Running with The Bulls; Indian  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8774 (Mar. 2012), page 61-62.
Topik: Trade Liberalization; Business Community; Foreign Investment; Manyindustries; Trends

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.70 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Until liberalisation in 1991, the travel schedules of Indian executives often revolved around treks to Delhi to beg officials for access to hard currency and permission to import equipment. These days the country's corporate warriors talk of being on the road in Africa for three weeks of every month, of trips to factories in Wales, of meeting the troops in South Korea and of crossing America to talk to car-dealers. The rapid globalisation of Indian firms owes much to takeovers. Cross-border deals worth $129 billion over the past decade include monsters such as Bharti Airtel's purchase of the African assets of Zain, a mobile-telecoms firm, and the Tata Group's purchases of Corus, a steelmaker, and Jaguar Land Rover (JLR), a carmaker. Those deals thrilled Indian patriots and transformed the reputation of Indian firms abroad. Some cheerleaders even suggested that shrewd Indian companies, thanks to their willingness to invest for the long term, might defy the first rule of corporate finance: that takeovers routinely destroy value for the purchaser. Now that the dust has settled, it is possible to take a more sober view.

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