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doubt has proven to be a success. Some of these incentives included tax breaks, tax Holidays, duty free imports, designated Special Economic Zones (SEZs) and Export Promotion Zones (EPZs). Though it is argued that on the one hand FDI can benefit local firms through spill over effects, on the other hand these incentives have only seemed to be in favour of foreign firms, and there is still much debates regarding these incentives seeing as the local firms are being placed at a disadvantage within their home markets. However, these incentives have also helped increase exports levels, namely through SEZs and EPZs, which is also another benefit to local firms who may be involved supplying raw materials and other services used in the manufacturing process of these goods. 

In addition, along with trade liberalisation there was the transfer of technology which in general has played an influential role in the progress and growth of the majority of industries. However, there are two sides to the coin with regards to new technologies being transferred to India as a result of import liberalisation. For instance, the new technology only seemed to benefit particular industries in which large firms were financially well off and were able to import new machinery and hence improve productivity, competitiveness and overall performance. Nevertheless, most of the small and medium sized enterprises (SMEs) were unable to afford new equipment from abroad and consequently lost out in the chance of increasing their share of the market. Therefore it can be argued that, the role of technology on the performance of local firms has been like a game of catch up. Whereby, the big companies are able to make fast progress and increase global competition, where as less financially stable firms are left to develop their own methods and techniques for manufacturing which can be very time consuming and costly.

Katrak (2002), assess whether trade liberalisation hampers the ability and willingness of local firms to develop new technologies independently. This an important factor in context of the performance of local firms as it either help increase productivity and efficiency, or alternatively lead to greater exploitation towards foreign competition. Nevertheless, the main outcomes of the report suggest that, in general there has been an increase in the level of research and development and innovation of new technologies amongst the industries they studied. Hence, it can be argued that there is a positive correlation between trade liberalisation and the use of new technologies and methods of production amongst local firms. Moreover, even if some domestics are not able to develop or import new technologies due to financial constraints, they are still able to benefit through spill-over effects and hence improve their performance. In addition, Bishwanath Goldar (1990) carries out an assessment on whether import liberalisation helps to improve the efficiency of firms operating in different industries. 

The results for the econometric test indicated that, import liberalisation has a positive impact on the productivity and performance of domestic firms, since greater availability of resources through imports and increase in foreign competition seems to contributing factors. However, the st本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。