Global Footprint :

Owing to globalisation, you might fed many Indian companies have expanded their wings to many other countries. For example, ONGC Videsh, a subsidiary of the Indian public sector enterprise, Oil and Natural Gas Corporation engaged in oil and gas exploration and production has projects in 16 countries. Tata Steel, a private company established in 1907, is one of the top ten global steel companies in the world which have operations in 26 countries and sell its products in 50 countries. It employs nearly 50,000 persons in other countries. HCL Technologies, one of the top five IT companies in India has offices in 31 countries and employs about 15,000 persons abroad. Dr Reddy's Laboratories, initially was a small company supplying pharmaceutical goods to big Indian companies. Today it has manufacturing plants and research centres across the world.

ONGC Videsh engaged in oil and gas exploration and production has projects in 16 countries mainly because of :

New Economic Policy - 1991

The correct answer is option (2) : New Economic Policy - 1991

ONGC Videsh, engaged in oil and gas exploration and production with projects in 16 countries, has expanded primarily due to the liberalization and economic reforms brought about by the New Economic Policy of 1991. These reforms opened up the Indian economy to global markets and encouraged Indian companies to invest abroad.