India to buy 400 firms in US, EU after 2010: Assocham
Availability of funds, renewed business confidence and relatively stable economic and political regime would intensify such activities. Hiring a challenge for India Inc
By PTI |
NEW DELHI: In tune with ongoing trend, India Inc would buy 400 firms in European Union and the US market every year from 2010 onwards, according to a study by Assocham.
"Indian companies acquired more than 180 companies in Europe and US, up from 130 in 2005. The number would exceed 210 by end of current fiscal and the tempo would further be facilitated towards the projected numbers," Assocham President, Venugopal N Dhoot said in a statement.
A paper on 'dynamics of mergers and acquisitions' by European Institute for Asian Studies (EIAS) revealed that most of the M&A activities would revolve around steel, auto component, pharmaceuticals and chemicals offering low-cost high value products.
It said easy availability of funds, renewed business confidence and relatively stable economic and political regime would intensify such activities.
Acquisitions would help Indian companies to emerge as significant players on the global stage.
"Indian companies acquired more than 180 companies in Europe and US, up from 130 in 2005. The number would exceed 210 by end of current fiscal and the tempo would further be facilitated towards the projected numbers," Assocham President, Venugopal N Dhoot said in a statement.
A paper on 'dynamics of mergers and acquisitions' by European Institute for Asian Studies (EIAS) revealed that most of the M&A activities would revolve around steel, auto component, pharmaceuticals and chemicals offering low-cost high value products.
It said easy availability of funds, renewed business confidence and relatively stable economic and political regime would intensify such activities.
Acquisitions would help Indian companies to emerge as significant players on the global stage.
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