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INTERNATIONAL NETWORK |
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| January 2008 - Three questions to François Rameau, Senior Country Officer - Calyon India |
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What field has Calyon covered in India over the last few years?
While recognizing that the business environment in India has been extremely brisk, Calyon India has managed to fully avail opportunities to: |
- strengthen its IRD franchise,
- become a leader in the area of syndicated credits in foreign currencies,
- considerably increase its portfolio of Indian customers, whether corporates and financial institutions,
- open two new branches, in Bangalore and Pune, thereby improving its geographical coverage, particularly in IT services and in the automotive sectors.
Why did Calyon develop its Structured Finance activity, particularly infrastructure financing ?
With an economic contribution now topping EUR 100m, Calyon India has to increase its customer base and broaden its capabilities. Opportunities in the area of Structured Finance stand out as one of our next growth relays in view of the huge domestic requirements. Although long identified by the main economic players, these requirements have only just begun to be tackled.
For about a year now, we have seen a dramatic surge in infrastructure projects (power generation, ports, airports…). If all the projects are not up to the same standard and are not as carefully planned, there is nevertheless a sufficient number of established sponsors and opportunities to lastingly invest in infrastructure finance, one of Calyon's strong areas.
What are Calyon's other growth relays in India?
The broadening and strengthening of our FIM offering. Resting on our dual track record in the areas of derivatives and syndications in foreign currencies, we now need to take a foothold in the local bond market (in rupees). This will considerably enhance our credibility and our local capabilities including in infrastructure financing which traditionally calls for very long term finance.
After a promising year in 2007, we are also very ambitious in the areas of Trade Finance and Structured Trade. Lastly, subject to obtaining the relevant licence, we hope to start an equity derivatives activity in India.
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