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Bank has made it to the headlines by becoming the first company to
register for tapping the India Depository Receipts (IDR) opportunity.
One of the reasons StanChart CEO Peter Sands has given that India
houses 17,000 employees of the company. With India becoming a
technology hub, there are stronger
for technology companies
to go for IDRs in India.
list here ten
technology companies that we believe can go for the opportunity.
Not only is the world's largest IT company the biggest technology
player in the Indian domestic market, it also has significant number
of people in India. HP has more people in Bangalore than in Palo
Alto, its headquarters. An IDR listing in India would show its India
commitment and establish the company as a truly global company.
IBM has more people in India than anywhere else in the world, except
the US. And most of them are from its biggest unit, services. It is
also the largest IT services player in India. But very often, while
bidding for government projects, there is a lot of discussions around
its American-ness. An IDR would stop that for ever.
While Oracle has made less noise in the media, it has the highest
number of people in India, among software companies. An IDR would be
the right way to announce the arrival of the new Oracle to the world.
And that will probably make Larry Ellison visit India, finally.
The Bermuda-headquartered Accenture has more people in India than
anywhere else in the world. Yet, in the local market, it has limited
presence. An IDR would be the ideal way to show its long-term
commitment to India and tap the growth market
CEO John Chambers says that Bangalore is the second headquarters of
the company or the HO of Cisco East. An IDR would give legitimacy to
the claim.
having a lot of Indians in its roll, and despite doing a lot of CSR
in India, the intention of Microsoft is still questioned repeatedly,
thanks to the noise by the open source community. What a better way
to show its long term commitment?
Google:
Google says India is a microcosm for the next billion people who are
waiting to connect to the Internet. What a better way than an IDR to
start the next phase of its journey?
Nokia:
cellphone vendor,
largest digicam vendor and
largest music player vendor in India. India can be the natural
second-home for the company.
is the only large offshore company not headquartered in India,
despite having most people operating out of India. It decided to list
in the US because of some reasons at that time. An IDR would not just
be a homecoming, it will give legitimacy to its claim that it is a
global company, not an American company.
Huawei:
a better way to silence the critics?