M&As by Indian businesses in US, EU to double within three years: European Institute for Asian Studies - Assocham study
19 Nov 2007
Mergers and acquisitions by Indian businesses in the US and Europe are expected to double in three years, reveals a new a survey by Brussels-based policy and research body European Institute for Asian Studies and the Associated Chambers of Commerce and Industry.
The joint study revealed that the number of acquisitions by Indian companies in Europe and the US would cross 400 a year from 2010 onwards, up from 210 expected in 2007 180 in 2006 and 130 in 2005.
According to the study, easy availability of funding, renewed business confidence and relatively stable economic and political regime were the prime factors behind the expected surge in Indian acquisitions in the US and the EU.
The survey also pointed to the enormous potential for improving trade and investment flows between the EU and India.
According to an Ernst & Young survey in june this year, cross-border deals by Indian firms were expected to more than double to $35 billion in 2007, from $15 billion in 2006 and $4.3 billion in 2005.
India was now among world''s most competitive producer of steel, auto component, pharmaceuticals and chemicals, offering low-cost high-value products, which would be a catalyst for future Indian acquisitions in Europe.
.webp)
