Mumbai finance trip now unlikely

Thursday 27th November 2008, 3:00PM GMT.

0566718_cropped.jpgA HIGH-PROFILE visit to India by States officials and local finance industry representatives is likely to be postponed in the wake of yesterday’s terrorist attacks.

The delegation of 16 is due to leave for Mumbai on Saturday, moving on to Delhi on Wednesday and returning to the Island next Saturday. Included in the party are two representatives of Jersey Finance, a senior officer from the Economic Development Department and up to 13 financial services specialists from various legal and finance firms.

Bookings have been made at the Oberoi Trident Hotel – one of the two hotels targeted yesterday by the terrorists. According to news reports, up to 200 hostages are currently being held at the Oberoi, which is ringed by Indian troops. The Jersey trip has been planned in conjunction with the British High Commission and the City of London and meetings have been set up with a number of business groups, including the Indian Chamber of Commerce, and in Dehli with government ministers, regulators and business groups.

Wayne Gallichan, inward investment director at Economic Development, said it was unlikely that the trip would go ahead, but that participants were meeting this morning to make a decision.

• Picture: Wayne Gallichan (centre) was one of a group due to pay a reciprocal visit to India after meetings in Jersey earlier this year
 


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