Island could become hub for India business

GUERNSEY is 'on the radar' for funds and fiduciary business in India, Guernsey Finance has claimed following a visit to the country.

The promotional agency believes that the island can become a hub for Indian business in Europe and the West and said that 'significant opportunities' are beginning to emerge for Guernsey in India.

Chief executive Fiona Le Poidevin, pictured, last week led a local industry delegation to Mumbai.

'We had a very busy and productive week,' she said.

'It was encouraging to see that India has Guernsey on its radar and that there is a keen interest in what we have to offer in both the investment funds and fiduciary sectors, particularly in terms of fund structuring and wealth management services.'