Multinational Enterprises and M&as in India

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RIS DP# 5-2000

Multinational Enterprises and M&As in India:

Patterns and Implications

Nagesh Kumar

Version: 1.1

June 2000

Published in

Economic and Political Weekly, 35, 5 August 2000: 2851-8

Research and Information System for Non-aligned and other Developing Countries,

Zone 4B, Fourth Floor, India Habitat Centre, Lodi Road, New Delhi-11003, India

Phone: 468 2175; Fax: 468 2173;

email: nagesh@del6.vsnl.net.in

This paper is a part of a larger ongoing work on investment and competition policy at

the Research and Information System for Developing Countries, New Delhi. An

earlier version was presented at the Workshop on Cross-border M&As and Sustained

Competitiveness in Asia organized by UNCTAD in Bangkok on 9-10 March 2000. I

have benefited from discussions with Dr V.R. Panchamukhi and from the comments

of participants. Dr. P.L. Beena helped in preparation of the dataset for this paper. The

usual disclaimer applies.

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Multinational Enterprises and M&As in India:

Patterns and Implications

1. Introduction

Mergers and acquisitions (M&As) have become increasingly important