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Just as we are packing this issue of DQ Channels comes the uplifting news
that Indian companies made 143 acquisitions across various sectors in the US
over the last two years. And the total value of these business deals are in
excess of an impressive $5 billion. These acquisitions even bailed out many
companies that had as good as polled down the shutters on their business, and
helped in the creation of 30,000 jobs in that country.
And guess which sector was the flag bearer for most of these acquisitions? It
was none other than good old information technology and ITeS where a whopping 40
percent of the deals took place.
Of course this is much lesser than the number of buyer handshakes that took
place in 2007-08, but I don't think anyone's really counting. Not in light of
the fact that the entire US economy is in doldrums and has shed its long gloomy
shadow all over the global markets. At such a time, Captain India has come to
its rescue, which makes you feel very proud.
In fact the survey states that several Indian companies are still looking at
acquiring US companies, despite the economic downturn which has raised the cost
of overseas acquisitions. That's yet another feather in our cap.
Now after patting their backs about finally getting the credit much overdue
to them, it is now time for entrepreneurs who have taken over these companies to
see how well they can manage it. Given the fact that doing business in US is not
the same as doing it in India. The laws there are much more robust, process much
more regulated and workforce much more empowered.
But, knowing how enterprising Indians are, it would not be surprising to see
them infuse a bit of 'Indianness' in their working styles and business
practices. Personally, I think that rattling the existing US business structure
a bit might actually prove to be good for the locals there in the long run. If
nothing most of them will learn that the world stretches much beyond their
shores. Page(s) 1
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