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Guernsey heads to India

Date: 26 Apr 2014

Citywealth

Fiona Le Poidevin, Chief Executive of Guernsey Finance, the promotional agency for the island’s finance industry, attended an international taxation conference in India earlier this month. Poidevin was joined at the three-day event in Mumbai by Raj Ganguly, Managing Director of RKG Consulting, who has been advising India-based companies and individuals on doing business and investing internationally for more than 25 years. During the presentation, Ganguly shared his experience of working with Guernsey service providers. Poidevin commented: “We feel that Guernsey’s funds industry, with its considerable experience in infrastructure funds and raising capital through European markets, is well placed to assist India with the challenges it faces in its ongoing development. For example, the India Capital Growth Fund, Indus Gas, Kolar Gold, Skil Ports & Logistics and Mytrah Energy Limited are all Guernsey-incorporated entities which are currently listed on the Alternative Investment Market of the London Stock Exchange. With optimism surrounding the country’s elections coming up in 2014, we hope our track record to date will be an advantage as the Indian economy continues to build towards the future.‚Äù

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