Speakers at the Jersey Finance briefing on Asia and Middle East stressed that although there are undoubtedly huge market gains to be had, competitor offshore jurisdictions are already cementing their position.
Mauritius, Singapore and Cyp-rus have already set up double tax treaties with India.
Iceberg tip Asian businessman the Hon Apurv Bagri, outlining the extraordinary growth of both India and China in the past 15 years, said that there were signs that Chinese and Indian companies were beginning to make acquisitions in Europe and elsewhere.
‘That is the tip of the iceberg – deals are taking place but are not being reported.
