WHAT GLOBAL OPPORTUNITIES ARE YOU SEEING?
The world today is highly integrated. Indian companies are trying to get global, and international companies are trying to expand their footprint into India. India's emerging middle class offers a huge opportunity to international companies to tap into a rapidly growing market, especially when growth has been slow in the U.S., the U.K., Europe and Japan.
One of the biggest challenges for international companies in India is understanding and navigating the complex regulatory maze, especially insectors like retail trade, insurance, banking and telecommunications, which are still restricted for foreign investment. The other challenge is dealing with aggressive revenue authorities in India, which have sought to tax different types of onshore and offshore transactions in the recent past.
At Majmudar & Partners, we don't just stick to the legalese. Our advice comprises comprehensive risk analyses, which actually helps clients take reasoned decisions. In addition, we know the regulators fairly well and can often get insight into regulatory thinking when the letter of the law is unclear. All of this helps us in giving effective, solutions-oriented advice toour clients.
HOW HAS THE GLOBAL RECESSION IMPACTED YOUR BUSINESS AND WHERE DO YOU SEE FRESH OPPORTUNITIES?
The global recession has not impacted our business significantly. The strategic M&A investor has actually treated this phase as a good opportunity to buy undervalued assets in India. Therefore, this practice area has been busy. Additionally, corporate restructuring, tax and dispute resolution work has also increased tremendously, which has offset some of the slowdown in traditional and corporate finance work.
India is still young in its growth curve, both economically and legally. On the legal side, antitrust and securities laws are sunrise areas that offer atremendous potential. Further, infrastructure and project finance work is reviving. Majmudar & Partners is beefing up these practice groups. The ambition of the firm is to grow with the growing Indian economy, but without diluting our quality focus, which is our hallmark.
Find out more about Majmudar & Partners at www.majmudarindia.com.