It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
India has been ranked among top 10 acquirers in the US market this year with 16 deals valued at $1.7 billion, according to a report by Baker & McKenzie. A majority of these deals was in the pharmaceuticals sector, with six transactions totalling $1.5 billion, as Indian companies seek to increase their scale in the US generics market, the report said. "Indian companies (particularly in the pharmaceutical sector) have been on an acquisition spree and I think this trend will continue in the near term given the low valuation and the need for Indian companies to increase their scale to compete in the increasingly competitive generic markets, as well to dip their toes into the innovator side of the business," said Ashok Lalwani, global head of Baker & McKenzie's India practice.
Globally, overall deal activity in the year-to-date is already at $2.91 trillion, well ahead of last year's pace and cross-border transactions have so far totalled $1.05 trillion.
originally posted by: TXRabbit
Cool. Maybe they'll start hiring US workers as H1-B's, lol
India-based information technology companies providing services to American businesses and other customers invested more than $2 billion in 2011-2013; paid $22.5 billion in taxes to the U.S. Treasury in those years; and today support more than direct and indirect 411,000 jobs in the US – including 300,000 held by U.S. citizens
originally posted by: NewzNose
a reply to: asen_y2k
In business everyone benefits.
Seriously, you buy into this propagands? China continues to hack us, so I guess they benefit.
Where are these 411,000 jobs created this year? Not in my city, county, or State.
India-based information technology companies providing services to American businesses and other customers invested more than $2 billion in 2011-2013; paid $22.5 billion in taxes to the U.S. Treasury in those years; and today support more than direct and indirect 411,000 jobs in the US – including 300,000 held by U.S. citizens
originally posted by: NewzNose
a reply to: asen_y2k
Hacking is BIG business!
I didn't speak about a link and you didn't answer my question....WHERE are these jobs held by American citizens? So the 411,000 jobs are not new US jobs this year? Are those jobd here in the US or abroad by US citizens? Also, if they paid $22.5 billion taxes in the years 2011-2013, what have they paid in taxes to the US Treasury in 2014, 2015?