All Steeled: Corus Cool To Tata Takeover

This is the biggest takeover by any Indian company ever. This move will make Tata Steel the 5th largest steel maker in the world. So it will make Tata Steel a global brand. This is a good sign for Indian MNCs. Indian companies are now accepted by the Western Countries as they have proved themselves as the qualified and efficient companies.Another reason for the success of Indian companies is there strong Corporate Governance. In Corus bid Tata had to compete with Russian companies. The strong corporate governance of the company fetches the bid to Tata.

This will give confidence to other companies who are looking for acquisition in Europe. Indian Pharma companies are expanding themselves in Europe. This is going to increase the trade between India and Europe.Now China is the highest buyer of steel in the world because of the infrastructure development in the country. So the next is the turn of India. So it is better for economic point of view that Indian companies equip themselves to fulfill the demand going to be created in the near future.

This is the result of globalization. As we are gaining from the effect of globalization we should open to loose from globalization. We may have sell some of our companies to foreigners if their bid is attractive and they are efficient. In the era globalization we can not stop anyone to enter and operate in our country. So when we are cheering for the successful acquisition by Indian company, we have to prepare ourselves not to oppose in the case of acquisition of Indian company.