The negative publicity over the spar between the Ambani brothers apart, the breakdown in talks between RCom and MTN would not hurt India Incís overseas dreams. When two giants discuss a merger deal, a host of issues come into the picture, including the pride of not giving up control, if they are from the developing countries.
Since we are in the early days of India Incís march overseas, any such failure in clinching a deal is termed as a setback to the dreams. As we see more and more Indian companies trying for a bigger global pie, there would be some success as well as failure in talks.
The failure of talks for a three-way merger between GM, Nissan and Renault was never described as Japan Incís setback for overseas plans. The reason: Japan Inc already is very much a global powerhouse. On the contrary, India Inc may see some of its financial services firms picking up bargains in overseas markets. The Indian financial firms are relatively unscathed from US subprime and may join its fellow brethren in other industries in spreading its influence abroad.