India attractive destination for M&A activities: E&Y
"Catering to a growing, expanding and spending population is what every organisation wants to do. So there is a lot of interest from outside India to come inbound," E&Y Global Vice Chair (Transaction Advisory Services) Phillipa McCrostie said in an interview.
"I don't think India's growth is based on one factor or bubble that has evaporated and gone away. It is exciting time in India for M&A growth," she said.
According to her, India's fantastic population and demographics are attracting a great deal of interest around industries such as consumer goods, pharmaceuticals and life sciences, among others.
"I expect that India will continue to be an attractive M&A destination in a sustainable way going forward. I think there is widespread interest from the US, Europe and others," she said.
She noted that the country is becoming all the more attractive destination with reforms coming through.
McCrostie said risk and confidence probably were the determining factors for M&A activities in the last four years since the 2008 financial crisis.
"India has to be one of the most attractive destinations (for investment). Look historically, what India has achieved... If you compare other countries, many don't have the population, stability that India has been trying to produce in the last ten years," she added.
In the wake of uncertainties and risks due to the 2008 financial meltdown, companies worldwide began to
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