Shopping Spree of India Inc

In one of the India Rising documentaries, narrated by the top Indian Mega Star Amitabh Bachhan , a line goes as follows:

This is An India that no longer boycotts the foreign made goods, but instead buys out the companies that make them !

Yes, the Indian companies are on a shopping spree across the globe, buying out and acquiring foreign companies left and right.

In the first 8 months of 2004 itself Indian companies acquired over 60 foreign companies!

But that was just the beginning.

What started with a mere US$ 0.7 billion in 2001, the outbound shopping rose to a whopping 15 billion USD in 2006, of which 99% were outright cash payments.

But 2007 is breaking all the past records. Just between January and May of 2007 India Inc shopped abroad and purchased 102 companies outside India worth over 28 billion USD! This amounted to about 60% of total Mergers and Acquisitions by Indian companies in this period! The total number of M&A between this period by India Inc was 287 worth over 47 billion USD! The total estimate for 2007 is that India Inc will acquire about 180 companies abroad, most of them from US and Europe.

Another interesting figure is, just the Top 10 acquisitions by the Indian companies are more than double the entire similar acquisitions by US companies of their Indian counterparts!!

And this is not limited to software or IT only. In fact there is no IT company in the top 10 acquisitions by India Inc! Indian companies have been acquiring on a variety of sectors including pharmaceuticals, IT, energy, metals, automotive components, beverages, cosmetics, mobile communications, financial services etc.

The top acquisitions by Indian companies so far are:

  1. Corus Group plc of UK acquired by Tata Steel for 12 billion USD (Steel)
  2. Novelis of Canada acquired by Hindalco for 6 billion USD (Steel)
  3. Daewoo Electronics Corp. of South Korea acquired by Videocon for 729 million USD (Electronics)
  4. Betapharm of Germany acquired by Dr. Reddy’s Labs for 597 million USD (Pharmaceutical)
  5. Hansen Group of Belgium acquired by Suzlon Energy for 565 million USD (Energy)
  6. Kenya Petroleum Refinery Ltd. of Kenya acquired by HPCL for 500 million USD (Oil and Gas)
  7. Terapia SA of Romania acquired by Ranbaxy Labs for 324 million USD (Pharmaceutical)
  8. Natsteel of Singapore acquired by Tata Steel for 293 million USD (Steel)
  9. Thomson SA of France acquired by Videocon for 290 million USD (Electronics)
  10. Teleglobe of Canada acquired by VSNL for 239 million USD (Telecom)

The entire purchase projection by India Inc in the year 2007 is about 50 billion USD and what’s more? This number is expected to touch 100 billion USD in 2008!!

Of the Top 50 Asian companies in the Forbes list 7 are from China, and India tops the list with 12! These 12 Indian companies are

  • Bharat Heavy Electricals
  • Bharti Airtel
  • Grasim Industries
  • HDFC Bank
  • ICICI Bank
  • Infosys Technologies
  • Larsen & Toubro
  • Reliance Industries
  • Satyam Computer Services
  • Tata Consultancy Services
  • Tata Steel
  • Wipro

Most of the above listed companies did not have to leave home to find success, India with a whopping market size of 1.1 billion is more than enough for any big company to make it to the top :)

Indian Oil Corporation, Reliance Industries Limited, Bharat Petroleum, HPCL, ONGC and State Bank of India are already on the global Fortune 500 List! Tata Steel is expected to join this list soon.

In other words, the Multi National Companies of the world in the future will be predominantly from India.

