Business Daily from THE HINDU group of publications Thursday, Mar 22, 2007 ePaper |
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Markets
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Stock Exchanges Industry & Economy - SSI K.R. Srivats
London, March 21 London Stock Exchange is keen to help India develop a trading platform for small and medium enterprises, Mr Martin Graham, Director of Markets- LSE, has said. He also said LSE had in the recent past been drawn into discussions with the Indian regulators on this issue. The LSE's Alternate Investment Market, which is a platform for SME companies, was the sixth largest capital market in the world last year. Mr Hugh Sandeman, Head of Business Development for India, LSE, said the exchange was supportive of the idea of developing a SME market for India. Asked whether AIM would lose its competitive edge if a separate SME marker were to be developed in India, he said: "No I don't think so. It is very inconceivable that there won't be companies which want to use the sort of platform that AIM offers. There would be need for our markets despite growing efficiency of domestic market in India.''
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