Providing an insight into the new initiative, Brar said “The aim is to create an ecosystem which can accelerate the creation of multinational corporations from India . By tapping into the “experiential expertise” of CII members, global Indian companies, emerging multinational corporations, strategic consulting firms and knowledge partners in academia, the initiative aims to provide a forum for learning, sharing and addressing common challenges of the globalisation journey, in an actionable format.”

Shibulal launched the initiative’s dedicated website www.indiaincgoingglobal.com. Stressing that speed is of essence in clinching M&A deals, Shibulal pointed out that “there is a need to create an ecosystem where Indian companies can learn from each other’s successes and how to avoid failures; that will help them succeed faster. This is a programme, which is unique, with success depending on the belief that it can work, participation by the members and the expectations from it. The programme is aimed at a wide set of companies. Size is not the bar, aspiration is the bar.”

Khanna emphasised that “we have reached a stage where Indian companies have reached a critical mass and are asking the question how they can go global. The time to go global is actually right now.”

Zainulbhai said that while it is natural for Indian companies to expand overseas, the speed at which it is happening is a lot faster than it used to be. “Previously, we had a 30-year cycle before they could reach that stage but now several companies are taking just 10 years,” he observed.

... contd.