> The Foreign Exchange Regulation Act of 1973 required many multinationals to hand over 60% of the equity in their local subsidiaries to Indian partners. Coca-Cola would have had to release its top-secret syrup recipe and IBM its computer codes in order to comply. Faced with an ultimatum from Fernandes, Coca-Cola—along with Mobil, Kodak, and 54 other companies—left.
How interesting. Meanwhile, when China asks the same of foreign companies today, the foreign companies seem to offer half of the local subsidy and the entire IP on a silver platter.
Just one recent example, but there are others involving Microsoft with Skype, Windows 10, and so on:
How interesting. Meanwhile, when China asks the same of foreign companies today, the foreign companies seem to offer half of the local subsidy and the entire IP on a silver platter.
Just one recent example, but there are others involving Microsoft with Skype, Windows 10, and so on:
https://www.theregister.co.uk/2018/12/10/qualcomm_layoffs/