Indian companies meet gulf investors in hsbc initiative

Published January 29th, 2007 - 07:58 GMT

Eight Indian companies listed on the Bombay Stock Exchange with a combined market capitalization of almost US$8 billion (AED 29.36 billion) held a series of meetings and presentations with Gulf investors today. The event, the “East-East Investment Forum”, is an initiative of HSBC, and is a forum for potential investment and business partnerships between the Gulf and the subcontinent.

“The tremendous growth in both the Gulf and Indian economies has driven a huge interest in cross-border investments in Indian companies and markets,” said Niall Booker, Deputy Chairman and Chief Executive Officer, HSBC Bank Middle East Limited.

“The purpose of the East-East Investment Forum is to introduce Indian issuers to Gulf investors. With over 60 investors attending from four different countries, I believe we have struck a chord with both groups,” he added.

HSBC sees East-East as a major economic trend in the 21st century, with the large investable pools of liquidity in the Gulf being increasingly deployed in the rapidly growing economies of Asia.

“The world’s most dynamic and fastest-growing economies are coming together as never before, and as a bank with deep roots in both geographies, we are the natural partner for this development,” Booker added.

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