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Can India remake Macquarie?7 April 2009COMMENTSI think this is a strategic move as emerging economies like India are the ones than are currently driving global growth. Read all comments »Will Macquarie’s launch into the Indian infrastructure market help firm up its ailing balance sheet? The Aussie i-bank is partnering with State Bank of India and the World Bank's International Finance Corporation to raise capital for investment in Indian ports, roads and power plants. Is this a wise investment in a growing market, or a desperate gamble to get the bank back on track? Macquarie thinks the timing is just right because the Indian government is now seeking to encourage private investment. Can Mac win in India, or will it suffer the same fate as Ponting's players? Let us know below.
COMMENTSMacman, Derivatives, Tue 07 Apr 09There is a mind-bending amount of infrastructure in the pipelines in India. Macquarie needs to be in this market if it is to stay a serious player. Add your comment »scoop, Commodities, Tue 07 Apr 09The Indian government is finally recognising that it needs private investment and if that trend continues there will be more and more opportunities for gobal banks. The "Licensing Raj" is finally dying. Add your comment »jj, Accounting & Finance, Tue 07 Apr 09Macquarie Infrastructure Group and Macquarie Airports both have tanking share prices - not sure if this will help them much. Will see. They had to do something I suppose. Add your comment »hmakkar, Tue 07 Apr 09SBI is the largest Indian Bank and by far has the most impressive performance and grow strategies compared to other banks in the country.
sk, Quantitative Analytics, Thu 09 Apr 09i guess a good move as the infrastructure devlopment in india is in infancy . sbi is a reputed bank in having a largest customer base ( u look at a country with a population of 1.3 bill) the govt is keen on opening up the infrastructure sector. mac bank have been aggresively opening up in indian sector. the benifits would be felt by 2020 Add your comment »M, Retail Banking, Thu 09 Apr 09Government/Politicians/Bureaucrat in India desire to do a lot for self prosperity in the name of countries development.The bunch not profiting from the intaitives is equally competent to create bottelnecks.If Macquaire deploys skill to maneuver both then you have a receipe.
Buck, HR & Recruitment, Mon 13 Apr 09And keep in mind that India is the world's largest democracy with English being one of several official languages... the potential is huge Add your comment »jneyra, Tue 14 Apr 09Given the current economic environement in the developed world I think this is a strategic move as emerging economies like India are the ones than are currently driving global growth. Emerging Markets represent 11% of global stock-market capitalization, compared to 55% of GDP and 87% of world population. Add your comment »ADM, Investment Banking / M & A, Tue 14 Apr 09A large number of other global players (IBs, private equity etc) have already set up investment businesses with a focus on India, so the market is already quite competitive and Macquarie seems to be a late mover in this regard. SBI would be a well-connected partner, although the SBI approach is likely to be very different from Macquarie's, which could cause problems for the joint management structure. Also, the capital needs to be competitively priced, and from what I understand, the target return is quite a lot higher than the return levels at which transactions have been undertaken in the Indian market over the last few years. Therefore, it is a strategy Macquarie has to pursue (and they have to pursue a China strategy as well), but I am not sure whether the "competitive advantage" that Macquarie likes is present, so success will be harder to achieve. Add your comment » |
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