Commentary
]This session was requested by a member whose company plans to expand its business in India from $100m a year currently to $1bn. This raises a series of questions about how to manage M&A, since part of the growth is expected to be inorganic, as well as how to fund the business, manage working capital, and structure the treasury team and operations.
This triggered a very healthy and open discussion in which members shared their experiences in India. Although it is a difficult environment, most of the experiences are positive, and things can be done. These range from managing local bond issues to restructuring legal entities. Most participants find that a local team is required at some point, and this can present issues, especially with local management feeling a need to play a role. Tax legislation is complex, and there is often a need to have at least some level of relationship with local banks.
The report is a good guide to the challenges faced when operating in India, and the ways in which these challenges can be successfully addressed.
Key Takeaways.....please sign in to read the rest of this commentary
Please sign or set up a free registration to read the rest of this commentary and get access to all CXC commentaries together with occasional free reports. (if you receive our updates, use your email to re-set your password)
Please log in, or create a free account, to read the whole report summary.
Full report available to premium subscribers.
A premium subscription gives you on demand access to all CXC reports plus each new report sent to your inbox for one year.
Please
enquire here to find out about our subscription packages.
