Reply fast pls... Infotech Networks Ltd. was an innovation leader in technology in
Canada, creating products and solutions for a connected world. It had a
large Research and Development team which invented the first smart
watch, T-12, which besides showing the time would also monitor few
health parameters like heart-beat, blood pressure, etc. While in search of
markets abroad, the company found that in India, the reform process was
underway with the aim of accelerating the pace of economic growth. The
company decided to take advantage of removal of unnecessary control
over the economy and trade liberalisation through rationalisation of the
tariff structure and reforms with respect to foreign exchange. It set up an
office in Kolkata with a view to capture the Indian market. In a short
span of time, the company emerged as a market leader. Success of the
company attracted many other players to enter the market. Competition
resulted in reduced prices thereby benefitting the customers.
(a)
(b)
In the above paragraph, two major concepts related to government
policy have been discussed. Identify and explain these concepts.
Also, explain any three impacts of these concepts on Indian
business and industry.
