Several companies in India are trying to joint ventures (JV) or are creating investments abroad to increase their global footprints. Companies in India like Adani Enterprises, has bought an Australian coal asset of Linc Energy in a money and royalty deal price US $2.7 billion (Rs 12,500 crore). Indian Companies take marked their presence worldwide.
The telecom industry in India is experiencing a push with more and more mobile telephone companies venturing into the indigenization effort by bringing global component vendors to set shop in India. The move is a component of a method to create India a global manufacturing hub for mobile phones, instead of simply undertake their assembly. The telecom sector extra received an impetus with Pune-primarily based anti-virus solution supplier, Quick Heal Technologies Pvt Ltd launching it's 'PC2Mobile Scan', which offers for pathogen-scan of mobile phones by connecting them to a PC or a laptop.
Furthermore, information technology (IT) service providers, Cognizant, Infosys and Tata Consultancy Services (TCS) have topped the newest ranking of service suppliers in Europe, in a survey done by EquaTerra, an IT advisory service supplier. Pharmaceutical Companies in India take too raised their penetration in the US generic market. Companies in India like Glenmark, Lupin Pharmaceuticals, Zydus Cadila, Aurobindo, and Torrent Pharma have increased their ranking in US generic market, as per the info released by IMS Health, a global market investigate agency.
Following the same the web of thought, the immediate moving consumer brilliant (FMCG) firms also are too foraying into acquisitions to increase their global footprints. The FMCG, Marico Limited has acquired the over-the-counter healthcare brand, Ingwe at an estimated investment of Rs 10 crore (US$ 2.14 million) through its subsidiary, Marico South Africa (MSA).
Likewise, the FMCG company, Dabur India Ltd has announced a US$ 69 million acquisition of Turkish personal care products company Hobi Kozemtik Group. The acquisition of Hobi Kozmetik is in line with Dabur's strategy to aggressively expand its scale of operations and strengthen its presence in the FMCG space across the globe. Looking forward the FMCG concern, Godrej Hershey, a 51:49 joint venture between the Godrej Group and American chocolate maker Hershey's, programs to roll out a couple of the key brands from abroad - Kisses, Reese's and Hershey's Chocolate - in the country.
The science and technology in India may witness an vital development with Indian Space Analyze Organization (ISRO) planning to launch SARAL by 2011, a satellite to monitor sea water levels made in collaboration with the French National Space Agency. Furthermore, Best Aerospace Companies in India has launched the final operational phase of the Global Positioning System (GPS) Aided Geo Augmented Navigation technique (GAGAN) to further boost the science and technology sector.
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