Watch the video below narrated by Amitabh Bacchhan in his majestic voice

  • http://pvjoshi.ca Prakash Joshi

    Pranam Gurudev,
    David Suzuki is an acclaimed scientist and and environmentalist. I had the opportunity to listen and video-tape his short speech on “Economy and Ecology”. My web-designer has just posted this on my web-site.  I have acquired necessary permission and would be glad to share with your viewers, hopefully they find it interesting.

    http://pvjoshi.ca/index.php?option=com_content&task=view&id=19&Itemid=36

    • http://www.hitxp.com Gurudev

      Pranam Prakash,
      That sums it up – ecology is the study of home and economy the managing of home. We need to manage our home planet Earth as if we manage our own home. Unfortunately that is not the case today with western consumeristic attitude where natural resources are viewed with a materialistic eye, accompanied by the religious sanctions that God created rest of nature for humans to enjoy!!
      The vedic way of life where respect for nature is inbuilt in the day today actions and culture is a ray of hope to have the environmental awareness inbuilt into the minds of growing kids so that they grow up understanding very well that we haven’t inheried the nature from our ancestors but have borrowed it from our future generations.
      It pains to see the mining mafia in India breakdown entire hills and pollute land and water looting the nature.
      Thanks again for the nice video.

  • http://NoWebsite Deepak Keshav Sahastrabuddhe

    ANTI TERRORISM !!!

    I the Oriental Chyren (Hindu Leader) who had experienced various events regarding the incidents as depicted by the French Astrologer-cum-clairvoyant, the Fortune Seer as you know the Fortune Teller, the famous French Astrologer Dr. Michael Nostradamus, who discuss about the Hindu Leader & wrote about him. & as relayed by Hindi News Channel for me as I am as per his predictions and I have experienced those events in my life as the HINDU LEADER
    Till date America desperately tried that India should not come up as super power with competition world wide. Not only this but other nations of the world also tried this but all in vain. The Islamic Jehadi terrorist devils Musharuff (The king of Terror) and Osama Bin Laden retaliated Jehad by 11/9 incident on World Trade Centre and reprimanded America about Jehad by terrorism which made Indias stunt to drive out & uproot terrorism through out the world tangible.
    The terror Demon Parvej Musharuff when ascended to power in Pakistan and after taking reins of Pakistan in his hands no sooner than 2 year passed the 11/9 incident took place and Parvej Musharaff was one of the Brain Behind Terror and so also Dr. Michael Nostradamus has depicted in his prediction about him as The king of Terror It is pertinent to note, I was the first to tell all on 24 & 25/01/2007 mentioning in my writings that Musharaffs power play of terrorisms will be danger and so it is today.
    It is therefore worth and being brought to discussion through this news channel & media, I am needed as the HINDU LEADER and INDIA is needed by America in the final stage of IIIrd World War as enemys. enemy is friend and as per this view I and my India will ever help America.
