Porter's Diamond Model and Export Competitiveness Analysis of selected Scientific Instruments Export Industries

Abstract

Competitiveness level of export is a broader concept and it includes a number of determinants and its variables. But with the growing global competition and trade liberalisations, it is the necessity of every export unit to access the determinants of export competitiveness A number of industrial clusters are concentrated in different local cities but these clusters are competing at international level. With a glance on the Porter's Diamond theory of competitiveness, a framework has been designed to identify the determinants of export competitiveness of selected scientific instruments export industries in Ambala cluster. All the identified variables under Porter's Diamond Model of competitiveness are analysed based on the answers given by the respondents. Factor analysis is performed on all the variables covers under determinants of export competitiveness. In order to get more relevant factors of export competitiveness, factor analysis is performed separately on each determinants of export competitiveness. Export competitiveness of selected industries is depending on the expansion policy of the cluster, government should take important steps to expand the cluster by providing credit and infrastructure support to the industry.