India set to become big destination for investors: Rosling

SINGAPORE: India is set to become the next big destination for foreign investments as investors gain confidence and experience working in the country, former Executive Director of Tata Sons Alan Rosling said today.

"Talking to people in Asia, we hear more opportunities opening up in India," said Hong Kong-based Rosling.

He noted the efforts being made to improve business environment in the country.

"India is also becoming much more interesting as Indian companies are coming out to invest in the region," he said.

Rosling, who recently joined Singapore's Apex Avalon consulting group as senior advisor, expects increasing investments from Indian corporations in Asia, given the ongoing economic development across the region.

"In the next five years, Asian companies would invest in each other's markets," said Rosling who has worked for 13 years in India from 1998 and also served in Prime Minister John Major's government in the United Kingdom.

"We will bring to the table knowledge of India and the region and help corporations find partners in new markets," he said.

The Apex Avalon, a joint venture of India's Avalon Consulting.

Elaborating on his new role, Rosling said: "Avalon is well positioned to help clients grow in Asia given the increasing business ties between India and the region and Avalon's regional experience of over 25 years with clients."

"Rosling's wide experiences will be an asset that we can offer to businesses to understand and benefit from the growing commercial ties between India and Asia-in particular China," Executive Chairman Apex Avalon Girija Pande said.