Standard & Poor?s has received an approval from the Foreign Investment Promotion Board to set up a wholly owned subsidiary in India to carry out its business in South Asia. The regional office is located in Mumbai and will be the second hub of S&P in Asia after Singapore.
Standard & Poor?s South Asia operations is expected to provide cross-border credit ratings, index services, investment research services, and global data and information services to the economies in South Asian region. The Mumbai office would serve customers in India, Pakistan, Sri Lanka, Bangladesh, Maldives, Mauritius, and Seychelles.
