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Press release 2009
6 october 2009

Dow schofield watts announces indian strategic alliance

Dow Schofield Watts continues its growth announcing a Strategic Alliance with, New Delhi based, Mauryan Capital Advisors for the development of Anglo- Indian business. The strategic alliance further extends Dow Schofield Watts’ service offering to mid-market corporates.

The joint venture is to initially market three service offerings — “Market Entry India”, a range of services to help UK businesses establish themselves in India; “India Acquirors” sourcing Indian buyers for UK businesses; and “Invest in India” bringing Indian investment opportunities to UK corporate and private investors.

 As part of the Agreement, Mauryan Capital Advisors will provide New Delhi based professionals to assist UK corporates with plans to both evaluate and exploit investment opportunities in India.  

"We are very excited to be joining with Mauryan Capital Advisors in this alliance," stated James Dow, founding partner of Dow Schofield Watts LLP. "India is the fifth largest economy in the world and although the economic slowdown has put the brakes on overseas acquisitions, the determination for businesses to go global will continue.”

“This alliance formalises long standing business relationships and allows both businesses the chance to provide a comprehensive service delivery for cross-border activity with trusted partners."

Mauryan Capital advisors is a private investment and advisory firm co-founded by Nitin Bhandari and Shiv Wallia. Nitin was formerly a Managing Director at Nomura, and Shiv was previously a Managing Director at Merrill Lynch.

About Indian M&A

“Market Entry India”

key facts on India

As late as 2001, Indian outward investment was less than $1 billion. Instead, India—like all developing countries—was actively courting foreign investment into the country. By 2006, India had reached the tipping point. For the first time, Indian outward investment of $10 billion had outstripped foreign investment into India. The spending spree continued unabated in 2007 and 2008. Indian companies concluded 196 outbound M&A deals worth $13 billion and 86 inbound M&A deals worth $12.5 billion in 2008.

Indian companies M&A transactions have transformed India Inc. and its global footprint. Indians have emerged as second only to Americans as foreign employers of Britons.

Indian acquirors are back on the radar, but with two vital changes; first, the average sizes of the deals are much smaller compared to the earlier years; and second, the preference is for lower-risk acquisitions like brand buy-outs to boost business.

 

 India is believed to be a good investment despite political uncertainty, bureaucratic hassles, shortages of power and infrastructural deficiencies. India presents a vast potential for overseas investment and is actively encouraging the entrance of foreign players into the market. India is also one of the few markets in the world which offers high prospects for growth and earning potential in practically all areas of business.

Yet, despite the practically unlimited possibilities in India for overseas businesses, many companies still see it as a difficult market. Foreign investors should be prepared to take India as it is with all of its difficulties, contradictions and challenges.

 

Entering India’s marketplace successfully requires a well-designed plan backed by careful research and local guidance and relationships.

More on "Market Entry India"

  • Fifth largest economy in the world (ranking above France, Italy, the United Kingdom, and Russia)

  • $1trillion GDP growing at over 6% annually. Third largest GDP in the entire continent of Asia

  • Large domestic market :1.1 billion population including approx. 58 million urban middle class; Domestic consumption comprised 65% of GDP in 2008-09

  • Huge push on infrastructure: Planned infrastructure investment of approx. $500 billion between 2007 to 2012

  • Well established financial system

  • Abundant skilled manpower

  • Second largest pool of English speaking scientists, technical and IT manpower after the US