Director, Head of Asia Team and Group Head of Business Development
When BL magazine canvassed Channel Islands practitioners’ for their views to include in articles revisiting African and Indian themes, it was natural they would look to Minerva for whom these territories are very much home ground.
BL Magazine is a bi-monthly business and lifestyle magazine distributed widely in Jersey, Guernsey and across the UK. Together with its website, BL magazine aims to reflect the thoughts, vision and business capability of Channel Islands professionals.
Although Minerva often has the opportunity to contribute to the broad range of business topics BL magazine covers, the most recent editions of the magazine included articles on Channel Islands firms doing business in India and Africa. We thought the perspectives of Channel Islands practitioners’ on these markets might be of interest to readers who have much closer connections or interests in these regions.
The ‘Slow Road to Africa’ article, in which the author draws on the thoughts of a few selected Jersey professions, includes Minerva’s Sailesh Navsaria. The article highlights the strong belief amongst Channel Islands’ businesses that Africa is a key growth market for them, although acknowledges that in some respects, Mauritius is better placed to serve the market than Jersey and Guernsey. Minerva is fortunate to have a large and long-established presence in Mauritius and it is routine for our Jersey and Mauritius offices to work together in structuring the requirements of our sub-Saharan Africa connected clients.
In the article ‘Passage Back to India’, Minerva director Neel Sahai is widely quoted and explains that whilst commitment and patience are required to be successful in India, Jersey does have an attractive value proposition. Aside from building trust with India based intermediaries, Neel highlights the flexibility and success of the Jersey Private Funds regime arousing interest in the sub-continent particularly now that direct foreign investment routed through Mauritius no longer enjoys the same tax treaty benefits as it once did.
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