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Book part
Publication date: 25 September 2017

Aashna Mehta, Habib Hasan Farooqui and Sakthivel Selvaraj

The Indian pharmaceutical industry accounts for 8% of global production and exports medicines to over 200 countries. Multinational enterprises (MNEs) enter the Indian market…

Abstract

The Indian pharmaceutical industry accounts for 8% of global production and exports medicines to over 200 countries. Multinational enterprises (MNEs) enter the Indian market either directly through the establishment of subsidiaries or indirectly through licensing arrangements. However, evidence on MNE’s contribution toward development in India in terms of capability enhancement and linkages or through other spillover effects is limited. The purpose of this research was to generate evidence on (a) contribution of MNEs in the pharmaceutical market in India, (b) nature and impact of foreign direct investment (FDI) inflows in the Indian pharmaceutical sector, (c) contribution of MNEs in R&D and innovation in India, and (d) MNE’s contribution toward introducing new chemical entities (NCEs) and new biological entities (NBEs) in India through a mixed method research design. We conducted an in-depth quantitative analysis on multiple data sets and qualitative interviews of various stakeholders to generate a holistic understanding on the aforementioned research objectives. Our findings suggest that from the perspective of capability enhancement and linkages, the contribution of pharmaceutical MNEs in India is limited. We observed that majority of FDI investments are brownfield against desired greenfield investments. In addition, MNEs are investing far less of profit before tax (PBT) compared with Indian firms on research and development. However, MNEs are contributing significantly toward access to certain pharmaceutical segments like vaccines, hormones, and parenterals, which require sophisticated production facilities, advanced technology, and intellectual capital. Further, MNEs role in innovation and introduction of new medicines (new molecular entity [NME] and NBE New Chemical and Biological Entities (NCEs and NBEs)) in India is significant. We propose that creating a conducive policy environment and predictable regulatory environment can facilitate capability enhancement and linkages through MNEs. Some of the potential policy instruments include appropriate implementation of FDI policy and Intellectual Property Rights (IPR) policy to balance trade and public health.

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International Business & Management
Type: Book
ISBN: 978-1-78743-163-8

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Book part
Publication date: 7 September 2012

Sumit K. Majumdar

This chapter examines the impact of changes in foreign exchange legislation on the levels of R&D undertaken by pharmaceutical firms in India. Foreign exchange legislation in India…

Abstract

This chapter examines the impact of changes in foreign exchange legislation on the levels of R&D undertaken by pharmaceutical firms in India. Foreign exchange legislation in India was codified as the FERA, passed in 1973, and the legislation was based on the mens rea principle, assuming criminal intent on the part of transgressor. The provisions of FERA were replaced with those of new legislation, called FEMA, in 1999. The impacts of the changes have been examined.

The examination has been based on panel data of Indian pharmaceutical firms over a period of fifteen years, from 1991–1992 to 2005–2006.

The results of the analysis have shown that, controlling for a variety of other factors, a transition from FERA to FEMA has been associated with a significant rise in pharmaceutical firms’ average levels of R&D undertaken.

The research establishes that institutional changes have significantly impacted innovation performance in India. The sector examined, pharmaceuticals, is important for the Indian economy as well as for general welfare, since its products help enhance the quality of lives. How innovation can be enhanced in this sector is an important policy consideration.

The research is the first to examine the impact of changing the laws relating to foreign exchange transactions in India on capability building, via undertaking research activities, in an important sector of Indian industry.