    Against Pakistan sponsored terrorist causing bomblast taking toll on numerous innocent lives of citizens , the State Government and also the Central Government failed to take stringent steps to eradicate terrorism & its roots and so terrorisms has grown vehemently stronger & so it is mercilessly needed the terrorists camps to be destroyed & ruined, but the present government finally plays, every policy for gaining VOTE BANK and consequently to be in continuous POWER PLAY, they do not act to kill terrorism permanently & so apprehension reins in Governments & so they need to be replaced by blessing of Goddesses Mahur, Ambejogai, Tuljapur blessed Power of India needs to be given in my hands to aim eradication & uproot terrorism out of world which I have aimed since April06 for that first I wrote to the Honble Prime Minister of India to permit The Shri Ram Janam Bhumi Trust to construct and build great monument of Lord Ram and with that their purpose, I observed Guru Charitra Penance(Parayan) from 14/08/06 to 27/08/2006. Therefore on 16/10/2006, I wrote to eradicate Pakistan sponsored terrorism through Indian Army, Navy & Air Force or else give power in my hands as like in the hands of Man of God (Angel). Time and again this I have mentioned in my writings & therefore on 07/05/2007 and on 09/07/2007 I have twice walked by footstep from Bhiwandi to Siddhivinayak temple, Prabhadevi, Mumbai, in protest of cruel & terror acts of terrorism and endavoured a lot to bring awareness against terrorism but in no vain and today awareness is a pay no need topic keeping negligible aware ness level against terrorism and so I m compelled to bring our this all before Media and TV channel, News channel to serve the first step towards eradication & uprooting terrorism.
    Since April 2006 I have come before the world with plea to uproot and end terrorism but really speaking I have commenced this task in 78/79 and with powers of God & Goddesses the happened incidents & events to occur in future are through me as the medium, HINDU LEADER and so I could not resist my desire then to observe penance & fast on every Thursday, and consequently I started visits to Aaudumbar, District Sangli a pious, holy sanctified, pure, blessed place of Datta the Lord for offering prayers & utsav & thereafter observed complete panance of Guru Charitraparayan with a resolution to study the holy hymns of Lord Datta since 28/04/2001 further 12 years all this events and incidents experienced by me and now being experienced are depicted in the compendium Centuries by Dr. Michael Nostradamus listening the inner urge within me to uproot terrorism I started my task in which I came across the compendium which fits me in descriptions.
    I appeal all men, society, Castes and creeds, countries and continents and finally the anti terrorism attitude in World to be with me to strike the dagger in the heart of terrorism the most destructive demon. The III rd World War has begun with Sunnis against Siahs, against Christaininty & I aware my entry on the stage of World war, as Hindu Leader to bring ultimate Justice in the Cosmic world as a Hindu. I favor no political party, but also, I m not against any one but I rely on public awareness to fight out & oust terrorism and to erradicate & uproot terrorism not only through Pakistan but all countries sponsoring nurturing terrorism to hoist Saffron Flag of Hinduism on my India to bring back the all expected Ramarajya, and I am born for that.
    Those conducting research on CENTURIES and Dr. Micheal Nastradamus note that no other person fits like me as the perfect Hindu Leader as described by the Great Seer, Greatest Clairvoyant of the World, and so everyone to note & be aware, I the Hindu Leader bring out this facts before the World through media news channel and TV channel.
    And finally to verify & testify, I the Hindu Leader urge America to be precautious in near further as destructive danger from Pakistan Iran and Saudi Arabia, which America will experience soon, be aware of terrorism which most destructive demon is creeping in our neighburhood and finally to take toll on you the innocent you!

