Cash-Rich Indian Companies On Prowl for Bigger Acquisitions in Europe
Birmingham Post › August 14, 2007
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Summary
Indian software and services companies are on the prowl for overseas acquisitions - especially in Europe - as a stronger rupee and a skills shortage cramp their style at home. Aided by large market capitalisations and huge cash piles, firms such as Infosys Technologies and Wipro are looking to strengthen their marketing muscle and add large clients in new regions as the outsourcing trend gathers pace beyond its English-speaking core market.
Indian IT services companies rode the first wave of outsourcing growth, helped by a large pool of English-speaking recruits and low wage costs.See the full content of this document
Extract
Cash-Rich Indian Companies On Prowl for Bigger Acquisitions in Europe
But growth is slowing, because the rupee has risen nearly seven per cent against the dollar in the June quarter, and wages are soaring as firms struggle to find skilled staff.
Europe now has the strongest...See the full content of this document
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