Automobiles

In 1953, the government of India and the Indian private sector initiated manufacturing processes to help develop the automobile industry, which had emerged by the 1940s in a nascent form. Between 1970 to the economic liberalization of 1991, the automobile industry continued to grow at a slow pace due to the many government restrictions. A number of Indian manufactures appeared between 1970-1980. Japanese manufacturers entered the Indian market ultimately leading to the establishment of Maruti Udyog. A number of foreign firms initiated joint ventures with Indian companies.

Mergers and Acquisitions have emerged as a natural process of business restructuring throughout the world. In India, the early mergers and acquisitions were arranged either by government agencies or by financial institutions within the framework of a regulated regime. However, since 1991, Indian industries have been increasingly exposed to both domestic and international competition. This has forced the Indian corporate sector to restructure and reengineer to be competitive. Mergers and Acquisitions have been resorted to by many companies as a strategic choice to restructure their businesses. India in recent times has taken big leaps in the field of Mergers and Acquisitions and the aggression of Indian firms going for M&As have been quite noticeable. The objective of the summit is to analyze and understand the trends of mergers and acquisitions across different sectors of Indian Industries and to examine the impact of mergers and acquisitions on both the performance of companies and the economy-what effect it has on share price behaviour and shareholder wealth. The summit also aims to bring out various post M&A integration aspects that companies face after a successful M&A deal.

Newspapers are abuzz with speculation. India is emerging a vibrant player in the world of mergers and acquisitions (M&A). Not long ago, Mr Lakshmi Mittal acquired Arcelor, and with Tata Steel’s bid for the Corus group having gone through, Tata Steel has become the world’s fifth largest producer of steel. Tata Group companies and many other companies in the information technology, pharmaceutical and banking sectors have made a host of other acquisitions. Could anybody have imagined such a showing by Indian entrepreneurs even a few years ago?

In many areas, India is slowly but surely emerging at the top. A leader in Information Technology, India was designated the third most attractive research and development centre in the world by UNCTAD (United Nations Conference on Trade and Development) in its World Investment Report (WIR), 2005. India is also the biggest foreign investor in the UK, outpacing even the US.