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