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As no country is self sufficient in itself all countries are dependent on each other to meet out the requirements .Interdependence among countries is a common phenomenon these days. Foreign collaboration is very useful in meeting out the deficiencies of the resources and in getting advanced technology with competitive price. Recently to meet the countries demand for coal foreign collaboration with the advanced countries which are rich in coal are considered to bringing in new technologies both in underground and opencast sectors for the efficient management of the coal industry, skill development and training etc

Foreign Collaboration and Indian Business

Foreign collaboration in Indian market is increasing at a great speed due to the effects liberalization; privateization and globalization .The main reason for the increasing scope or foreign companies in Indian market is the profit returns they take from the India market. Indian companies are interested in foreign counterpart because of gaining technical and market skills from the foreign market.