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The Columbus factor

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Business Standard New Delhi
Last Updated : Jun 16 2013 | 10:06 PM IST
What's the connection between Christopher Columbus and Indian oil companies? According to Petroleum and Natural Gas Minister M Veerappa Moily, it's to do with global acquisitions. Asked whether he wanted all Indian private and public companies to form a joint venture for acquisitions across the world, Moily said, "There can only be one Columbus. Similarly, there can only be one Columbus among the oil companies that can land in a country for the first time. Whether it is ONGC, Oil India or any private major, I cannot name all of them Columbuses or ask them to be the same."

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First Published: Jun 16 2013 | 9:04 PM IST

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