Tatas’ buyout of Corus is not just a momentous occasion in Indian corporate history, it is turning out to be the tipping point for the country foreign investment statistics. With the Tata deal, the current fiscal may see FDI outflows overtaking inflows for the first time. Going by the data for 2006, Indian companies have so far announced over 130 acquisitions overseas, which are estimated to be worth nearly US$ 19 billion. In comparison, acquisitions announced by foreign companies in India were estimated at US$ 9 billion. in this issue of the newsletter, IBEF looks at a Crisil report, "Creating the Indian MNC", which throws light on outbound investments from India.
Responding to the increased attention on India, the India Brand Equity Foundation has created presentations on Media and Entertainment, Biotechnology, Automotive, Healthcare,Information Technology, Information Technology enabled Services, Machine Tools, Manufacturing, Oil and Gas, Pharmaceuticals, Power, Telecommunications and Textiles.