“Watch out, Indian MNCs are going to take over American globocorps, predicts Swaminathan S Anklesaria Aiyar.
Even as Indian leftists think Bill Clinton is coming to take over India, Indian companies are preparing to take over American ones on a gargantuan scale. Infosys and Wipro, our two most glamourous infotech companies, both want automatic permission from FIPB to take over foreign companies worth–hold your breath–$ 10 billion each. To put this in perspective, recall that when Ramesh Chauhan sold his Parle brands to Coca-Cola amidst much swadeshi wringing of hands, he got a reported Rs 180 crore. Now Infosys and Wipro propose takeovers of Rs 44,000 crore each”.