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Foreign firms lead in asset purchase after Essar Oil buy

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“At the macro level, India currently is the best place to invest in the world right now. Besides, foreign companies are ready to pay a premium for entry into the Indian market where they do not have any presence. Lower cost of funds for foreign companies compared to local companies is another big incentive why foreign companies are more aggressive in acquiring local assets.”

Harish H V
Partner, Grant Thornton India LLP

This article appeared in Business Standard on 18th October, 2016.