Business partnerships expanded globally from "summary" of A Business History of India by Tirthankar Roy
As Indian business expanded globally, partnerships played a crucial role in facilitating this growth. These partnerships were not limited to domestic collaborations but also extended to international alliances. Through these partnerships, Indian businesses were able to tap into new markets, access new technologies, and leverage expertise from different regions. The global expansion of business partnerships was driven by various factors such as increased trade networks, advancements in transportation and communication, and changing business strategies. One key aspect of global business partnerships was the formation of joint ventures between Indian and foreign companies. These joint ventures allowed Indian businesses to enter new markets with the support of established foreign partners. By pooling resources and sharing risks, companies were able to pursue opportunities that may have been too risky or costly to undertake alone. Joint ventures also provided a platform for knowledge exchange and technology transfer, enabling Indian businesses to enhance their capabilities and competitiveness on a global scale. Another form of business partnership that exp...
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