•  to give a signal that there is a qualitative change in the approach of the Government, from one of regulator or controller to one of facilitator. •  to encourage the Indian industry to adopt a spirit of self-regulation and collective effort for improving the image of Indian industry abroad.
Experience and trends The overseas acquisitions, which started of on a small scale, have reached to globally visible levels with big ticket acquisitions being announced by large corporates regularly. A report of the Boston Consulting Group (BCG) on the emerging multinationals in the world puts 21 Indian companies among the top 100 such multinationals. Only China with 44 companies is ahead of India.