Fewer large deals are heading from Japan to India, even as there are indicators that there will be increased trade between India and Japan. It will take major infrastructural developments to come alive before the subcontinent sees pivotal change.
In the past year, there have been sparks of activity with acquisitions and tie-ups in automotive, IT, glass and manufacturing sectors. Vedanta picked up glass-maker AvanStrate from Carlyle Group for $158 million, Cognizant acquired IT services layer Brilliant Service Co for an undisclosed sum and Lupin will buy $150 million worth medical products from Shionogi & Co.
Inbound deals,haven't seen as