US-India Transactions & Investment Monitor - April 2010
April 2010
IMaCS Virtus Global Partners Newsletter
Transaction & Investment Flow between US and India
Columbia Business
School - India
Business Conference
Join us at the Infrastructure
Panel
Moderator: Anil Kumar, CEO,
IMaCS Virtus Global Partners
Speakers:
- Madhu Vuppuluri,
President, Essar Americas
- David Good, Chief
Representative, Tata Sons-
USA
- Dianne Moughan, New
Business Development
Director, Dow Chemicals
- Howard Endleman, Partner,
Baseline Partners
Top News from Major
Sectors
Indian Wastewater Treatment
Market
Air India, GE ink deal to
invest $90 m in MRO
US construction machinery
export to India up 55% in '09
AT&T buys 8 pct of Tech
Mahindra for $35 mln
Fortis, Apollo & Max enter
into contracts with American
firms for US patients
India's Thermax, US Babcock
& Wilcox in JV pact
Texas Pacific set to take over
Vishal Retail assets
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In the first quarter of 2010, there were eight acquisitions by Indian
companies in the US and over 16 investments into India by US companies.
There was a significant increase in energy related investments such as
Essar's acquisition of Trinity Coal for $600 million, IFC's investment in
renewable energy company Auro Mira, and Reliance's discussions with Atlas
Energy for stake in Marcellus Shale natural gas operations.
While information technology remains the dominant theme for Indian
companies acquiring US assets, investments into India from the US were
predominantly in the nature of stake purchase rather than mergers or
acquisitions. Key transactions included AT&T's purchase of stake in Tech
Mahindra and Matheson's acquisition of K-Air Specialty Gases.
Welcome to the second edition of our US-India newsletter, which focuses on
key developments and issues affecting foreign direct investments (FDI) and
foreign institutional investments (FII) between the US and India. IMaCS
Virtus Global Partners, a joint venture between ICRA Management
Consulting Services and Virtus Global Partners, offers advisory services to
North American companies and funds seeking India related growth and
investment opportunities. For more information, please visit
www.ivgpartners.com
Recent Reports
Investment Opportunities in the Indian Infrastructure and Energy
Sector
The Indian infrastructure and energy sector comprising roads
and urban development, airports, energy, shipping and ports,
and electricity has become a key driver of the Indian
economy. By adopting an international competitive bidding
process, allowing external commercial borrowings, and
facilitating statutory clearances the government of India has
opened up opportunities in the sector as never seen before. This presents a
compelling investment opportunity for US and European project developers,
infrastructure and power equipment companies as well as financial
investors.
Indian Water and Wastewater Treatment Market Opportunities for
US Companies
With a market size of over $4 billion, the Indian water and wastewater
market is growing at a rate of 10-12 percent every year.
Government related projects contribute over 50 percent of
revenues in this market while the private sector contributes
the rest. The water and wastewater treatment market
segment is highly fragmented and unorganized. Imports
constitute approximately $110 million of the $690 million
market for municipal and industrial water treatment equipment.
Industry Trends & News
4/1/2010
US-India Transactions & Investment Monitor - April 2010 Page 2 of 3

Defence and Aerospace

Boeing clinches 85 orders from India

Air India, GE ink deal to invest $90 m in MRO

BAE Systems to Provide Mission Computer Systems for
Indian Navy Patrol Aircraft

Energy

BorgWarner sets up Rs 30 cr facility near Chennai

PE group invests $425 mln in India power venture

Suniva Inc reports commissioning of 3MW solar
project in India

Reliance in running for Marcellus JV

Infrastructure

Moog arm bags $4-m deal from Rlys unit

US construction machinery export to India jumped
55% in '09

Office space: Oracle, Brigade call off deal

Techology & Telecom

AT&T buys 8 pct of Tech Mahindra for $35 mln

Courion opens tech centre in Pune

Synopsys set to buy US-based CoWare

Wipro inaugurates global delivery centre in Brazil

Life Sciences

Dr Reddy's opens mPEG alcohol manufacturing plant in

Mexico

Mission Vivacare enters US healthcare market

Fortis, Apollo & Max enter into contracts with American
firms for US patients

Piramal Healthcare Buys Cipla's Contraceptive Brand
For Rs 95Cr

GE announces expansion of Bangalore ops

Industrial Commodities

India's Thermax, US Babcock & Wilcox in JV pact

JSW Steel Makes First Export to U.S. in 18 Months

Retail & Franchising

Tesco brands available in India

Texas Pacific set to take over Vishal Retail assets

Pepsico records 100% growth in crop output in Bengal

Yum! Brands International Division Opens First Taco

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Bell in India

Amway to open around 170 outlets in India within 5
yrs

IMaCS Virtus Global Partners

501 Fifth Ave, Suite 302
New York, NY 10017
(646) 807-9290
www.ivgpartners.com

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