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February 26th, 2007
Budget '07 To Boost Cross-Border M&As: IndusView
If the sops proposed in the recently announced semiconductor policy are any indication of the upcoming union budget for the financial year 2007-08, then the market on the whole stands to witness a spurt in cross-border mergers and acquisitions (M&A), believes IndusView, the India-focused cross-border advisory firm.
The semiconductor policy offered capital subsidy of up to 25 per cent on investments for setting up semiconductor, micro- and nanotechnology manufacturing units. "The benefit extended to the semiconductor industry is expected to attract investments of up to $10 billion in the next 4-5 years from global chip manufacturers that initially sighed away from India," said Bundeep Singh Rangar, chairman, IndusView.
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