The Hindu Business Line : CII offers to handhold cos going global

New Delhi, July 24 Though Indian companies have made their mark in mergers and acquisitions globally, the process is expected to be further expedited with the Confederation of Indian Industry’s latest initiative to play catalyst and help turn 100 Indian companies into MNCs.

Christened ‘India Inc Going Global’, the chamber intends to create a platform for the sharing of experiential expertise of successful Indian companies with those desirous of becoming multinational.

Create ecosystem

It involves creating an ecosystem comprising the chamber, global Indian companies, emerging multinational corporations, consulting firms and knowledge partners in academia to impart the learning to companies willing to test foreign waters.

The ecosystem would attempt to address the common challenges involved in going global in areas such as leadership development and talent management, and inorganic growth involving acquisitions abroad.

Core group formed

As part of the initiative a core group has been formed comprising Infosys Technologies Ltd, McKinsey & Co, ICICI Bank Ltd, Harvard Business School, GVK Biosciences, Asian Paints, Mahindra & Mahindra Ltd and Bharat Forge Ltd. The programme has carved out three ‘clusters’— talent management, inorganic growth and India advantage — each of which would be anchored by one of the companies in the core group.

The programme was formally launched recently with 35 companies taking part, including the core group companies.

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CII offers to handhold cos going global