We will turn Indian firms into global giants: Niti

New Delhi: The Niti Aayog is exploring ways to encourage more domestic companies to be among the top multinational corporations in the world, the think-tank's Vice-Chairman Rajiv Kumar has said. The government is working to further improve the ease of doing business in the country.

Kumar said the Aayog is trying to figure out impediments for an Indian company in achieving global size. The government think-tank has already held preliminary meetings with the industry bodies and top industrialists to identify the roadblocks that are hindering growth of Indian companies.

"We have noticed that China and some other emerging economies like Turkey, Argentina and Brazil, all of them have been able to establish companies, which are multinational corporations (MNCs) in their own right and have a significant share of the sectors in which they operate.

"You can see this is true of the companies like Alibaba, Temasek or Baidu, being able to compete with largest companies in the world," he said.