M&As are one route to win this war. “M&As are a phenomenon that are here to stay and we can only take advantage of it if we are smart”, added Mr. Munjal.
Mr. P.Billimoria, Esq, highlighted the 2 key drivers for M&As as capital account convertibility and retail sector. If these two are in place and the regulatory framework is transformed, then the future for India is very bright, he said.
Various issues related to making M&As successful in India were discussed at the day long conclave organized by CII. These include the very important and critical issue of managing the Human Resource aspect, the changes in FDI regulations and leveraged buy outs.
Dr. Sarita Nagpal, Head Manufacturing Services Division, CII, said “M&A's have acquired a strategic importance for India's manufacturing sector across size and industry. According to a recent CII NMCC Survey, 42% of the respondents consider M&A's as an outside factor impacting their businesses overtaking technology”.
However, what is important for the SMEs to grow is to build an internal uniqueness and competitiveness. This is what will enable them to become global leaders, we do not have to be no. 1 in size, we have to be the only one having a certain uniqueness in our value proposition” added Dr. Nagpal.
Confederation of Indian Industry
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