Business Daily from THE HINDU group of publications Tuesday, Apr 29, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate
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Alliances & Joint Ventures Ma Foi joins hands with Global Adjustments Our Bureau Chennai, April 28 Ma Foi Management Consultants Ltd, a HR company, and Global Adjustments Services Pvt Ltd, a cross-cultural services company, plan to combine their service offerings for their global clients. Ma Foi will offer HR services to Global Adjustments’ clients, while Global Adjustments will offer destination services, including cross-cultural training to Ma Foi’s clients. For overseas clients planning to set up shop in India or individuals relocating to India, the ‘destination services’ of Global Adjustments covers realty, relocation, immigration, settling-in, cross-cultural training and event management, Mr K. Pandia Rajan, Managing Director, Ma Foi, told newspersons. Both companies will also work together to offer online cross-cultural learning to Ma Foi’s customers. Ma Foi will work through its network of offices in India and abroad to market the service offering, he said. Ms Ranjini Manian, CEO, Global Adjustments, said over 50,000 expats are likely to arrive in India this year. The demand will increase further with more multinationals setting up operations in India and NRIs returning home. The joint venture is likely to involve business of around Rs 2 crore at the end of first year, Mr Rajan said. Mr Rajan said Ma Foi has expanded operations in the Middle East. For the first time, it has set up an overseas operation in Qatar through a franchisee, Al Jayseer group. The company has also set up a joint venture in Kuwait, with Ma Foi holding 70 per cent stake and the balance with Talal Group, he said. More Stories on : Alliances & Joint Ventures | Human Resources
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