Indian entrepreneurs interest in European, US cos
Indian entrepreneurs are showing a growing interest in European and US companies for global expansion, according to a survey.
By TNN |
NEW DELHI: Indian entrepreneurs are showing a growing interest in European and US companies for global expansion, according to a survey. The poll was conducted by IndusView at The Indus Entrepreneurs (TiE) event in Delhi.
The poll showed that 80% of the participating executives expressed plans to merge with either a European or US company, with the next most popular plan to partner with an overseas company. Additionally, participants felt the biggest benefit of European expansion was an increased customer base.
“Many Indian companies have reached the size and scale where they can dream of being global companies and their market caps enable them to make acquisitions overseas. Thus enabling them to plug competency gaps and increasing market reach.” says Sanjeev Bikhchandani, Chief Executive Officer, Info Edge (India) Ltd.
This growth appears to move in both directions, 90 per cent of executives admit to being approached by European and US businesses about potential collaboration.
Additionally, participants believe the greatest expansion into India comes from Europe, with an increase in foreign investment in Indian companies over the past year.
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