India is the second largest FDI Invester in UK just behind USA. India recorded the largest number of merger deals in 2007-2008 record mergers and acquisitions valued at over $65 billion. Tata Moters paid 1-billion pound bid to to clinch Jaguar-Land Rover deal accepted by Ford. Tata group, paid $11.1 billion to acquire Anglo-Dutch steel maker Corus Birla Hindalco Group paid $6 billion that to acquire Canadian aluminium products manufacturer Novelis The two (steel and telecom) garnered $14.9 billion and $11.3 billion worth of deals. Essars acquired Canadian firm Algoma Steel for $1.55 billion. Tata power sector bought significant stakes in two Indonesian groups, PT Kaltim Prima Coal and PT Arutmin Indonesia, for $1.1 billion. Vijay Mallya-led United Spirits bought Scotch whisky distiller Whyte and Mackay for $1.18 billion. Suzlon Energy has taken over the German firm Repower Systems for $1.7 billion. Mergers and acquisition deals in India during 2007 was $68.32 billion, up 143 over last years $28.16 billion. Reliance group made two major global acquisitions Trevira Gmbh Co KG, a German specialty polyester firm in 2003 and FLAG Telecom Ltd in 2004. Reliance Entertainment ADA Group invested $600 million in Spielberg's DreamWorks SKG.
