‘Turn your eyes to India’
Wednesday 18th November 2009, 3:00PM GMT.
Barclays Wealth India chief executive Satya Bansal speaking at the event
JERSEY needs to have close business links with India as the growth of the global economy shifts eastward, says a senior Indian banker.
Barclays Wealth India chief executive Satya Bansal described wealthy Indian families as a target market that should be ‘tapped’ by Jersey, as well as Indian businesses looking to develop ties with offshore centres.
Speaking at a Barclays Wealth event, Mr Bansal said that India had been one of the most resilient economies in the world this year.
‘In 2008, growth was 6% and in 2009 it is predicted to be 6.5%,’ he said. ‘Indians have expanded globally and there are now thousands of Indians around the world, and that pool of Indian families outside India is one that needs to be tapped and can easily be tapped by Jersey.’
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india, great place and great people
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Well that’s interesting, I wonder how long it will be before all local bank account details, medical records etc etc will be for sale, what a money-spinner!!!!
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Didn’t we have a recent headline saying the same thing about China? and another country if I recall, seems if we are to be a global banking institution we need global links.
Not sure I’d want to deal with them though, look at the call centre fisaco where all the major banks transferred their operations to India to save money and the net result was you couyldn’t understand their staff when you had an enquiry.I’m not being racist, I just couldn’t understand their strong Indian accents.
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Micko – know what you mean mate and I think the bank’s realise they made a mistake, hence some now advertising English only call centres. I can’t understand them either, sounds like they are singing at me!
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india began its rise as a nation , as soon as it ditched the empire, may of taken a while, but now the brakes are well off.
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Does this mean that we will soon be reading an article about an attractive Indian woman who is going to promote Jersey on the subcontinent?
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rozel(6)can you say more?
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