Financial Daily from THE HINDU group of publications
Thursday, Aug 05, 2004
Financial Daily from THE HINDU group of publications Thursday, Aug 05, 2004 |
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Corporate
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Outlook Keystone India to ramp up operations Our Bureau
New Delhi , Aug. 4 KEYSTONE India, the Indian arm of the Chicago-based professional services firm LaSalle Consulting, is planning to ramp up its operations in the country over the next one year to provide customised analysis and industry-specific information for US companies wanting to tap the Indian market. Leveraging its knowledge of the US markets, the company is also looking at offering "high-quality" information to Indian companies wanting to have a presence in the US and Western European Union countries through the acquisition, joint-venture or channel partner route. According to Keystone India's Chief Executive Officer, Mr Debashis Ghosh, there is renewed interest among US companies in the Indian market, especially with respect to firming up supplier base and channel partners here with a substantial FDI investment. "There is a perception that this is India's decade of growth and a number of US companies are looking keenly at developing partners and tie-ups here," Mr Ghosh said. The fundamental strengths of the Indian economy coupled with advantages such as robust banking sector, democratic set-up, among others have put the country in good stead against competitors like China. "The perception among US companies is that India has been growing at a relatively fast pace, despite hindrances such as corruption, lack of infrastructure and political populism. So the view is that once the ongoing reforms take root, India could be the biggest investment destination," he said. Mr Ghosh said Keystone India would focus on research on about 12 industrial sectors to start with, where the US companies are likely to step up investments.
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