Press Trust of India / Mumbai October 27, 2008, 17:00 IST
JPMorgan India, which plans to invest $1 billion across sectors in the country,
has so far committed $450 million in real estate, infrastructure, manufacturing
and financial sectors.
"We have a fund of $1 billion to invest in Indian companies. We have committed
nearly half the money in real estate, infrastructure, manufacturing and
financial sectors," JPMorgan India CEO Kalpana Morparia told PTI.
"These investments are opportunistic," she said adding there was no time-frame
for completing investments as the money belonged to the company.
JPMorgan, which started its India operations in 2001, has approached the
Reserve Bank for licences to set up four more branches in the country.
The branches would be in Delhi, Chennai, Bangalore and one more destination in
the south, she said. Apart from its branch in Mumbai, the company, presently,
has back-offices in Mumbai and Bangalore, with a headcount of 11,500.
Notwithstanding the global financial crisis, JPMorgan will increase its
headcount in India. "Headcount will grow," Morparia said.
"JPMorgan is focused on increasing its footprint across corporate and
investment banking, transaction banking and asset and wealth management
segments in Asia," Morparia said.
JPMorgan is a US-headquartered bank that has weathered the credit turmoil in
its home country. Outside the US, JPMorgan is involved in only corporate and
investment banking business
http://www.business-standard.com/india/storypage.php?tp=on&autono=48525
Sweet is the remembrance of troubles when you are in safety.
--~--~---------~--~----~------------~-------~--~----~
You received this message because you are subscribed to the Google Groups
"Kences1" group.
To post to this group, send email to [email protected]
To unsubscribe from this group, send email to [EMAIL PROTECTED]
For more options, visit this group at
http://groups.google.com/group/kences1?hl=en
-~----------~----~----~----~------~----~------~--~---
