Yes, this is possible, but Creo itself does not automatically understand that two differently named parameters are semantically the same. You need a mapping strategy.

Example

Team USA

Plain Text

THRUST_FORCE = 5000

ROCKET_WEIGHT = 1200

Team India

ENGINE_THRUST = 5000

VEHICLE_MASS = 1200

1. Create Master Parameters 

Define a common corporate standard:

MASTER_THRUST

MASTER_MASS

Then map the local parameters to the master parameters.

Example:

MASTER_THRUST = ENGINE_THRUST

MASTER_THRUST = THRUST_FORCE

All relations and downstream models use only the master parameter.

Now, in a very similar way consider Team USA is having the same parameters (as mentioned above under Team USA) without any values at the moment & Team India is having the same parameters (mentioned under Team India above) with certain values. 

Now, I have to call them into a BOM table in an assembly drawing sheet & here I want CREO to automatically pull the parameter that matches with each other & should only show the value of the parameter which is having a certain value & exclude the parameter that doesn’t have a value. In my case it is giving me 2 columns of parameters with & without values. I only need the BOM with values & CREO should automatically identify the parameters with values !

Is there any possible way to achieve this???

You need to develop standard design and drawing templates that have a single set of parameters and use them at all design locations.