    Postal Address:
    Deepak Keshav Sashstrabuddhe
    Shridevi Appartment, 3rd Floor, Block No.7,
    Awing, NearBhiwandi Talkies, Brahmin Alley,
    Bhiwandi, Dist. Thane, Maharashtra,
    India – 421 302

    Mobile No. : 9975139448

    Email: deepaksahastrabuddhe@gmail.com

    I am sending information about my work against Anti Terrorism and in you are call or meet me then you will come with translator.Contact me

  • http://NoWebsite Deepak Keshav Sahastrabuddhe

    ANTI TERRORISM !!!

    I the Oriental Chyren (Hindu Leader) who had experienced various events regarding the incidents as depicted by the French Astrologer-cum-clairvoyant, the Fortune Seer as you know the Fortune Teller, the famous French Astrologer Dr. Michael Nostradamus, who discuss about the Hindu Leader & wrote about him. & as relayed by Hindi News Channel Aaj Tak & Discovery Channal dated 22/12/07. for me as I am as per his predictions and I have experienced those events in my life as the HINDU LEADER
    Till date America desperately tried that India should not come up as super power with competition world wide. Not only this but other nations of the world also tried this but all in vain. The Islamic Jehadi terrorist devils Musharuff (The king of Terror) and Osama Bin Laden retaliated Jehad by 11/9 incident on World Trade Centre and reprimanded America about Jehad by terrorism which made Indias stunt to drive out & uproot terrorism through out the world tangible.
    The terror Demon Parvej Musharuff when ascended to power in Pakistan and after taking reins of Pakistan in his hands no sooner than 2 year passed the 11/9 incident took place and Parvej Musharaff was one of the Brain Behind Terror and so also Dr. Michael Nostradamus has depicted in his prediction about him as The king of Terror It is pertinent to note, I was the first to tell all on 24 & 25/01/2007 mentioning in my writings that Musharaffs power play of terrorisms will be danger and so it is today.
    It is therefore worth and being brought to discussion through this news channel & media, I am needed as the HINDU LEADER and INDIA is needed by America in the final stage of IIIrd World War as enemys. enemy is friend and as per this view I and my India will ever help America.
    Against Pakistan sponsored terrorist causing bomblast taking toll on numerous innocent lives of citizens , the State Government and also the Central Government failed to take stringent steps to eradicate terrorism & its roots and so terrorisms has grown vehemently stronger & so it is mercilessly needed the terrorists camps to be destroyed & ruined, but the present government finally plays, every policy for gaining VOTE BANK and consequently to be in continuous POWER PLAY, they do not act to kill terrorism permanently & so apprehension reins in Governments & so they need to be replaced by blessing of Goddesses Mahur, Ambejogai, Tuljapur blessed Power of India needs to be given in my hands to aim eradication & uproot terrorism out of world which I have aimed since April06 for that first I wrote to the Honble Prime Minister of India to permit The Shri Ram Janam Bhumi Trust to construct and build great monument of Lord Ram and with that their purpose, I observed Guru Charitra Penance(Parayan) from 14/08/06 to 27/08/2006. Therefore on 16/10/2006, I wrote to eradicate Pakistan sponsored terrorism through Indian Army, Navy & Air Force or else give power in my hands as like in the hands of Man of God (Angel). Time and again this I have mentioned in my writings & therefore on 07/05/2007 and on 09/07/2007 I have twice walked by footstep from Bhiwandi to Siddhivinayak temple, Prabhadevi, Mumbai, in protest of cruel & terror acts of terrorism and endavoured a lot to bring awareness against terrorism but in no vain and today awareness is a pay no need topic keeping negligible aware ness level against terrorism and so I m compelled to bring our this all before Media and TV channel, News channel to serve the first step towards eradication & uprooting terrorism.
    Since April 2006 I have come before the world with plea to uproot and end terrorism but really speaking I have commenced this task in 78/79 and with powers of God & Goddesses the happened incidents & events to occur in future are through me as the medium, HINDU LEADER and so I could not resist my desire then to observe penance & fast on every Thursday, and consequently I started visits to Aaudumbar, District Sangli a pious, holy sanctified, pure, blessed place of Datta the Lord for offering prayers & utsav & thereafter observed complete panance of Guru Charitraparayan with a resolution to study the holy hymns of Lord Datta since 28/04/2001 further 12 years all this events and incidents experienced by me and now being experienced are depicted in the compendium Centuries by Dr. Michael Nostradamus listening the inner urge within me to uproot terrorism I started my task in which I came across the compendium which fits me in descriptions.
    I appeal all men, society, Castes and creeds, countries and continents and finally the anti terrorism attitude in World to be with me to strike the dagger in the heart of terrorism the most destructive demon. The III rd World War has begun with Sunnis against Siahs, against Christaininty & I aware my entry on the stage of World war, as Hindu Leader to bring ultimate Justice in the Cosmic world as a Hindu. I favor no political party, but also, I m not against any one but I rely on public awareness to fight out & oust terrorism and to erradicate & uproot terrorism not only through Pakistan but all countries sponsoring nurturing terrorism to hoist Saffron Flag of Hinduism on my India to bring back the all expected Ramarajya, and I am born for that.
    Those conducting research on CENTURIES and Dr. Micheal Nastradamus note that no other person fits like me as the perfect Hindu Leader as described by the Great Seer, Greatest Clairvoyant of the World, and so everyone to note & be aware, I the Hindu Leader bring out this facts before the World through media news channel and TV channel.
    And finally to verify & testify, I the Hindu Leader urge America to be precautious in near further as destructive danger from Pakistan Iran and Saudi Arabia, which America will experience soon, be aware of terrorism which most destructive demon is creeping in our neighburhood and finally to take toll on you the innocent you!

