introduction to new products
In market. It should also lead to Industrial
development with global competitiveness.
Ø In India, the government has setup large
number of R & D Activities, space research
centers etc. for introduction of new
technology in different areas.
Ø For a long period of time, technological
environment was not favorable for introduction
of updated technology ion manufacturing
activities.
Ø Funds & Import Policies were not freely
provided for import of updated foreign
technology.
Ø Foreign collaboration & joint ventures were also
not freely allowed. The scope given to MNC’s
were limited.
Ø Research & development activities were not
given encouragement through special
facilities/concessions.
Ø This suggests that technological environment
was not favorable to industrial growth till the
beginning of economic reforms and
globalization by 1980’s.
Ø Now, the technological environment has changed
considerably along with liberalization and
globalization of Indian Economy.
Ø The need of updated technology in Indian
industries was accepted for cost reduction, quality
improvement and raising competitiveness of
Indian goods in domestic & foreign markets.
Ø Foreign exchange and liberal imports are now
allowed for the introduction of new technologies
in Indian industries.
Ø The expansion of infrastructure facilities in regard
to transport , communication, electricity etc also
encourages the application of modern technology
to industries.
Features of Current
Technological
2) Importance of Upgrading Technological
Environment is Accepted.