Indian companies concluded deals worth $25.6 billion
in the first six months of 2006, up from $8 billion in
the first half of 2005, and $23.6 billion for the whole
of the previous year, says a PricewaterhouseCoopers' M&A
India, with its appetite for engineering products, pharmaceuticals,
IT, oil and gas and other sectors, lapped up more firms
and brands in cross-border acquisitions than many other
countries. In fact, only behind Japan and Australia, India
has left China and South Korea behind in the M&A race
in the Asia Pacific region according to the 10th edition
of PricewaterhouseCoopers' M&A Bulletin.
companies also outperformed the average increase in M&As
of 32 per cent in the Asia Pacific region during the period.
Japan and Australia bagged the first and second slots,
with deals worth $64.2 billion and $33.2 billion, respectively.
tops the M&A ranking with deals worth $64.2 billion
Korea $25.2 billion
Kong $17.1 billion
$6.5 billion and
Philippines $1.7 billion
report attributed the growth in M&As to India's entry
markets, establishment of leadership positions by existing
players, extension of domain knowledge by acquisition
of know-how, focus on infrastructure, and a fast-liberalising