Arguing that the disgruntled Unions have always expressed anger in their own way, Titus said: "In the last five years, I cannot remember any such case where the CEO of a company has been murdered by the mob."

He lamented that multinational companies becomes soft targets for such elements because they work honestly and do not pay heed to unlawful demands of local 'netas' and 'gunda' elements.

"Indian businessmen manoeuvre their way by offering 'bakshish' and can get away in such situation with the help of anti-social elements but most MNCs don't follow such tricks and are victimised," he said.

"There is a sense of deep shock among Italian business men, but we cannot comment what will be the long-term impact. We are still assessing the situation," commercial counsellor at Italian Embassy Nicolo Tassoni said.