Doing Business in India

As one fourth of what is known as the BRIC countries, India presents numerous opportunities for companies seeking international growth. The seventh largest country in the world by geography, India is the world’s most populous democracy, with a population of 1.2 billion people. And with a projected GDP growth rate of over 8 percent, it is also one of the world’s fastest growing economies. When purchasing power parity is taken into account, India’s economy is the fourth largest, at US $3.64 trillion.

J.P. Morgan has a long-standing history in India, dating back to the early 20^th century. One of our predecessor firms (Chase National Bank) opened a representative office in Mumbai in 1945, and another (J.P. Morgan) was one of the founding shareholders of the Industrial Credit and Investment Corporation of India Limited (ICICI) in 1955. Today, India is one of our largest locations outside of the United States and serves as a regional hub for many of the bank’s businesses in Asia. We currently serve multinational companies, as well as local corporate and financial institutions, from our Mumbai branch.

J.P. Morgan Treasury Services in India

If you’re doing business in India, J.P. Morgan is there to help. J.P. Morgan offers a full range of cash management services, in local and foreign currencies, in support of both India-based clients and multinational companies with established offices or regional treasury centers in the country. Our dedicated Treasury Services staff in India includes sales, customer service, implementation and product management.

Our suite of treasury management services in India include:

• Cash Management Services. Accounts are available in Indian rupees and foreign currencies, including US dollars, Euros, pounds sterling and Japanese yen.
• Payables and Receivables Management. Our products and services include check clearing, foreign currency payments, FX trading, low- and high-value electronic payments and receipts, and tax payments.
• Liquidity Management. Our services include time deposits, physical cash concentration and working capital facilities.
• Electronic Banking. J.P. Morgan ACCESS^SM offers an efficient way to interface with J.P. Morgan in India, as well as with the global J.P. Morgan network. Our broad range of banking services includes accounts payable, payroll, treasury settlement, cash accounting and collections management.
• Trade Services. J.P. Morgan offers trade services in INR and foreign currencies to India-based clients to complement our cash management offerings. These include structured trade finance, global supply chain, letters of credit and import and export loans.
• Escrow services. Those involved in mergers, acquisitions, raising capital or other transactions requiring escrow strategies can take advantage of our Escrow services.
• Commercial Cards. We offer corporate card services through alliances with local banks, and for clients with U.S. and/or EMEA card programs, we can help facilitate the application process with local banks.
• Foreign Exchange. We offer a full spectrum of currency services, including exotic options, major currencies and emerging markets.

Working Capital Solutions to Meet Your Needs

In addition to treasury management services, J.P. Morgan provides:

• Investment banking services. In fact, J.P. Morgan is one of the few fully integrated investment banks in the India with leadership positions across Mergers & Acquisitions; Equity Capital Markets; Debt Capital Markets; Equity Sales & Trading; Credit & Rates; Foreign Exchange; Global Emerging Markets; Research; and Futures & Options.
• Asset Management. J.P. Morgan Asset Management, which started its mutual fund business in India in 2007, currently distributes its funds through a network of banks, independent financial advisors and national distributors. Our Asset Management business currently has 12 funds and serves more than 120,000 investors across the country.
• Securities Services. Through our Worldwide Securities Services business, we offer global custody, futures and options clearing, collateral management, clearance and settlement services and depositary receipts

For more information on J.P. Morgan’s services in India, contact your treasury services representative or visit our India Country website.