Template-type: ReDIF-Paper 1.0
Author-Name: Kumar, Nagesh
Author-Email: nkumar@ris.org.in
Author-Workplace-Name: Research and Information Systems
Author-Name: Chadha, Alka
Author-Email: alkachadha@gmail.com
Author-Workplace-Name: Department of South Asian Studies, National University
	 of Singapore
Title: India's Outward Foreign Direct Investments in Steel Industry in a Chinese 
	 Comparative Perspective
Abstract: Indian and Chinese enterprises have emerged as important outward 
	 investors in recent times with their involvement in a number of 
	 prominent Greenfield investments and acquisitions. The theory of 
	 international business posits that the ownership of some unique 
	 advantages having a revenue generating potential abroad combined with 
	 the presence of internalization and locational advantages leads to 
	 outward FDI. Conventional MNEs based in the industrialized countries 
	 have grown on the strength of ownership advantages derived from 
	 innovatory activity that is largely concentrated in these countries. It 
	 examines the case of steel industry that has become an important sector 
	 of overseas activity for Chinese and Indian companies with a string of 
	 major acquisitions of foreign MNEs for acquiring footprints and natural 
	 resources in order to identify the sources of ownership advantages and 
	 strategies of outward investments from emerging countries. 
Classification-JEL: O1, L61 
Keywords: FDI outflows, steel, India
Series: UNU-MERIT Working Papers
Creation-Date: 2008
Number: 053
File-URL: http://www.merit.unu.edu/publications/wppdf/2008/wp2008-053.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2008053