The internationalization process of the RMB 2)  Over the years, in order to deepen further financial reforms, the RMB internationalisation process has been gradually implemented. In the 12th Five-Year plan, the Central Government has clearly stated the strategic plan of “expansion of RMB cross-border use and gradual realisation of RMB capital account convertibility”.
This is reflected in the increasing global operations of Indian corporates in search of global synergies and domain knowledge. Transfer of technology and skill, sharing of results of R&D, access to wider global markets, promotion of brand image, generation of employment and utilisation of raw materials available in India and in the host country are other significant benefits arising out of such overseas investments.