    Postal Address:
    Deepak Keshav Sashstrabuddhe
    Shridevi Appartment, 3rd Floor, Block No.7,
    Awing, NearBhiwandi Talkies, Brahmin Alley,
    Bhiwandi, Dist. Thane, Maharashtra,
    India – 421 302

    Mobile No. : 9975139448 (IND(A)

    Email: deepaksahastrabuddhe@gmail.com

    I am sending information about my work against Anti Terrorism and in you are call or meet me then you will come with translator.you received then contact me

  • http://NoWebsite Deepak Keshav Sahastrabuddhe

    ANTI TERRORISM !!!

    I the Oriental Chyren (Hindu Leader) who had experienced various events regarding the incidents as depicted by the French Astrologer-cum-clairvoyant, the Fortune Seer as you know the Fortune Teller, the famous French Astrologer Dr. Michael Nostradamus, who discuss about the Hindu Leader & wrote about him. & as relayed by Hindi News Channel Aaj Tak & Discovery Channal dated 22/12/07. for me as I am as per his predictions and I have experienced those events in my life as the HINDU LEADER
    Till date America desperately tried that India should not come up as super power with competition world wide. Not only this but other nations of the world also tried this but all in vain. The Islamic Jehadi terrorist devils Musharuff (The king of Terror) and Osama Bin Laden retaliated Jehad by 11/9 incident on World Trade Centre and reprimanded America about Jehad by terrorism which made Indias stunt to drive out & uproot terrorism through out the world tangible.
    The terror Demon Parvej Musharuff when ascended to power in Pakistan and after taking reins of Pakistan in his hands no sooner than 2 year passed the 11/9 incident took place and Parvej Musharaff was one of the Brain Behind Terror and so also Dr. Michael Nostradamus has depicted in his prediction about him as The king of Terror It is pertinent to note, I was the first to tell all on 24 & 25/01/2007 mentioning in my writings that Musharaffs power play of terrorisms will be danger and so it is today.
    It is therefore worth and being brought to discussion through this news channel & media, I am needed as the HINDU LEADER and INDIA is needed by America in the final stage of IIIrd World War as enemys. enemy is friend and as per this view I and my India will ever help America.
    Against Pakistan sponsored terrorist causing bomblast taking toll on numerous innocent lives of citizens , the State Government and also the Central Government failed to take stringent steps to eradicate terrorism & its roots and so terrorisms has grown vehemently stronger & so it is mercilessly needed the terrorists camps to be destroyed & ruined, but the present government finally plays, every policy for gaining VOTE BANK and consequently to be in continuous POWER PLAY, they do not act to kill terrorism permanently & so apprehension reins in Governments & so they need to be replaced by blessing of Goddesses Mahur, Ambejogai, Tuljapur blessed Power of India needs to be given in my hands to aim eradication & uproot terrorism out of world which I have aimed since April06 for that first I wrote to the Honble Prime Minister of India to permit The Shri Ram Janam Bhumi Trust to construct and build great monument of Lord Ram and with that their purpose, I observed Guru Charitra Penance(Parayan) from 14/08/06 to 27/08/2006. Therefore on 16/10/2006, I wrote to eradicate Pakistan sponsored terrorism through Indian Army, Navy & Air Force or else give power in my hands as like in the hands of Man of God (Angel). Time and again this I have mentioned in my writings & therefore on 07/05/2007 and on 09/07/2007 I have twice walked by footstep from Bhiwandi to Siddhivinayak temple, Prabhadevi, Mumbai, in protest of cruel & terror acts of terrorism and endavoured a lot to bring awareness against terrorism but in no vain and today awareness is a pay no need topic keeping negligible aware ness level against terrorism and so I m compelled to bring our this all before Media and TV channel, News channel to serve the first step towards eradication & uprooting terrorism.
    Since April 2006 I have come before the world with plea to uproot and end terrorism but really speaking I have commenced this task in 78/79 and with powers of God & Goddesses the happened incidents & events to occur in future are through me as the medium, HINDU LEADER and so I could not resist my desire then to observe penance & fast on every Thursday, and consequently I started visits to Aaudumbar, District Sangli a pious, holy sanctified, pure, blessed place of Datta the Lord for offering prayers & utsav & thereafter observed complete panance of Guru Charitraparayan with a resolution to study the holy hymns of Lord Datta since 28/04/2001 further 12 years all this events and incidents experienced by me and now being experienced are depicted in the compendium Centuries by Dr. Michael Nostradamus listening the inner urge within me to uproot terrorism I started my task in which I came across the compendium which fits me in descriptions.
    I appeal all men, society, Castes and creeds, countries and continents and finally the anti terrorism attitude in World to be with me to strike the dagger in the heart of terrorism the most destructive demon. The III rd World War has begun with Sunnis against Siahs, against Christaininty & I aware my entry on the stage of World war, as Hindu Leader to bring ultimate Justice in the Cosmic world as a Hindu. I favor no political party, but also, I m not against any one but I rely on public awareness to fight out & oust terrorism and to erradicate & uproot terrorism not only through Pakistan but all countries sponsoring nurturing terrorism to hoist Saffron Flag of Hinduism on my India to bring back the all expected Ramarajya, and I am born for that.
    Those conducting research on CENTURIES and Dr. Micheal Nastradamus note that no other person fits like me as the perfect Hindu Leader as described by the Great Seer, Greatest Clairvoyant of the World, and so everyone to note & be aware, I the Hindu Leader bring out this facts before the World through media news channel and TV channel.
    And finally to verify & testify, I the Hindu Leader urge America to be precautious in near further as destructive danger from Pakistan Iran and Saudi Arabia, which America will experience soon, be aware of terrorism which most destructive demon is creeping in our neighburhood and finally to take toll on you the innocent you!

