The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff, and has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet titled “Internationalisation of Indian Business” was published on January 12, 1980 and is the textual reproduction of the A D Shroff Memorial Lecture delivered by M K Raju. Mr. Raju analyses the causes for the poor performance of Indian Joint Ventures in various host countries. He examines in detail the various policies within the country that caused such large-scale failure of Indian Joint Ventures. He concludes by proposing various policy changes and solutions to the issue at hand.