2011 Summary can be downloaded HERE - FT Live
2011 Summary can be downloaded HERE - FT Live
2011 Summary can be downloaded HERE - FT Live
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Session Takeaways<br />
18<br />
With a fast growing economy and stronger balance sheets, Indian Corporates are looking at inorganic<br />
growth to move up the value chain, access new markets and acquire technologies<br />
As Indian companies have <strong>be</strong>en able to attract high quality foreign capital, the credibility of Indian<br />
companies has signifi<strong>can</strong>tly improved, resulting in <strong>be</strong>tter Merger & Acquisition (M&A) prospects<br />
To meet the global aspirations of Indian Corporates, the Indian banking sector needs to gear up and also<br />
increase its presence in foreign countries<br />
Experiences of large foreign banks show that physical presence in all countries may not <strong>be</strong> the most feasible<br />
solution, and strategic alliances are <strong>be</strong>tter suited for certain markets. Many Indian banks have taken this<br />
route by entering into strategic alliances with key local players in the foreign markets<br />
Extensive due diligence and ensuring a cultural fit leads to Indian companies <strong>be</strong>ing relatively more<br />
successful in M&As<br />
There is higher trust <strong>be</strong>tween companies of economies with similar culture and good trade relationships,<br />
which leads to long term successful strategic alliances
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