Indian State-Owned Multinationals in the Oil & Gas Industry: Prospects and Challenges
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 3
Abstract
Despite The Negative Role Attached To Public Sector Enterprises (Pses) In Emerging Economies, Few Of These Enterprises And With The Help Of Their Home-Country Governments Have Grown To Be Strong And Competitive Multinationals(Mnes). More Than Half Of State-Owned Mnes Headquarters Are In Developing Countries Which Test Various Theories. But At The Same Time State Being Owners Of Companies Being Underestimated The Same Observation Believed To Be Outcome Of Liberalization. Indiabeing Emerging Economy Is A Home To 4% Of These Somnes (State Owned Multinational Enterprises). This Phenomenon Has Captured The Attention In Recent Literature On International Business As The Internationalization Of PublicSector Enterprises Constitutes A Growing Share Of FDI Flows. India Will Overtake Japan To Become The World’s Third Largest Oil Consumer Behind The US And China By 2025. Currently, The Country Meets More Than 80% Of Its Energy Requirements Through Imports. Against The Backdrop Of These Facts The Importance Of The Foreign Investments By Indian Psus (Public Sector Units) Working In The Oil & Gas Industry To Secure The Country’s Energy Requirements Is Greater Than Ever.The Objective Of This Study Is To Explore The Development Path Of Five Indian Multinational Psus Who Have Been The Highest Foreign Investors During The Last Ten Years. Where And Why They Went Abroad? And How They Differ From Other Indian Mncs Operating In The Same Field Are The Questions We Will Attempt To Answer. The Research Methods Primarily Used Are Case Study Methods Through Testing The Theories Of FDI (Foreign Direct Investment) On The Basis Of Descriptive Research Methods.
Authors and Affiliations
Dr. S. Veeramani, Ms . Mariam Jamaleh
Keywords
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- EP ID EP410050
- DOI 10.9790/487X-2003085057.
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