Every day, I write about the foreign companies coming to India and investing and making acquisitions. So, today, it is like a welcome break for me to report you about the initiatives to Indian companies to buy firms in UK and USA. In 2005, Indian companies spent 228 million pounds to buy 8 British firms and 183 million pounds for buying some firms in USA. It shows that Indian companies are coming of age and they are gradually trying to become international companies in true sense. UK market is becoming an attractive market for Indian companies because of the fact that South Asian people (Bangladesh, India, and Pakistan) form the largest minority in UK and the market potential is literally endless.
80 million pound acquisition of Premier Foods' Typhoo tea brand by Apeejay International created a lot of interest in the media both in UK and India. I am sure that this kind of acquisition will become more regular affair in the coming days. I would like to see Indian companies acquiring in the food sector more as South Asians have already created a strong hold. In USA, I think that Indian companies should go for Information Technology related firms.
Do you agree with me? Do you have any other sector in mind?
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