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India Inc plans M&A push for aspiring Indian multinationals

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    With mergers and acquisitions (M&A) now becoming a way of life for corporate India, business leaders and corporates have come together under one umbrella to lead “aspiring Indian multinationals” on the way forward. To facilitate this process, the Confederation of Indian Industry (CII), in partnership with eminent business leaders, has launched a unique initiative — India Inc Going Global.

    Currently, the programme is organised into operational entities termed “clusters”, based on the functional areas or common challenges/ opportunities faced. Each of these clusters, led by an anchor company, will co-evolve the set of services that will be of common interest to the cluster members and will be responsible for achieving their objectives.

    Initially, three clusters have been made operational. The Leadership Development & Talent Management cluster will be led by Infosys, India Advantage by Mahindra & Mahindra and Inorganic Growth by ICICI Bank.

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    Led by an initial set of companies, including Asian Paints, Bharat Forge, ICICI Bank, Infosys Technologies, Mahindra & Mahindra, McKinsey & Company and Harvard Business School Jorge Paulo Lemann Professor Tarun Khanna, a core set has been established. This set will act as the governing body for running the programme, under the aegis of CII.

    The Core Set members include CII Indian MNCs Committee chairman and GVK Biosciences Chairman D S Brar, Asian Paints managing director Jalaj Dani, Mahindra & Mahindra president (HR) and Group Management Board member Rajeev Dubey, Bharat Forge Ltd executive director Amit Kalyani, Tarun Khanna, ICICI Bank deputy managing director Chanda Kochhar, Infosys Technologies co-founder and COO S D Shibulal, and McKinsey & Company managing director-India Adil Zainulbhai.

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