- External factors
- Economic factors
- Domestic economic expansion
- Global competition
- Economies of scale
- Market expansion
- Technological factors
- Ease of communication
- High cost of R&D
- Complex technology
- Cross border R&D alliances
- Govt/Political factors
- Regulatory reforms
- Privatization
- Globalization and liberalization
- Exchange rate factors
- Economic factors
- Internal factors
- Growth
- Diversification
- Following clients
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