JP Morgan: India Inc.'s foreign M&As likely to increase

The growing importance of manufacturing globally is likely to make the segment ripe for M&As, the executives said

- Ranjani Raghavan & Sneha Shah

Indian companies are increasingly looking to acquire assets overseas to gain access to technology and bolster manufacturing assets, senior executives at investment bank JP Morgan told Mint. "India outbound could be quite relevant in the years to come, especially in a three-to-five-year timeframe. There are live conversations that are starting to happen with target companies that our clients have tracked historically," said Nitin Maheshwari, co-head of investment banking at JP Morgan in India. Maheshwari said global assets have become more affordable and Indian companies are able to fund acquisitions "because they have a stronger balance sheet and a valuable currency