Emancipated Indian companies colonize city; New investment rules spur branch openings, expansion of M&A.(International Business Report)

Crain's New York Business, April, 2007 by Goff, Lisa

Byline: Lisa Goff for decades, the Manhattan office of Tata Inc. was a sleepy outpost of its colossal Indian parent, Tata Group. "I don't think they did much more than order crockery'' for the company's chain of luxury hotels, says Rajiv Khanna, president of the Manhattan-based India-America Chamber of Commerce.

Now the conglomerate is on a buying spree. Over the past year, it has done several deals with companies outside of India, including the $12 billion acquisition of Anglo-Dutch steelmaker Corus Group. The growth drive has woken up the New York office, which in 2005 ...