Survey on Foreign Collaboration in Indian Industry: 2021–2023

Shivam Madrewar; Snehal Sathe; Mahesh Pawar; Shlok Dongare; Neha Shinde; Atharv Gumphekar

doi:10.59890/ijaeam.v3i1.250

Authors

Shivam Madrewar RCSM College of Agriculture, Kolhapur
Snehal Sathe Mahatma Phule Krushi Vidyapeeth, Rahuri
Mahesh Pawar RCSM College of Agriculture, Kolhapur
Shlok Dongare RCSM College of Agriculture, Kolhapur
Neha Shinde Shivaji University, Kolhapur
Atharv Gumphekar RCSM College of Agriculture, Kolhapur

DOI:

https://doi.org/10.59890/ijaeam.v3i1.250

Keywords:

Foreign Technical Collaborations, Indian Industry, Manufacturing Sector, Technology Transfer, Production Growth

Abstract

This study examines the landscape of foreign technical collaborations (FTCs) in Indian industry during the financial years 2021–2023. Drawing on data from the Reserve Bank of India's biennial survey, the analysis highlights the predominance of the manufacturing sector, accounting for 78% of FTCs, with significant contributions from machinery, transport equipment, and chemical products. Japan, the USA, and Germany emerge as the leading sources of technology transfer. The study also explores the nature of technology transfers, payment modalities, and the impact on production growth, particularly in the motor vehicles sector. The findings provide insights into the dynamics of foreign collaborations and their implications for India's industrial growth

References

Aggarwal, A. (2021). Technology Transfer through FDI in India: Mode, Extent and Prospects. Transnational Corporations Review, 13(1), 1-15.

Basant, R., & Mani, S. (2022). Foreign R&D Centres in India: An Analysis of their Size, Structure and Implications. Journal of Industrial and Business Economics, 49(3), 321-340..

Chakraborty, C., & Nunnenkamp, P. (2022). Economic Reforms, FDI, and Economic Growth in India: A Sector Level Analysis. World Development, 152, 105792.

Gupta, R., Verma, P., & Sharma, S. (2022). Technology Transfer through Foreign Collaborations: Insights from Indian Industry. Journal of Industrial Studies, 45(2), 134–150.

Kumar, N., & Siddharthan, N. S. (2021). Technology Transfer, FDI and the Restructuring of R&D in Indian Industry. Economic and Political Weekly, 56(5), 45-53.

Madrewar, S. S., Dhinwa, S., Pawar, M. S., Das, D., & Raut, P. R. (2024). Enhancing agricultural market transparency in India: The role of IoT technology. International Journal of Integrative Research (IJIR), 2(9), 761-774. https://doi.org/10.59890/ddq0q431E

Madrewar, S. S., Dhinwa, S., Sah, S., Bhosale, V. S., & Gumphekar, A. M. (2024). Evaluating climate-smart agriculture: Effects on productivity, sustainability, and farmer resilience in India. International Journal of Integrative Research (IJIR), 2(9), 741-760. https://doi.org/10.59890/z3net383E

Madrewar, S. S., Dhinwa, S., Khadkikar, N. R., Shaikh, S. P., Bhoite, A. V., & Shinde, S. B. (2024). The impact of zero carbon emission farming on sustainable agricultural development in India: Challenges and opportunities. International Journal of Applied and Advanced Multidisciplinary Research (IJAAMR), 2(7), 555-568. https://doi.org/10.59890/ijaamr.v2i7.2420

Madrewar, S. S., Khadkikar, N. R., Suryawanshi, O. V., Mulani, J. S., & Sagar, A. R. (2024). Digital agriculture: Impact of IoT and AI on Indian agribusiness. International Journal of Applied Economics, Accounting and Management (IJAEAM), 2(4), 327-350. https://doi.org/10.59890/ijaeam.v2i4.2346

Madrewar, S. S., Khadkikar, N. R., Katkar, R. C., Suryawanshi, O. V., & Kapare, S. S. (2024). Climate change and the future of Indian organic agriculture in international trade. International Journal of Applied Economics, Accounting and Management (IJAEAM), 2(4), 309-326. https://doi.org/10.59890/ijaeam.v2i4.2331

Madrewar, S. S., Dhinwa, S., Gumphekar, A. M., Tavhare, P. B., Suryawanshi, O. V., & Sagar, A. R. (2024). Revolution for digitalization of agriculture in India: A comprehensive study. International Journal of Global Sustainable Research (IJGSR), 2(7), 395-414. https://doi.org/10.59890/ijgsr.v2i7.2521

Madrewar, S. S., Shrishty, A., Sathe, S. N., Tavhare, P. B., Suryawanshi, O. V., & Kulkarni, B. B. (2024). Climate change and Indian grapes: Analyzing the economic impact on export-dependent agriculture (2022-2023). International Journal of Applied Economics, Accounting and Management (IJAEAM), 2(4), 295-306. https://doi.org/10.59890/ijaeam.v2i4.2324

Mishra, P., & Jain, A. (2023). Sectoral Disparities in Foreign Collaborations in India: Challenges and Opportunities. Economic Perspectives, 67(4), 211–225.

Narayanan, K., & Bhat, S. (2021). Impact of Foreign Direct Investment on Innovation in Indian Manufacturing Firms: An Empirical Analysis. Innovation and Development, 11(2-3), 215-233.

Patnaik, I., & Shah, A. (2021). FDI and Productivity: Evidence from Indian Manufacturing. Journal of Asian Economics, 73, 101257.

Reserve Bank of India. (2023). Survey on Foreign Collaboration in Indian Industry: 2021–2023. Retrieved from https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=56660.

Sahu, P., & Solarin, S. A. (2022). The Impact of Foreign Direct Investment on Industrial Productivity in India: Evidence from Cointegration and Causality Analysis. Economic Change and Restructuring, 55(2), 123-145.

Sharma, A., & Kumar, D. (2021). Role of Foreign Collaborations in India's Manufacturing Growth. Indian Economic Review, 56(3), 89–110.

Singh, K., & Bhardwaj, N. (2022). Royalty-Based Technology Transfer Models in Indian Industries. Journal of Business and Economics, 28(1), 76–94.

Singh, L., & Ghosh, S. (2022). Determinants of Technology Transfer in Indian Manufacturing Industries: The Role of FDI and Trade. Asian Journal of Technology Innovation, 30(1), 67-88.