Marching ahead, but where?

If one goes by the proceedings in India’s consumer durable sector, it’s clearly visible that Videocon is taking its “Indian Multinational” tag far too seriously. In the past 18 months, Videocon has gobbled up consumer electronic brands like Hyundai, Akai, Electrolux (in India) & Thomson’s Global colour picture tube business, but its acquisition hunger fails to die. On October 23, 2006, a Videocon led consortium signed MoU to acquire Korea’s Daewoo Electronics for $730 million. According to an analyst at Prime Broking firm, “Videocon is strengthening its presence through acquisitions like Daewoo and others like Chunghwa Picture Tubes, Pioneer & other brown-field expansions.”

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Source:- IIPM Editorial

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