    Postal Address:
    Deepak Keshav Sashstrabuddhe
    Shridevi Appartment, 3rd Floor, Block No.7,
    Awing, NearBhiwandi Talkies, Brahmin Alley,
    Bhiwandi, Dist. Thane, Maharashtra,
    India – 421 302

    Mobile No. : 9975139448 (INDIA)

    Email: deepaksahastrabuddhe@gmail.com

    I am sending information about my work against Anti Terrorism and in you are call or meet me then you will come with translator.If you received this then reply message sent to me

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  • http://www.hitxp.com/ Gurudev

    Thanks a lot Trond for your wishes :)

    Yes, we have to preserve, do research and improvise on all the cultural heritage, ancient scientific knowledge, etc. which our ancients have left for us.

    And this has to be done not only in India but all across the globe.

    Yes, Ayurveda is a natural medical system based purely on herbal products and has absolutely no side effects. There are no concepts like pain killers in Ayurveda because it doesnt offer any temporary solutions.
    A combination of Yoga and Ayurveda promises a healthy body and mind free of all ailments. Ayurveda is not just about medicines but also about food habits.

    The Ayurvedic body massage service offered in the south Indian state of Kerala is a MUST for any human who wants to experience heaven on earth. I had it once when I had been to Kerala and the kind of relaxation and pleasure one gets after this great herbal massage can only be experienced and not explained. A great massage followed by a great herbal based hot water bath, simply makes you float in heaven.

    A friend of mine had the sinus problem which continued to bother her inspite of undergoing a long term western medication. Then once when I had been to Kerala I got her this ayurvedic nose drops, and within 2 months she got rid of the sinus problem!
    Another friend had difficulty in breathing and I suggested him to try out the tasty ayurvedic product Pankaja Kasturi, a herbal based sweet powder which one can eat just like that or can have it with milk, and on the very first day he said he was feeling much much better!!

  • Trond Ruud

    Congratulations on how India’s economy is soaring. I especially noted the acquisition of Daewoo Electronics Corp., since I have been especially satisfied with the quality, durability and stability of my Daewoo electronic equipment.

    And bon voyage to the moon.

    Hope your country will use some of its new wealth on archeology, and further studies of your great, ancient, vedic culture, as well as on ayurvedic medicine with which I have had some personal very good experience, but have been unable to get my doctor interested in, due to a lack of documentation in a form he can understand, and have medically confirmed, over here.