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Monday, April 27, 2015
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India is emerging as managerial number one in the world.
In 2009 Indian companies have raised billions from global markets, to finance foreign takeovers, and internal
expansion. This far exceeded the inflow of foreign direct
investment [around $10 billion].
This is the real revolution of 2006, India as left
behind the stage of being seen as global suppliers of
soft ware, generic drugs and auto components. It is now
seen as a global managerial power, one that can take over
multinationals across the world and improve their
performance. So, global financiers are tripping over
one another to fund foreign acquisitions by Indian
companies.
The world now believes that Indian are excellent managers,
better than those in several American and European countries
Hundreds of Indian companies have become MNCs with growing
empires.
Day is not far, when ICIC Bank takes over Citibank, when
Infosys acquired IBM, when Reliance takes over Exxon; and
Tata Motors take over General Motors, and of course Times
of India should take over the New York Times.
Best Wishes,
sunder.thadani
20150427.
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