#India & The World, #December 2017
Indian Prime Minister Narendra Modi made a series of strategic visits during the year, including State Visits across Europe, the US and Israel. This snapshot of his official tours around the world captures the diplomatic strides made by India in 2017 and the regions of focus for 2018. His External Affairs Minister, Sushma Swaraj, was also part of this diplomatic agenda, as was Indian President Ram Nath Kovind.
#February 2017, #Sector Focus/Pharma
Some of India’s leading pharmaceutical majors made their mark with acquisitions in recent months.
Aurobindo Pharma buys Portugal firm
Aurobindo PharmaceuticalsAurobindo Pharma has announced the acquisition of Portugal’s Generis Farmaceutica SA.
The Hyderabad-based company said a definitive agreement was signed by its step-down subsidiary, Agile Pharma, Netherlands. The acquisition will be from Magnum Capital Partners for an all-cash deal, the company said.
It will include a manufacturing facility in Amadora, Portugal, which has the capacity to produce 1.2 billion tablets or capsules annually. After the acquisition, the Aurobindo Group will be the largest in the generic pharmaceutical market in Portugal, with a portfolio of 271 generic products.
Generis has a wide portfolio of products, with a major share in therapeutic areas such as cardiovascular, central nervous system, anti-infective, and the genitourinary system.
Aurobindo expects to complete the deal by next month, after the Portuguese Competition authorities clear the deal.
#2016, #Yearend 2016, #World View
Russia remains India’s largest supplier of defence and strategic equipment. It is important the relationship strengthens in other areas too to avoid a slow burnout.
The Russian Ambassador to New Delhi said all the right things. Russia, he insisted, remained India’s BFF (best friend forever for the uninitiated) despite its recent flirtation with Pakistan. But it will take a lot more than mere protestations of undying love to convince New Delhi that its ties with Moscow are still what they were at the peak of the Indo-Soviet romance during the Cold War.
#EMERGING MARKETS, #October 2017
The Netherlands, Singapore and Mauritius have emerged as leading destinations for outbound Indian FDI. The attractions are benign tax laws, ease of doing business, easy access to international markets and robust regulatory frameworks.
The two top destinations for outward foreign direct investments (FDI) from India are Mauritius and Singapore. Three more tax havens – Jersey, Switzerland and British Virgin Islands – also figure in the list of Top 10 outward destinations. These jurisdictions are obviously bases from which the investments are routed to their ultimate destinations where actual physical assets and IPRs are located.