Technology and Business Law Blog

India- Forbes List of Asia’s Fabulous 50

India makes the Forbes list of Asia’s fabulous 50. A few years ago when Asia or Asians were mentioned it was the far east Asia or the so called orient. India and Indians were placed under a category of the “Indian subcontinent”. Today India overtook China (only 7 companies were listed), out of the 50 companies chosen, 12 Indian companies have been listed and they are in the field of banking, consumer goods, construction and engineering, computer software and outsourcing.

The companies are Bharat Heavy Electricals, Bharti Airtel, Grasim Industries, HDFC Bank, ICICI,Bank, Infosys Technologies, Larsen & Toubro, Reliance Industries, Satyam Computer Services, Tata Consultancy Services, Tata Steel and Wipro.

The British came to India and plundered India’s wealth and surplus natural resources like Iron and steel and it seems like pay back time when Tata steel made history with the $13 billion takeoverof Britain’s Corus Group. Forbes said “Fab 50 companies are an acquisitive lot. Tata Steel bought Britain’s Corus Group to a chorus of cheers back home, despite the $13 billion price tag. Corus includes the remnants of British Steel. “The irony was not lost in India.”

India is rich in natural and human capital resources having a solid industrial base combined with a high tech and scientific community. India is huge, diverse, complete with paradoxes, hungry and emerging out of the shadows so watch out, it could be an oncoming tidal wave!

September 7, 2007 Posted by | Emerging India, Forbe's list, Industries, New age | 2 Comments