Biggest Global Acquisition by Indian Firm Is In the Works

Emerging market entrepreneurs on the threshold of expanding their global reach would be interested by the latest bid by India's Tata Group. Under the leadership of chairman Ratan Tata, the Group has set its sights on British steelmaker Corus Group. The Corus bid, which would likely be around        $10 billion, would be Tata’s biggest yet, an International Herald Tribune article says.

The Tata Group already has a diverse portfolio of 96 companies including the U.K.’s Brunner Mond Group and the U.S.’s Eight O’Clock Coffee — two foreign firms acquired in 2006.

If accepted, the Corus bid would be the largest ever overseas purchase by an Indian company. Mr. Tata’s management style and vision are central to the Tata Group’s global reach -- Mr. Tata is said to encourage his managers to seriously consider foreign acquisitions and to learn from Western companies that have been acquired.