With a kitty of $15.3 billion, US has emerged as most sought after destination for Indian companies pursuing their global dreams, analysis of data on Mergers & Acquisitions during April-July 2007-08 shows. The acquisition deals with US-based companies worth $5.1 billion were accomplished during April-July 2007, Assocham Research Cell’s study reveals.

Other destinations
After North America, Asian countries are emerging as second most favourite ground for Indian Inc for acquisitions, data shows. Vietnam is largest receiver of deal money as Indonesia, Israel and Singapore are other places where Indian companies made their acquisitions.

Europe is third favoured station by India Inc on global consolidation tour after North America and Asia. Germany and United Kingdom have received maximum of funds shed by Indian companies. While Indian acquisitions of German companies were worth $1.52 billion during April-July 2007-08, funds to the tune of $1.2 billion had flown to UK through acquisitions. 

Indian companies flagged their presence in Italy and Spain with $97 million and $19 million takeover deals by Indian firms respectively. South American and African region remained low on the acquisition radar of Indian Inc with $6 million and $5 million deals respectively completed during the period.