India Infoline expanding presence in Kuwait

India Infoline Ltd has announced that the Company is pressing ahead with its aggressive expansion plans to augment business in the oil-rich nation of Kuwait.

The Company is expanding it presence in the Middle East for all its services right from equities and commodities broking, PMS, Insurance and mutual funds. Kuwait continues to have its comparative advantages over the countries in the region, in terms of having a large NRI base. The Company's robust Internet enabled platform backed with strong research empowers clients to place orders directly on the exchange and clients have access to information anytime, anywhere.

The Company with its leveraged technology, acclaimed research and expert advice manages your portfolio in India, with service par excellence ensuring wide choices all under ones roof. It targets all classes of investors giving them access to cost effective research based advice to invest in India. India is one of the top investment destinations given the robust long term growth prospects and continuing economic and market reforms.

The Company obtained membership of the Dubai Gold Exchange in FY06. The business is a strong area of focus for the Company in the current year given the high volatility in prices in recent times.

Speaking to the media, Mr. R Venkataraman, Executive Director, of the Company said, "Kuwait is a significant regional trading economy and our presence here will materially strengthen India Infoline’s coverage of the Middle East region. Fast growing domestic market, a strong entrepreneurial culture, increasing comparative advantages of lndian industries and a robust capital market framework continue to make India an attractive investment destination. We see considerable business potential, particularly for our broking and PMS offerings to our clients in Kuwait and allowing us to capture the large NRI base in the country. Our equities and commodities broking have immense opportunities in Kuwait, for its demography, economy and consumption pattern, while our PMS will enable hassle free investing for keen NRI investors exposing them to our gamut of financial services".

Source : Equity Bulls

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