Pushing Indian MNCs

The govt's advice to industry to set up permanent rather than camp offices abroad is sound

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At a time of adverse tariff headwinds and geopolitical uncertainties, there is no doubt that India Inc must seize opportunities to increase its global footprint. To be sure, leading conglomerates like the Tatas, Aditya Birla Group, Mahindra & Mahindra, Bharti Airtel, among several others, already have a presence in several countries. The government's push to create many more multinational corporations (MNCs) is definitely to be welcomed. Top officials have indicated to FE that this idea is being shared with India Inc. Industry is being encouraged to look beyond participating in global tenders and setting up camp offices to execute these orders. The emphasis is more on setting up permanent establishments in countries where they see opportunities that can be seized with agility. The government's advice to India Inc is to hedge risks, tap global talent, and integrate into global value chains. The ministry of external affairs has created three permanent desks in its embassies in all major countries to h