| Japanese investors to stay invested in India: Daiwa |
| Our Markets Bureau / Mumbai July 26, 2006 |
| Correction or not, the Japanese are here to stay and Indian companies can take advantage of it, according to representatives of Daiwa Securities SMBC - one of Japan's biggest investment bankers. The firm, which officially inaugurated its first Indian office at Mumbai today, has based its business plan on continued strong inflows of capital from Japan to India despite the recent slowdown and hopes to open a new way for Indian companies looking to raise capital. "Japan has a very, very big economy but the growth is slow. In India, it is the opposite - there are companies which are growing very fast, the population is young, the economy itself is growing at 7-8%, the prospects are good. Unlike many other groups of investors, Japanese investors are very long-term ones with horizons stretching to even decades. By establishing our presence here directly, we hope we will be able to meet both group's requirements effectively, |