Content available
Book part
Publication date: 25 September 2017

Abstract

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Multinational Enterprises and Sustainable Development
Type: Book
ISBN: 978-1-78743-163-8

Abstract

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The Digital Transformation of the Fitness Sector: A Global Perspective
Type: Book
ISBN: 978-1-80117-861-7

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Book part
Publication date: 20 July 2022

Abstract

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The Digital Transformation of the Fitness Sector: A Global Perspective
Type: Book
ISBN: 978-1-80117-861-7

Abstract

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Legal Protection for Traditional Knowledge
Type: Book
ISBN: 978-1-80043-066-2

Book part
Publication date: 30 September 2022

Deepika Upadhyay, Pallavi Tyagi, Simon Grima and Balamurugan Balusamy

Rivers are very close to Indian culture and civilisation. Indians treat rivers as holy and connect them to their faith. Human-induced activities unintentionally pollute the water…

Abstract

Rivers are very close to Indian culture and civilisation. Indians treat rivers as holy and connect them to their faith. Human-induced activities unintentionally pollute the water bodies. The present case revolves around an innovative social enterprise – PHOOL, which deals with the recycling of flowers offered by devotees at temples. Thus, preventing thousands of kilograms of floral waste from being dumped into rivers daily and polluting them. The idea was conceived to save the most revered river – the Ganges. These flowers are mostly loaded with pesticides and insecticides, which further merge with river water making it even more toxic, endangering marine lives. PHOOL collects flowers from various places of worship and recycles them into handcrafted incense sticks and biodegradable Styrofoam. This unique venture has also been patented for its process and technology of floral waste recycling. Their mission is to save and preserve the river Ganges and empower marginalised women by providing employment opportunities while at the same time giving a livelihood and a future to Indian child and the generations to come. The child could now afford schooling, in hopes of a better economic future in a healthier environment while maintaining all societal traditions. It is essentially a case of social entrepreneurship that aims to help readers understand the intricacies of starting and surviving a social enterprise and ensuring continual sustainability. To create the case, an interview was carried out with Ms Ekta Jain (Associate, Marketing and Communications, PHOOL), as well as a literature review and data were collected on the social enterprise and significant events that take place in the Indian social entrepreneurship ecosystem. PHOOL is a case on ensuring a balanced approach between the economy, environment and society. It aims at protecting and creating a balance between the environment, the economy and the society, generating a new inflow to the economy, providing a purpose in life for those most in need of it and a livelihood free from pollution and deprivation, and making the world a better place to live in. It is creating a balance between societal needs, the environment that requires protection, the economy and ensuring continuity.

Abstract

Details

Legal Protection for Traditional Knowledge
Type: Book
ISBN: 978-1-80043-066-2

Book part
Publication date: 10 October 2014

Roy F. Janisch

In this chapter, the author outlines the historical, legal, and jurisdiction regarding incarceration rates of Native Americans. It examines reports and data in areas where…

Abstract

Purpose

In this chapter, the author outlines the historical, legal, and jurisdiction regarding incarceration rates of Native Americans. It examines reports and data in areas where problems of racial disparity continue to endure. As the smallest minority population in the United States, it raises questions as to the disparity of Native Americans. Native Americans are unique in their relationship with the federal government, and should be critically examined to distinguish what makes their involvement in the criminal justice system inimical.

Design/methodology/approach

The author examines the law enforcement, courts, and corrections data, through various reports; concerning causes of Native American criminality, incarceration rates, health disparities, jurisdictional schemes, human rights, and race. It is argued that federal governmental laws and various bureaucracies exacerbate conditions through overreaching policies which invalidates many of the positive aspects Native People bring to themselves.

Findings

Native Americans are overrepresented in the criminal justice system. As the smallest segment of the population, they have a higher incarceration rate per capita. It is without question that chronic underfunding of law enforcement, courts, and corrections in reservation communities continues. In light of Congressional claiming to want to alleviate problems in Indian country, little impact has been realized.

Originality/value

Native American societies are often considered a silent minority. Information pertaining to the many social issues enveloping Native communities often falls on deaf ears and political party leaders who are more interested in a larger constituency fail to lend their assistance in a manner deemed appropriate to truly grasp the larger problems.

Details

Punishment and Incarceration: A Global Perspective
Type: Book
ISBN: 978-1-78350-907-2

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Abstract

Details

Legal Protection for Traditional Knowledge
Type: Book
ISBN: 978-1-80043-066-2

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