Last week I had the opportunity to participate as a speaker at the India Inc. Global Investors’ Conclave held at Latimer House in Buckinghamshire, UK. It was a power-packed two day residential retreat, attended by some of the leading authorities in the India-UK and India-global channel.
In the panel session that I contributed to on Indian Multinationals and Global Innovators, I discussed patterns in the acquisitive strategy of Indian multinationals, including the aspects that they typically prioritise when evaluating a potential overseas acquisition or joint venture. I addressed the importance of synergy value and the emphasis that Indian multinationals typically place on their ability to contribute to the entity concerned. This approach has evolved over the years as Indian multinationals have become more discerning with respect to their strategy from an international perspective.
In the context of the UK and India, I addressed the very high value placed on specialist skills and technologies in sectors such as engineering and construction and how this has attracted strategic investments by Indian multinationals that often find the “best in class” available in the UK. This presents a key opportunity for collaboration between the UK and India and should be leveraged by both countries for mutual benefit.
Today I find that Indian multinationals are a key influencer in the global business dynamic. By adopting a holistic approach, they have demonstrated success in transforming investee businesses around the world and I am confident that they will continue to build upon this in their international initiatives.