India’s middle class is a major target for Island finance firms

AN international tax conference in Mumbai was told last week that India’s rapidly expanding middle class are a target market for Jersey’s finance industry.

Geoff Cook with JFL India team members Filonee Thakkar, Kapil Dua and Dominic Rodriguez
Geoff Cook with JFL India team members Filonee Thakkar, Kapil Dua and Dominic Rodriguez

AN international tax conference in Mumbai was told last week that India’s rapidly expanding middle class are a target market for Jersey’s finance industry.

Jersey Finance chief executive Geoff Cook has just returned from a visit to India, during which he addressed delegates at the 18th annual International Taxation Conference at the ITC Maratha Hotel.

Mr Cook said that India had an impressive growth rate of 5.3 per cent and remained a key long-term market for Jersey.

‘India is a market that offers huge potential and it is clear that there is scope for further expansion beyond Delhi and Mumbai in the years to come,’ he said.