Friday, October 06, 2006
Corporate India is finding confidence to go global
Corporate India, which for decades was content to stay at home, its domestic markets protected from foreign competition, has recently embarked on an overseas spending spree.
Fuelled by a booming economy and access to cheap international finance, deal sizes and volumes are growing ever larger. Bankers and advisers predict that the first $1bn (£530m, €785m) overseas acquisition outside the state-controlled energy sector could be around the corner.
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