14 December 2009
Jersey has signed a Memorandum of Understanding (MOU) with the Indian Chamber of Commerce and Industry (ICCI). The MOU was signed at a meeting in Delhi last month by the Treasury Minister, Senator Philip Ozouf, and by the ICCI’s Secretary General Mr. R. P. Swami.
Senator Ozouf hopes the document will enhance trade and investment between the two countries. He told Indian Chamber members that Jersey offers excellent investment options for Indian companies, and he invited them to take up the emerging business opportunities in sectors like IT, Telecoms, power and finance.
The Economic Development Minister, Senator Alan Maclean, commented on the signing: “Jersey is a pro-business Island, ideally positioned for firms to invest, grow and prosper; and provides the perfect location for future European operations. As an internationally approved jurisdiction, Jersey seeks to support and assist India in managing international capital flows and facilitating the global expansion of Indian firms and individuals.”
Senator Maclean hopes Jersey’s close links with the City of London and its proximity to UK and other European cities will prove a draw for potential investors. And he believes the island would make an excellent destination for Indian tourists.
Mr. Swami observed that the Indian economy had grown, despite the global recession. He said “There are many Indian companies focusing on investment abroad and the ICCI will play an important role in disseminating information among Indian businessmen and corporations about the investment potential in Jersey. I hope this MOU will be a stepping stone towards accelerating trade and investment between the two countries.”
Indian Chamber of Commerce and Industry
gov.je