The Indian industrial environment has been traditionally identified by its regulative and protective characteristics for investments by foreign manufacturers and for import of goods into the country. The restricted industrial licensing policy by the Government of India had resulted in a closed internal competitive environment without an easy access to foreign goods. However there has been a distinct realisation on the part of the Indian companies since 1991 - when the country opened up for outside direct investments and goods due to economic liberalisation policy of the Government of India - that the manufacturing in India has to compete with outside companies to be competitive even in the domestic market.