S&P Dow Jones Indices sets long-term growth plans for India

Jun 26 2014, 13:13 IST
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SummaryAsia Index, a BSE and S&P Dow Jones Indices venture, is looking at growing its business by introducing more products in the country.

Asia Index, a BSE and S&P Dow Jones Indices venture, is looking at growing its business by introducing more products in the country.

"We are looking at growing in Indian market by introducing more products. We wanted to be here for the long term and we understand that the growth is going to take time but it will happen. We believe we have BSE as our strong partner," S&P Dow Jones Indices MD Alka Banerjee told reporters.

"India is a market of great strategic importance to S&P Dow Jones Indices. We are excited about the launch of Asia Index and look forward to working closely with the BSE to meet the increasing demand of this critical market segment," she said.

"We are using our technical expertise for not only commercialising existing indices but also to build new ones," Banerjee said.

Asia Index has successfully launched third index S&P BSE India Infrastructure Index last month. It had earlier launched the Shariah Index and the S&P BSE India 10-year Sovereign Bond Index.

US-based S&P Dow Jones Indices — the world's largest index provider — entered into a 50:50 joint venture with BSE in last February to provide an array of indices enabling global and domestic investors to participate in South Asia's vibrant economies

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