Collaborations became key to business growth from "summary" of A Business History of India by Tirthankar Roy
Collaborations between Indian and foreign entrepreneurs were crucial for business growth in India during the colonial period. These partnerships allowed Indian entrepreneurs to access new technology, markets, and capital that were essential for expanding their businesses. Foreign companies, on the other hand, benefited from local knowledge and networks that helped them navigate the complexities of the Indian market. The establishment of joint ventures and collaborations between Indian and foreign entrepreneurs became a common strategy for business growth. For example, Indian merchants often formed partnerships with European trading companies to gain access to their global networks and financial resources. In return, the European companies relied on the local expertise and connections of their Indian partners to navigate the intricate web of regulations and cultural norms in India. Collaborations ...
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