Introduction
In the process of nation's capacity building and economic
resurgence, the business community within India witnessed major
economic policy reforms in the last couple of years. Beginning with
demonetization, GST, the introduction of the Insolvency and
Bankruptcy Code, 2016 (IBC), adherence to General Data Protection
Regulation (GDPR) standards, all these reforms had an impact on the
business community so much so that, the World bank in one of its
latest reports have assessed India to be ranked at 77thrank among
190 countries in ease of doing business, a recorded jump of 23
positions against its rank of 100 in 2017.One of the established
ways for a nation's capacity building is by means of Technology
Transfer. While technology transfer from foreign entities via a
Foreign Direct investment (envisioned inthe Make in India program)
or cross-border Mergers and Acquisitions, are definite channels for
technological advancement and skill enhancement, it is
