Trends and Patterns of Overseas Acquisitions by Indian Multinationals

This study deals with the recent phenomena of rising overseas acquisitions undertaken by Indian multinationals. It studies the trends, patterns and locational determinants of Indian overseas acquisitions. Hitherto largely preoccupied with greenfield OFDI since the early 1960s, this study shows that Indian multinationals have increasingly started adopting acquisition as a global growth strategy to serve a variety of their firm‐specific objectives like accessing new markets, foreign strategic assets, and trade‐supporting infrastructure. As part of the locational analysis, a set of factors such as host country market, skill endowment and import intensity from India, came out to be important cross‐country pull factors for Indian overseas acquisitions.