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Which two multinational corporations have been approved by the Indian government to deploy the automatic train collision avoidance system known as Kavach on the Indian Railways?
  • a)
    Medha Servo Drives and HBL Power Systems
  • b)
    Siemens AG and Kyosan Electric Manufacturing
  • c)
    Kernex Microsystems and Medha Servo Drives
  • d)
    HBL Power Systems and Siemens AG
Correct answer is option 'B'. Can you explain this answer?
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Which two multinational corporations have been approved by the Indian ...
The Indian government has approved Siemens AG from Germany and Kyosan Electric Manufacturing Co., Ltd. from Japan to deploy the Kavach automatic train collision avoidance system on the Indian Railways, expanding the initiative beyond the previous involvement of three Indian companies.
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Directions: The passage given below is followed by a set of questions. Read the passage carefully to answer the questions that follow:The internationalisation of business transactions, which forces changes in product lines and process, has enabled a handful of advanced nations to dominate and control technology. This has put developing nations like India at a disadvantage, because it is difficult for a developing nation to shorten product cycles, matching the developed nations. In the near absence of a level-playing field, it is important for India to look for new avenues in technology.The scarcity of capital has led to a weak R&D base, making technological self-sufficiency a distant dream for the country. The gap between what the country spends on R&D and what needs to be spent, to develop optimum technological capability, is wide. The USA spends annually about $150 billion on R&D followed by about $100 billion by Japan. The amount made available in India for S&T efforts is a nominal $1 billion. India's R&D spending is less than one percent of sales against 3 to 4 percent in OECD countries. Besides, nearly 90 percent of patents currently in force in India are meant to protect foreign patent-holders regarding technology innovations.To top it, Indian industry has been reluctant in developing technology-intensive production lines. There has been a general hesitance to either invest in indigenous R&D or go in for technology imports. What is interesting is that despite the technological backwardness, our expenditure on indigenous R&D has exceeded that of technology imports. In fact, royalty payments and technical fees as a percentage of sales- a proxy for technology imports - by large industrial houses is below 0.5 percent compared to R&D to sales ratio of about one percent.Perhaps, the need to resolve the immediate problems of production is better served by local R&D rather than imported technology. The large domestic market and inadequate investable resources is made to justify near autarky in technology acquisition.Of late, Indian industry, spurred by the liberalisation process, is taking a decisive turn to scale the technology barrier. It is, however, feared that the Indian entrepreneurs’ bid to integrate their production pattern with the world system might be met by technological production by western industries.The transnational corporations would ideally prefer the diffusion of technology embodied in exportable products then technology transfer. But, with the development of a strong manufacturing base in India, it is no longer possible for the transnationals to technologically monopolise all the production lines in the manufacturing industry. Hence, the multinationals from the industrial countries have changed their attitude towards sharing their technology with India. There has been discernible shift towards supply of know-how through foreign direct investment and licences in both low and medium R&D intensive areas.Enquiries from recipient firms in India have revealed that foreign firms are amenable to supplying know-how in manufacturing and capital goods industry. In fact, many engineering units have obtained the best possible technology in their area of operation. Similarly, a number of automobiles and chemicals units are reported to have obtained the latest technology, which has enabled them to become market leaders in their fields.Assimilation of technology, supplied by foreign companies to Indian firms, has brought discernible improvements in product quality, besides leading to energy conservation, capacity increase and pollution control. In such cases, the efficacy of technology transfer depends upon the relationship of the buyer with the supplier, which ultimately decides the success of the deal.In order to facilitate technology orientation, the government has taken some initiatives. Nevertheless, the efficient science-industry linkage, considered to be imperative for technology progress, has not yet materialised.Besides, our technology programme has yet to take stock of the present scenario, whereby internationalisation of business transactions has become a new reality. Our policies have failed to counter the threat posed by the globalisation process which, by moving towards the inter-dependence of nations, would result in the dependence of developing countries on the advanced nations.Our policy makers have chosen to ignore the glaring reality that it is the synergy between the industrial, financial and trade policies in identified areas of national priorities which could help work the technology miracle. 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Our human resources can be optimally deployed to make us world leaders in resource-based industries like information technology, computer software, systems engineering, design and biotechnology.A suitable policy framework, which at the outset, would aim at encouraging foreign investment, to develop our resource endowment areas which will utilise our existing talent and strengthen our comparative advantage in the long run, is necessary. India has the capability to penetrate the technology cartel created by multinationals in mainstream developed nations.Q. Globalisation is the new reality but there is a threat inherent to the interdependence of countries. This threat is

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Which two multinational corporations have been approved by the Indian government to deploy the automatic train collision avoidance system known as Kavach on the Indian Railways?a)Medha Servo Drives and HBL Power Systemsb)Siemens AG and Kyosan Electric Manufacturingc)Kernex Microsystems and Medha Servo Drivesd)HBL Power Systems and Siemens AGCorrect answer is option 'B'. Can you explain this answer?
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Which two multinational corporations have been approved by the Indian government to deploy the automatic train collision avoidance system known as Kavach on the Indian Railways?a)Medha Servo Drives and HBL Power Systemsb)Siemens AG and Kyosan Electric Manufacturingc)Kernex Microsystems and Medha Servo Drivesd)HBL Power Systems and Siemens AGCorrect answer is option 'B'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Which two multinational corporations have been approved by the Indian government to deploy the automatic train collision avoidance system known as Kavach on the Indian Railways?a)Medha Servo Drives and HBL Power Systemsb)Siemens AG and Kyosan Electric Manufacturingc)Kernex Microsystems and Medha Servo Drivesd)HBL Power Systems and Siemens AGCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which two multinational corporations have been approved by the Indian government to deploy the automatic train collision avoidance system known as Kavach on the Indian Railways?a)Medha Servo Drives and HBL Power Systemsb)Siemens AG and Kyosan Electric Manufacturingc)Kernex Microsystems and Medha Servo Drivesd)HBL Power Systems and Siemens AGCorrect answer is option 'B'. Can you explain this answer?.
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