New Delhi sources stated that as per the survey by legal and consulting firm Baker & McKenzie, Indian business leaders are bullish on investments, but the UKis no longer a target country for them. Indian companies are finding South East Asia as a "new land of opportunity". Meanwhile the region has emerged as the most preferred investment destination, second only to the domestic market, for Indian businesses.
Ashok Lalwani, Global Head of Baker McKenzie's India Practice, said in a statement "We have seen transactions in sectors, including healthcare, insurance, consumer and industrial between Indian companies and their counterparts in markets like Malaysia, Indonesia and Thailand, where there seems to be a good strategic and cultural fit for these emerging Indian multinationals". He said "Intra-Asian deal sizes are still smaller than those in Western markets. We do expect more mega deals involving Indian companies in the US and Europe making headlines".
Moreover, markets like the US was number one destination for Indian companies looking for merger and acquisitions (M&As), while continental Europe rounded out the top four. He added "The strong run of deal making and international expansion that has emerged in India in recent years is set to continue".