Piramal, Jubilant among global top 10

Written by fe Bureau | New Delhi | Updated: Jul 27 2011, 06:58am hrs
In the United Nations Conference on Trade and Development's (UNCTADs) World Investment Report, 2011, released on Tuesday in New Delhi, TCS India's top performing BPO company doesn't even make it to the top 10 list of global outsourcing IT-BPO service providers, coming in at 11th, with rival Wipro at 13th place.

In several other lists of top ten contract companies in various sectors, like electronics, pharmaceuticals and auto parts, Indian companies find mention in only one.

Piramal Healthcare and Jubilant Life Sciences rank 5 and 6 respectively in the list of top 10 pharmaceutical contract manufactures, featured in the report.

With contract manufacturing revenues of $735 million and $710 million, respectively, Piramal and Jubilant were the only two Indian companies to make the list, with the top spot going to Catalent Pharma Solutions of the US.

The report also had data on the top 15 outsourcing IT-BPO service providers. Here, too, only two Indian companies make the cutTata Consultancy Services in 11th place with an IT-BPO revenue of $5,164 million, and Wipro in 13th place with a revenue of $4,189 million. Indian companies do not find a place in the lists of top 10 global semiconductor foundry contract manufacturers, global franchise chains, electronics and auto parts.

A list of cross-borders M&A deals worth over $3 billion in 2010 found only one Indian deal mentionedthe acquisition of Piramal Healthcare by Abbott Laboratories for $3.7 billion, at 26th place out of 43 such deals.

On foreign direct investment (FDI), the report said that FDI inflows had risen 5% to $1.24 trillion in 2010.

However, the report goes on to say that FDI inflows at the end of the year were still around 15% lower than their pre-crisis average and nearly 37% lower than their peak in 2007. This, the report says, is in contrast to recoveries in global industrial output and world trade, both of which are already back to their pre-crisis levels. However, the report does say that 2011 will see an increase in FDI inflows, taking the total figure to between $1.4-1.6 trillion.

In India's case, even though the quantum of its FDI inflows went up from $25 billion in 2009 to $36 billion in 2010, it saw its position in the top 20 list falling from 8th in 2009 to 14th in this report. On a brighter note, though, India broke into the list of top 20 countries in terms of FDI outflows for the first time, moving up one place from its 21st position in 2009.

India's FDI outflows fell from $16 billion in 2009 to $15 billion in 2010.