Enron

Introduction In 1990, Enron, a Houston-based independent power company, established a subsidiary, Enron world-wide, and gave it the delegating of building and running power generation projects in the developing world. Enrons chairperson appointed unity of his protégés, Rebecca Mark, then only 36 years old, as CEO of the new unit. By 1997, the free-spoken and photogenic Mark, who was fast gaining a reputation as one of the most dynamic businesswomen in America, had built Enron International into a global operation with sales of $1.1 billion, annual profits of $220 million, and a backlog of unusual energy projects worth over $20 billion. The potential jewel in Enron Internationals crown was a growing presence in India. By the end of 1997, Enron International had plans to invest $20 billion in India. Getting to this point, however, had severely tested Marks diplomatical skills and governmental acumen. Enrons India Strategy Enrons interests in India date back to 1991, when the republics former prime minister, Narasimha Rao, visited the United States to seek function with Indias economic development. Rao asked Enron if it was interested in independent power projects in the country. This request signaled a shift of policy in India.

Since independence from Britain in 1947, political opinion in India had largely opposed significant unconnected direct investment on anything other than highly favorable legal injury to the host country. For almost half a century, Indian politics had been powerfully influenced by Gandhis doctrine of swadeshi, or self corporate trust from foreign influence. This had been translated into a presumption against foreign investment and a craving to see India build its own domestic industries under the protection of restrictions on foreign investment and high import tariffs. However, by the 1990s, the winds of ideological change were blowing finished India. The national government seemed to be embracing a free foodstuff approach that... If you want to get a full essay, order it on our website: Ordercustompaper.com

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