Hyderabad, March 2 (FN Representative) West Bengal Director General of Police Dr B N Ramesh on Wednesday appreciated the performance of Federation of Telangana Chambers of Commerce and Industry (FTCCI) and its efforts to make the entrepreneurs and Corporates aware of the Merger and Acquisitions (M&A). Speaking after participating in the panel discussion on Merger & Acquisitions (M & A)-India & International Study organized by FTCCI, he said in strategic management, three things are important– cost, leadership and strategic kind of foray competitive analysis that is leadership.
Competition among firms is extremely important, so are competition among nations, he said. Dr Ramesh recalled the studies of Harvard Business School Professor Micheal Porter and Marketing guru Philips Kotler and how relevant their contributions are to the Indian CBMA environment. He said that where there is competency, there will be development. The market forces, the merit and the enforcement of the law– the rule of law, rule by law and rule for law, Law of Contracts, Law of Torts, due diligence, and attrition rates, are another important things that affect the Cross-Border Measures and efficiencies even domestic budgets and acquisitions. The DGP said Mergers and acquisitions should be on knowledge-based, wisdom-based and win-win situations. By 2025, India will surely cross the five trillion dollar economy. By 2047 India will become number one globally because of its inherent merits. Mergers happen because of the future planning of corporations globally. However, the global financial crisis in 2008, which oversaw the catastrophe in several financial institutions and the tsunami in the stock markets, had an adverse impact on the speed and the coverage of cross-border mergers and acquisitions transactions, he said.