IndoCarib
ELITE MEMBER
- Joined
- Jul 12, 2011
- Messages
- 10,784
- Reaction score
- -14
- Country
- Location
For Indian entrepreneurs, the grass is greener across the border. Data from Reserve Bank of India showed that Indian companies invested $43.9 billion overseas in 2010 to expand their empires, compared with just $18 billion a year earlier. But the most startling fact is this--Indian companies overtook their Chinese counterparts in buying minerals in 2010! They invested $4.64 billion in acquiring mines while the Chinese spent $4.45 billion. The thirst has become larger this year, with Indian businessmen investing $13.3 billion overseas in the first four months alone of this financial year.
These examples of overseas acquisitions (until September 2011) prove that the search for minerals dominated Indian investments abroad this year too. We are also buying hospitals, hedge funds and brokerages.
Australia Emerged as a Favorite Destination
1. Lanco Infratech acquired Griffin Coal for A$730 million.
2. Adani Group acquires Australias Abbot Port for A$1.8 billion.
3. GVK acquired Hancock Coal and Infra of Australia for A$1.21 billion.
And Africa Remains a Favorite
1. Essar Steel acquires Zimbabwe Iron and Steel Company (ZISCO) with a commitment to invest $750 million.
2. Religare Capital Markets acquires majority stake in South African broking firm Noah Financial Innovation.
3. Godrej Consumer Products acquires 51% stake in a leading pan-African hair care company, Darling Group Holdings, for over Rs 500 crore.
Most acquisitions were for minerals or to create infrastructure to move the resources. The search for coal, ore and other natural resources took Indian entrepreneurs to diverse regions.
1. Jindal Poly Films acquired coal block in Mozambique.
2. GMR Energy Ltd, flagship company for the GMR Group, acquired 30% equity stake in PT Golden Energy Mines Tbk (GEMS), a Sinar Mas Group company in Indonesia for $450-$550 million.
3. Sesa Goa acquired 51% stake in iron ore miner Western Cluster of Liberia, Africa.
4. ArcelorMittal acquired Kokerei Prosper, the German coke producer.
5. Essar Oil Acquired Stanlow Refinery and Associated Local Marketing Business from Royal Dutch Shell for $1.2 billion.
6. Tata Chemicals acquired U.S.-based potash miner EPM Mining Ventures for an undisclosed sum.
Other acquisitions were a motley crowd from hospitals and carbon black to software and agrochemicals. One thing is for sure, Indian entrepreneurs are on the prowl.
India Invests Abroad - Forbes.com
These examples of overseas acquisitions (until September 2011) prove that the search for minerals dominated Indian investments abroad this year too. We are also buying hospitals, hedge funds and brokerages.
Australia Emerged as a Favorite Destination
1. Lanco Infratech acquired Griffin Coal for A$730 million.
2. Adani Group acquires Australias Abbot Port for A$1.8 billion.
3. GVK acquired Hancock Coal and Infra of Australia for A$1.21 billion.
And Africa Remains a Favorite
1. Essar Steel acquires Zimbabwe Iron and Steel Company (ZISCO) with a commitment to invest $750 million.
2. Religare Capital Markets acquires majority stake in South African broking firm Noah Financial Innovation.
3. Godrej Consumer Products acquires 51% stake in a leading pan-African hair care company, Darling Group Holdings, for over Rs 500 crore.
Most acquisitions were for minerals or to create infrastructure to move the resources. The search for coal, ore and other natural resources took Indian entrepreneurs to diverse regions.
1. Jindal Poly Films acquired coal block in Mozambique.
2. GMR Energy Ltd, flagship company for the GMR Group, acquired 30% equity stake in PT Golden Energy Mines Tbk (GEMS), a Sinar Mas Group company in Indonesia for $450-$550 million.
3. Sesa Goa acquired 51% stake in iron ore miner Western Cluster of Liberia, Africa.
4. ArcelorMittal acquired Kokerei Prosper, the German coke producer.
5. Essar Oil Acquired Stanlow Refinery and Associated Local Marketing Business from Royal Dutch Shell for $1.2 billion.
6. Tata Chemicals acquired U.S.-based potash miner EPM Mining Ventures for an undisclosed sum.
Other acquisitions were a motley crowd from hospitals and carbon black to software and agrochemicals. One thing is for sure, Indian entrepreneurs are on the prowl.
India Invests Abroad - Forbes.com