Having rung in the New Year with two major acquisitions in the metals space, India Inc is set to execute more such deals, albeit in automotive, pharma and IT sectors, with companies in Europe being the targets. “European pharmaceutical, automotive and IT services companies will be prime targets for takeovers in the next year. Indian companies in these sectors have reached critical mass and are set for lift off,” IndusView, an India-focused cross-border advisory firm, said. It said that India Inc’s global expansion, particularly in Europe this year, is expected in the backdrop of growth projections for pharma and IT industries, which are set to cross over $27.5 billion. The growth in automotive sector could be doubled to $18.7 billion by 2009, analysts say.
