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SITUATION–III   Economic liberalization and globalization have put on Indian Industry, particularly on service sector, to offer quality products and services at low costs with high speed organizations have to complete with unequal partners from abroad. It is well recognize that developing countries like India are already behind other countries technologically, in many areas, although some of them, particularly Indian, boast of huge scientific and technical manpower. In addition to this, if any entrepreneur or industrialist has to spend a lot of time, money and energy in dealing with unpredictable services and in negotiating with the local bureaucracy, it can have a significant dampening effect on business.
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