Bloomberg: “Indian billionaire Subrata Roy, the owner of Sahara group, has offered about 750 million pounds ($1.18 billion) for a collection of Marriott hotels being sold by Royal Bank of Scotland Group Plc (RBS), the Sunday Times reported, without citing anyone.
“Roy, who bought the Grosvenor House hotel in London last year, is competing with the Abu Dhabi Investment Authority, and Indian investor Blue Post Group, according to the newspaper.”
Just as with China, India is buying into foreign tangible assets. The big difference is that Chinese acquisition are often carried out by its sovereign wealth funds or by SOEs (State Owned Enterprises – http://www.china.org.cn/video/2011-12/30/content_24292710.htm), whereas Indian acquisitions are more often than not by private sector companies; though India is considering setting up a sovereign wealth fund.
http://www.reuters.com/article/2011/11/23/india-fund-finmin-idUSL4E7MN1J820111123
CHINDIA ALERT: You'll be living in their world, very soon 