|
|
|
 |
|
| Hungarian
Investments in
India |
| At one time
there
were around 25 Indo-Hungarian joint ventures in India, mostly in the area of
pharmaceuticals
and vacuum technology.˙ With the change of regime in Hungary in
1989-90 and with economic
liberalisation and reorientation in both countries since 1991,
most of these JVs have faded away or been
indigenised. At present there is one India-Hungary
JV in India. |
| Richter
Gedeon Rt, the leading pharmaceutical
company of Hungary, has
invested US $ 20
million in a 51:49 Joint Venture with Indian firm Themis
Medicare Ltd., based
in Mumbai, to
expand production capacity. The Joint Venture started functioning
in July 2006 producing
intermediates all to be used by Richter Gedeon plants in Hungary.
|
|
|
Indian Investments in Hungary
|
|
-
India's biggest IT
and software company Tata
Consultancy Services(TCS)
has set up a European
Software
Development Centre(SDC) in Budapest.
The Centre was formally inaugurated
in August 2001 by the CEO of TCS. TCS
plans to invest around $ 100
million in this Centre
over the next few years
and employ around 500
software engineers and programmers.
-
Satyam has opened an office in
Budapest
on the 2nd
November 2004. It has (Aug 06) around 90 employees.
- A Calcutta
based
company˙ M/s Bharat McNally
Engineering Ltd acquired in the year 2000, 90% of the equity of˙ a
Hungarian
company
called M/s Eroterv Wagner Biro Ltd., which specialises in
handling
ash in large
plants. The acquisition cost was US $ 500,000. With
this
acquisition the Indian company
is in a position to bid for large
projects
abroad where ash handling is required.
-
An Indian company Technocraft
Industries( India) Ltd has acquired
Danube
Knitwear Ltd. In Baja, Hungary
-
Sun Pharma acquired the US-based
pharmaceutical company Valeant
(formerly Alkaloida) in Hungary in August
2005.
-
Crompton
Greaves (CG) purchased in Jul 06
through its Belgian
subsidiary Pauwels
International two Hungarian companies viz Ganz
Transelektro
Villamossági Zrt (GTV) and Ganz-Transverticum Kft (TV), for an
enterprise value of 35 million Euros. This marked the first major acquisition
by Crompton Greaves in Hungary. GTV is in the business of EHV
Transformers,
Gas Insulated Switchgear (GIS), Rotating Machines and
Contracting; and, the
associate TV is in the supporting areas of
design, erection, commissioning
and
commercial activity with high-end
engineering and substation capabilities.
-
Thapar group bought (Aug 06)
Dunakiliti
canning factory becoming
the owner of canning company
Dunakiliti Konzervüzem
Kft, the biggest and most
modern cucumber processing
factory in the region.
Dunakiliti was bought over
through Thapar’s
affiliate Global Green Company,
purchasing the company
from its former owner
Intergarden NV. Dunakiliti had nearly Ft
4.5 billion net sales revenue and
over Ft 500 million profit in 2005 and has
been present on the market in India
for nearly 10 years.
-
Nipuna Services [subsidiary of Indian
software company Satyam],
announced
in Aug 06 plans to open a BPO
centre in Hungary providing initial employment
to
about 100 professionals.
Nipuna opted for Hungary because of its
multi-linguistic work
force.
- PMP
Auto
components (P) Limited [Piramal group company] has acquired Bakonyi
Wiper-Systems Ltd, Veszprem.The company has latest technology in
wiper-production
and has about 100 employees. The company targets European
and
American markets from
Hungary.
|
| Bharat McNally |
|
| EWB Ltd is
originated from Eroterv
Power Plant Engineers. It was initially
a Government company, entrusted with the setting up of power
plants
on turnkey basis in Hungary and other European
countries. Ash Handling Division of Eroterv started working in around
1955. Since inception, they executed many ash
handling plants of different types in major thermal power
station in Hungary,
Germany, Austria, Czechoslovakia,
Greece, Turkey, Yugoslavia, Bulgaria, etc. |
|
| In the year 1990, Waagner-Biro Austria, a well
known. company of Europe, acquired 50 % equity of the ash
handling division of Eröterv. From this year the name
of the
company changed to Eroterv-Waagner-Bird
Ltd. Since then, Eroterv Waagner-Bird continued ash handling business
by implementing
many more ash handling
projects in Europe and Asia. Gradually Waagner-Biro, Austria increased their
stake in the company
ending up
with 90% holding of equity by the year 2000. |
|
| From 1997 McNally Bharat Engg.
Co. Ltd
was in
exclusive collaboration with EWB for the Indian Market up the year 2007. In 2001, when Waagner-Biro
put up its equity for
Sale, McNally acquired the same through a global competition. Being satisfied, McNally
Bharat
increased its equities to 100%
with effect from 24 Sept.2003. |
| [Top] |
|
|
| |
|
|
|
 |
