India Inc.'S New Mncs ; International Acquisitions May Be the Most Visible Element of the Global Gambit, but Corporate India Is Also Resorting to Joint Ventures and Greenfield Forays to Set Up Overseas Outposts. The Indian Mnc Is in the Works.

Summary

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$186 billion.

1,878 deals.

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India Inc.'S New Mncs ; International Acquisitions May Be the Most Visible Element of the Global Gambit, but Corporate India Is Also Resorting to Joint Ventures and Greenfield Forays to Set Up Overseas Outposts. The Indian Mnc Is in the Works.

And a global market share of 16.8 per cent.

It's unusual to start a voluminous, predominantly gung-ho series of features on India's MNCs in the making with a reality check. But that may be just what the doctor ordered in the midst of reams of hoopla generated in recent times about India Inc.'s burst of acquisitions on the international stage. According to data collated by the us-based information powerhouse Thomson Financial, us corporations have done 1,878 cross-border transactions so far in 2006, totally valued at $186 billion. India stands 23rd on that list in value terms, with a 0.7 per cent share. Elsewhere, India ranks 61st out of 62 countries on the globalisation index of A.T. Kearney, a global management consulting firm. Does tha...

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