ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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WOMEN- Introducing Feminist Perspective in Academia

from multinationals whenever it has been considered necessary, sometimes even in preference to comparable Indian technology in certain areas. What is new in the communications policy which has been announced is that multinationals are now offered 49 per cent equity participation in public sector undertakings in the communications field either directly or through and in collaboration with selected Indian big business houses who can inspire confidence among the multinationals about the security of their investment in the Indian market in tripartite collaboration arrangements between Indian public and private sectors and multinationals. The first big break in this direction came about with the Maruti car. The arrangement is now to be extended on a wider basis and communications and electronics are the most important areas where these arrangement are to be put into operation at once. It is not being openly stated but there is a strong current of thinking in official policy-making that upgrading of the technological base of industrial infrastructure on which so much emphasis has been laid in recent years cannot be achieved in old fashioned and conventional ways. The hope that Indian companies in the public and private sector can make outright purchases of sophisticated technologies from abroad and introduce them in Indian industry is considered facile and impractical view of things. Really sophisticated technology is not available for purchase and even if purchased it is difficult to absorb and adapt. What is needed is close co-operation of holders of technology for its introduction into India and that calls for equity participation and sharing of management of enterprises in the public as well as private sectors. Further, it is argued that much of the sophisticated technology is with multinationals and they will not give it except under arrangements which inspire confidence among them. This confidence cannot be created unless they see that their partners are reliable. This makes it necessary that private Indian business interests should be associated with ventures in which multinationals would participate.

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