Title GMR : grounded at the Maldives international airport / authored by Harvinder Singh (Department of Marketing, IMT Ghaziabad, Ghaziabad, India), Rashmi Kumar Aggarwal (Department of Economic Environment and Policy, Institute of Management Technology, Ghaziabad, India), Aakriti Bansal (Department of Marketing, IMT Ghaziabad, Ghaziabad, India)

Published Bingley, U.K. : Emerald Publishing Limited, 2022 ©2022

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Description 1 online resource (23 pages) Series Emerald emerging markets case studies ; vol. 12, no. 1 Notes Learning outcomes: The learning outcome of this paper is to understand the geopolitical aspects of international business. Assessing the political risk inherent in international investment projects. Maintaining a favorable corporate image in the host country despite apparent hostilities. Analyzing the risks associated with doing business in an emerging market Case overview/synopsis: In February 2019, local newspapers in the Maldives published unconfirmed reports that the Indian company GMR was reinvesting in the Maldives. GMR had secured a contract in 2010 for renovation/expansion of The Maldives International Airport. However, the contract created political turmoil, with opposition parties objecting to some clauses. People considered GMR closer to the incumbent President, Mohammed Nasheed. The unstable political scenario forced President Nasheed to resign amidst allegations of corruption. The new President showed hostility toward India and GMR while making overtures to China. He canceled the airport contract and awarded it to a Chinese company. GMR went to the international Tribunal in Singapore. The tribunal upheld the Maldivian government's right to terminate the agreement but awarded GMR a compensation of US$270m. In 2019, a new government came to power in the Maldives, with Mohammed Nasheed enjoying a commanding position. The government pledged to accept the judgment of the Singapore International Tribunal. The local media discussed the possibility of the return of GMR to the Maldives after seeing some senior GMR officials in the Maldives. However, it was not clear whether it would be a good idea for GMR Complexity academic level: Master's level program Supplementary materials: Teaching notes are available for educators only Subject code: CCS 11: Strategy Includes index Bibliography Includes bibliographical references Notes Print version record Subject Investments, East Indian -- Maldives -- Case studies Business and politics -- Maldives -- Case studies Business & Economics -- International -- Economics. International economics. Form Electronic book Author Aggarwal, Rashmi Kumar, author Bansal, Aakriti, author

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