Yesterday i read in economic times that MNCs Indian arms are remitting royalties every year and this year it is three fold than earlier.SEBI India's regulator is watching this.
Of course MNCs are spending money on research and development but terms and conditions and duration of royalty payment rarely disclosed.Crtics are already asking central government to act.
How it can be controlled? outdated technologies and processess were transfered to india, SEBI should regulate this and come out the hidden facts. So What should be the condition of poor nations?
When India can not do much to contain them, Can Indian corporates compete ? or under the name of foreign collaboration they import obselete technologies and we pay royalty for them
This is a sad story, India leads third world and emerging economy should address this problem.
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