Innovation–Consolidation Nexus: Evidence from India’s Manufacturing Sector

  • Beena SaraswathyEmail author
Part of the India Studies in Business and Economics book series (ISBE)


Often mergers and acquisitions (M&As) are approved by competition regulator(s) based on the likely impact of it on innovation, which is further expected to enhance consumer welfare. During the initial years of M&As activity, the relationship between M&As and technological performance was not a major concern. During those days, the studies were focusing on the trade-off between efficiency generation and market power creation. However, there has been an unprecedented increase in the value and volume of technology-related mergers, acquisitions and alliances during globalization with a view to minimize cost of production and to effectively withstand market competition. Overall, the study observed that cross-border M&As are spending more for royalties and technical know-how, which indirectly indicates the continuing dependence of foreign firms on import of technology compared to in-house R&D creation in the Indian manufacturing sector.


Market structure and innovation Mergers and acquisitions Anti-trust issues Government policy and regulations Monopolization strategies Innovation 

JEL classification

G34 G38 L44 L12 O32 


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Copyright information

© Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  1. 1.Institute for Studies in Industrial Development (ISID)New DelhiIndia

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