For world-class firms, is India going Korea way?
- Swaminathan S Anklesaria Aiyar
- Updated: Jun 22, 2024, 20:59 IST IST
The government seems to be creating Indian versions of the highly successful Japanese zaibatsu and Korean chaebol. But mere state support cannot turn companies into successful national champions. Companies need to have skills and capital to build giant conglomerates in this competitive market
Without any announcement or perhaps even a plan, the government seems to be creating an Indian version of the Japanese zaibatsu and Korean chaebol — giant conglomerates supported by the state to create national champions that can take on western corporate giants.
