Emergence of Indian MNCs
Year 2006 will probably known as the year when Indian businesses & Indian businessmen emerged on the global map. India’s emergence in the global business arena has been driven mainly by acquisitions and mergers. In January 2006, Lakshmi Mittal CEO of Mittal Steel launched a hostile takeover bid for Arcelor - which was completed by July 2006. On similar lines, Tata Steel went abroad with acquisition of NatSteel in Singapore and Corus Steel in the UK.

Notable cross-border acquisitions

Some of the Notable cross-border acquisitions in the year 2006 are:

1. Videocon Industries buying Daewoo Electronics - $731 Million
2. Dr Reddy Labs acquires Betapharm Arzneimittel - $572 Million
3. Ballarpur Industries buys Sabah Forest Industries - $261 Million
4. Ranbaxy Labs acquisition of Terapia - $324 Million
5. Suzlon Energy buys Hansen Transmission - $565 Million

In total, Indian firms spent $15.72 billion in 192 overseas acquisitions.......

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Title: Emeregence Of Indian Mnc's
Approximate Word Count: 2059
Approximate Pages: 9 (250 words per double-spaced page)

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