Indian companies paid more than $10 billion to buy foreign firms this year alone. Here are some recent noteworthy acquisitions
INDIAN BUYER: MITTAL STEEL World's largest steelmaker is Europe based but Indian owned
Company acquired: ARCELOR (LUXEMBOURG) Europe's top steel producer
PRICE: $33.5 billion
DATE: June 2006
INDIAN BUYER: VIDEOCON Consumer-electronics and home-appliance manufacturer
COMPANY ACQUIRED: THOMSON (FRANCE) Manufacturer of TVs, color-TV picture tubes
PRICE: $291 million
DATE: June 2005
INDIAN BUYER: SUZLON ENERGY Alternative-energy company, wind-turbine maker
COMPANY ACQUIRED: HANSEN TRANSMISSION (BELGIUM) Manufacturer of gearboxes for wind turbines
PRICE: $565 million
DATE: March 2006
INDIAN BUYER: DR. REDDY'S India's second-largest pharmaceutical company markets generic drugs in over 100 countries
COMPANY ACQUIRED: BETAPHARM (GERMANY) Generic-drug distributor specializes in medications for heart and neurological ailments
PRICE: $572 million
DATE: February 2006
INDIAN BUYER: TATA TEA Part of the giant Tata conglomerate; owns Tetley Tea
COMPANY ACQUIRED: ENERGY BRANDS (U.S.) Maker of Glaceau bottled water and vitamin drinks
PRICE: $677 million (30% stake)
DATE: August 2006
INDIAN BUYER: ONGC-VIDESH Overseas arm of India's state-run oil company
COMPANY ACQUIRED: OMIMEX DE COLOMBIA (COLOMBIA) Owns half of two major oilfields in its home country
PRICE: $425 million (50% stake)
DATE: September 2006