This study analyses survival of firms in an infant industry in a developing economy. It is found that (a) entry size and the probability of exit are positively related, which is the opposite of the result in most previous studies; (b) similar to previous studies, post-entry size is negatively related to the hazard; (c) firms with longer duration have a more volatile time path of size; (d) the hazard declines with age at an increasing rate suggesting increasing returns to learning and (e) diversification of firms and public ownership have little effect on duration.