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.
RE:economic superpowers soon
by Harish Manwani on Jun 24, 2008 06:48 PM Permalink
India's infant mortality rate is comparable to that of sub-Saharan Africa. India's literacy rate is amongst the lowest in Asia. India's roads are amongst the worst in the world. Indian cities are unhygienic cesspools of filth and degradation. India's business capital Mumbai is a city full of slums. India's metropolitan cities do not have uninterrupted power supply. A large number of India's political leaders have criminal records. Castes and classes in India fight to be classified 'backward'. Half of the places in India's premier institutes are allotted purely on the basis of caste. India does not have the spine to stand up to China's bullying. Superpower? Good joke.
RE:economic superpowers soon
by Secular India on Jun 25, 2008 10:45 AM Permalink
True - India is the only country where traitors owing allegiance to a foriegn country ( Left and China ) are allowed to even exist. Perhaps the only country where foreign policy is held to ransom by an aggressive minority. and that a powerful group uses violence to call itself backward and tribal !!
RE:economic superpowers soon
by Vishy on Jun 24, 2008 08:25 PM Permalink
ooooooooh too much to digest. Harish although I agree with you on this, I feel pessimism will keep us as we are today. I am not giving some kinda theory, i just feel too much myopic view will take us nowhere. Lets strike balance with u and longa
RE:economic superpowers soon
by raj on Jun 25, 2008 08:46 AM Permalink
According to me longa's view is a Optimistic thinking and Harish view is Pessimistic thinking person.
RE:RE:economic superpowers soon
by Secular India on Jun 25, 2008 10:48 AM Permalink
I wish I was as optimistic as Loga . The inflated stock market made people believe that India is better than America and that we are on verge of ruling it. The oil and commodities shock has brought us back to earth for what we are - a poor , badly governed , fourth world country which has ignored its poor and is one verge of infrastructural and environmental collapse.
RE:economic superpowers soon
by shalin tongia on Jun 25, 2008 11:03 AM Permalink
I want to ask you one question Harish, what have you done to make India a better country? If nothing then stop creeping and shut your mouth. According to me in all the bad conditions still india is growing and becoming threat to the world.
RE:economic superpowers soon
by Redif is great on Jun 26, 2008 01:44 PM Permalink
wat u have done to ur country .. dumbo watever he said is reality . n if u don't know abt these things u r not entitled to talk about Indian becoming the superpower in future ..
