10 Major Overseas Acquisitions by Indian Companies
Bangalore: Indian companies have certainly become more ambitious and certainly adventurous. Most companies are no more the ‘frogs in the well of the license-raj era’. In today’s world, Indian companies are not only setting up their own bases overseas, they have become quite ambitious to fly out of the Indian business boundaries to find new companies and potential markets for acquisition and company investment. Even though it might take some years for them to start showing the big time profit evaluations from the acquisitions made so far.
However, this shows that Indian companies have certainly become confident about expanding their operations overseas successfully.
In the last decade itself, many Indian companies have been on a big time acquisition spree, and that has definitely added a huge value to Brand India. Indian companies (listed and unlisted) announced 1995 overseas acquisitions from the last two which involves an investment of nearly $ 116 billion – as reported by The Economics Times.
India has also come out as the world’s 21st largest overseas and foreign investor, with more than 75 billion dollars in foreign investment, just in the past 10 years. And during the financial year 2009-2010, the investment by the native companies in foreign joint ventures and self-owned subsidiaries alone come up to around 10.3 billion dollars, as per The Reserve Bank of India’s report.