Executive Director of the International Finance Centre Ms. Sherri Ortiz was one of the featured speakers at the India Investment Summit 2010, which got underway in Mumbai yesterday.
Ms. Ortiz who left the Territory on Saturday as head of a 12-member private sector delegation to the summit, focussed on enhancing the competitiveness of investing in India by exploring regulation, legalities and complexities of setting up offshore funds.
Her remarks included a look at current economic and market conditions; regulatory barriers for exploring external investment structures for both inbound and outbound investments from India, tax information sharing and setting criterion for choosing an offshore jurisdiction to help fund managers and investors prevail through litigious and regulatory challenges.
The IFC is a platinum sponsor of the India Investment Summit, where the participants are senior level executives and the forum is aimed at evaluating the entire spectrum of investment products and opportunities in the burgeoning Indian funds and asset management markets.
The summit is regarded as a definitive event for domestic and foreign institutional investors looking to do business in the Indian markets and access established and emerging asset managers in India.
Explaining the significance of the BVI participation in the event, Ms. Ortiz said, “The objective is to showcase the BVI in a positive way to the India market; to demonstrate the flexibility of our structures, how BVI business companies can be utilised to share the advantages of doing business with our Jurisdiction.”
The delegates from the Virgin Islands include Mrs. Helene Anne Lewis of the firm SimonnetteLewis, Misses Monique Cova of Circle Trust, BVI, Prudence Phillip of AMS Group and Stacy Shaw of Orion Law.
Other members of the BVI delegation are Messrs. Chetan Nagendra from Harney Westwood and Riegels, UK office, Jose Mahar from Overseas Management, Dubai, Kapil Dhar from Sable Trust Office, BVI/India, Vishal Negandhi and Niels van Linder from Amicorp, Mumbai, Nitin Shingala from TMF, India and Mrs. Kawita Lalsing from Amicorp, Mumbai.
Mr. Chetan Nagendra addressed participants today, on day two of the summit. The theme of his presentation was optimising fiscal advantages brought by accessing India through offshore vehicles. Mr. Nagendra focussed on analysing legal and tax options that offshore funds present to overcome entry barriers; money managers’ considerations in investment allocations and distinguishing the advantages brought by lower effective rate of risk inherent in offshore financial structures.
Participants in the summit will learn more about India’s economic recovery, its attractive investment returns, and revived political stability, as well as gain exposure to India’s leading sectors to determine new opportunities for partnerships and investments. The summit also provides an excellent networking opportunity to share ideas, learn from others and build valuable and lasting partnerships with global investors and asset managers.
The International Finance Centre is the arm of Government responsible for the promotion and marketing of the financial services industry, ensuring that the Territory continues to be a globally integrated and responsible financial services centre.
Ms. Ortiz who left the Territory on Saturday as head of a 12-member private sector delegation to the summit, focussed on enhancing the competitiveness of investing in India by exploring regulation, legalities and complexities of setting up offshore funds.
Her remarks included a look at current economic and market conditions; regulatory barriers for exploring external investment structures for both inbound and outbound investments from India, tax information sharing and setting criterion for choosing an offshore jurisdiction to help fund managers and investors prevail through litigious and regulatory challenges.
The IFC is a platinum sponsor of the India Investment Summit, where the participants are senior level executives and the forum is aimed at evaluating the entire spectrum of investment products and opportunities in the burgeoning Indian funds and asset management markets.
The summit is regarded as a definitive event for domestic and foreign institutional investors looking to do business in the Indian markets and access established and emerging asset managers in India.
Explaining the significance of the BVI participation in the event, Ms. Ortiz said, “The objective is to showcase the BVI in a positive way to the India market; to demonstrate the flexibility of our structures, how BVI business companies can be utilised to share the advantages of doing business with our Jurisdiction.”
The delegates from the Virgin Islands include Mrs. Helene Anne Lewis of the firm SimonnetteLewis, Misses Monique Cova of Circle Trust, BVI, Prudence Phillip of AMS Group and Stacy Shaw of Orion Law.
Other members of the BVI delegation are Messrs. Chetan Nagendra from Harney Westwood and Riegels, UK office, Jose Mahar from Overseas Management, Dubai, Kapil Dhar from Sable Trust Office, BVI/India, Vishal Negandhi and Niels van Linder from Amicorp, Mumbai, Nitin Shingala from TMF, India and Mrs. Kawita Lalsing from Amicorp, Mumbai.
Mr. Chetan Nagendra addressed participants today, on day two of the summit. The theme of his presentation was optimising fiscal advantages brought by accessing India through offshore vehicles. Mr. Nagendra focussed on analysing legal and tax options that offshore funds present to overcome entry barriers; money managers’ considerations in investment allocations and distinguishing the advantages brought by lower effective rate of risk inherent in offshore financial structures.
Participants in the summit will learn more about India’s economic recovery, its attractive investment returns, and revived political stability, as well as gain exposure to India’s leading sectors to determine new opportunities for partnerships and investments. The summit also provides an excellent networking opportunity to share ideas, learn from others and build valuable and lasting partnerships with global investors and asset managers.
The International Finance Centre is the arm of Government responsible for the promotion and marketing of the financial services industry, ensuring that the Territory continues to be a globally integrated and responsible financial services centre.
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