Indian Companies' Overseas M&A Trend
Indian companies are expected to pursue more mergers and acquisitions (M&A) overseas as they seek to secure key supply chains against volatile geopolitics. This trend is driven by the need to mitigate risks associated with supply chain disruptions.
Current Trend
Outbound M&A from India has had a strong year, with deals reaching close to $24 billion so far. This is on track to hit a record high. Overall M&A in India hit $100 billion in the first half of 2026 across 680 deals.
Driving Factors
The geopolitical volatility has led to the weaponisation of critical supplies such as minerals. Indian firms are in conversations to secure energy supplies and critical minerals as part of free‑trade agreements. For instance, Indian companies are in talks with Canada to invest in LNG and critical‑mineral projects.
Implications
The trend of Indian companies pursuing overseas M&A reflects their strategy to secure supply chains. This could have significant implications for the Indian economy and the global market. The closure of deals like Sun Pharmaceuticals' $11.75 billion acquisition of U.S. drugmaker Organon & Co will be crucial to watch.
Future Developments
Future developments to watch include the impact of these acquisitions on the Indian economy and supply‑chain security. Additionally, activity in other parts of the Asia‑Pacific region is stronger, with China and Hong Kong seeing a 53% increase in volumes.
Expert Insights
Paul Uren, head of investment banking for Asia Pacific at JPMorgan Chase, noted that Indian companies have a strong acquisition currency and access to capital markets. "You'll continue to see more of that," Uren said, indicating that JPMorgan will be active in pursuing opportunities along these lines.