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"Doing Business in London" - Colloquium hosted by Ma Foi Europe and Think London |
| March, 2006 |
India is one of the fastest growing economies in the world and its rate of growth will be sustained over coming years. India has become increasingly open to international trade and international investment, and the UK and India are important trading and investment partners.
UK has emerged as a preferred gateway to Europe for many Indian companies after the slowdown. In fact, there are far more Indian companies listed on the London Stock Exchange than on the NASDAQ and New York Stock Exchange combined. The IT /Software sector currently accounts for half of all investment from India into the UK. Indian investors are attracted to the UK's pro-business, low tax environment and proximity to the European market.
From an Indian view point, most major British companies consider it "business critical" to have partnerships in India. UK is the 3rd biggest inward investor in India. Top sectors for UK FDI to India include power, oil & gas, telecom and service industries. The UK is keen to see more cooperation in biotech, healthcare, pharmaceuticals, automotive, engineering, ICT and other hi-tech areas.
It is in this back drop that Think London and Ma Foi Consultants Europe Ltd., together present a colloquium on conducting business in London, UK .The event is a platform to acquaint business houses from India on the opportunities and modalities of expansion into Europe.
Think London is the official foreign direct investment agency for London. A non profit organization, it delivers expertise and advice to International businesses, working with government and the business community to help companies set up their business in UK.
Ma Foi Europe, the wholly owned subsidiary of Ma Foi Management Consultants ltd., India's largest HR services company has been instrumental in facilitating a large number of companies set up presence in London. It offers Executive Search, Staffing Solutions, and HR BPO/Outsourcing for clients apart from business intelligence and talent
Ma Foi Europe's expertise lies in advising clients on understanding the differences in expectations in terms of work practices, compensation and benefits structuring, organizational role and responsibilities which arise as a result of diverse cultural environment, from a Europe perspective. The company works closely with the client and the candidate to bridge this gap and often provide help to the candidates in settling in a new cultural setting.
The company, in association with Think London will offer turnkey solutions for Corporates looking to expand into Europe.
The colloquium will be chaired by Michael Charlton, Chief Executive, Think London.
About Michael Charlton, Chief Executive, Think London.
Michael is Chief Executive of Think London, the official foreign direct investment agency for London. He directs the team, both in London and internationally, responsible for world-wide promotion and business development for London. He manages relationships with central government, The Mayor's Office, London Development Agency and the London business community. He has a great deal of experience working across global markets and sectors and in developing business opportunities in Asia Pacific, North America, Europe and South Africa.
Michael is a member of the steering group of "London Unlimited" - the Mayor's initiative to promote a coordinated brand platform for London - promoting London internationally to overseas investors
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Notes to Editors :
Ma Foi Consultants Europe Ltd. is a wholly owned subsidiary of Ma Foi Management Consultants Ltd. Ma Foi Europe operations, coordinated from London, caters to the growing demand of skilled staff by European Companies in multiple specialist sectors such as IT, Telecom, BPO, Manufacturing, Engineering, Healthcare, Energy and Financial Services. Apart from Executive Search, Staffing Solutions, HR BPO/Outsourcing, Ma Foi Consultants Europe also offers services like India Entry Strategy and Gateway to Europe to multi-national companies across the globe.
For more details on Ma Foi Europe visit www.mafoi.co.uk
Ma Foi is a 13-year-old public limited company. Having started in 1992 at Chennai with a focus on recruitment services, Ma Foi has grown to become the largest HR services provider in India. Currently Ma Foi has a presence in 8 countries through 58 offices - India, UAE, UK, Singapore, Sri Lanka, Malaysia, Oman and the US, and over 1334 clients including 163 Fortune 500 Companies. Ma Foi has posted revenue of Rs.212 Crores for the year ending December 2005.
For further details on Ma Foi visit : www.mafoi.com.
Vedior is one of the world's largest recruitment companies and is a full-service recruitment provider with a diversified portfolio of brands targeting a broad range of industry sectors. Annual sales for 2005 were € 6.,.85 billion. From its global network of offices spanning Europe, America, Australasia, Asia, the Middle East and Africa, Vedior offers temporary and permanent recruitment as well as a number of complementary employment-related services such as outplacement, HR outsourcing, pay rolling and training. Vedior has a leading market position in the provision of professional/executive recruitment in sectors such as information technology, healthcare, accounting, engineering and education. In order to meet client requirements for all categories of personnel, we also have a significant global network providing administrative/secretarial and light industrial recruitment.
For further details on Vedior, visit : www.vedior.com.
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For further details contact |
Hastha Krishnan
Director - International Key Accounts
Ma Foi Management Consultants Ltd.
Chennai, India
Tel: 91-44-55228000
Email : hastha@mafoi.com
Website : www.mafoi.co.uk
For editorial queries :
Vidhya Srinivasan
Vice President
Integrated Brand-Comm Pvt. Ltd
Chennai
Tel: 044 - 28520149/48
Email : vidhya@brand-comm.com
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