Experian set to enter Indian market

Mumbai, March 27: Global information solutions provider Experian is all set to enter the Indian market with an over USD one million initial investment and is scouting for partners to fulfil FDI guidelines, company officials said here today.

"We have started preliminary discussions with potential local partners," Experian Managing Director Richard Fiddis said here without taking names.

The country has the potential to earn twice as much revenue as compared to its us market in the next 10 years, Fiddis said.

"India is a great potential market. It could be twice as big in terms of revenue as compared to our biggest revenue generating country, the US," he said announcing the opening of the company's first office in the country.

Experian earned USD 1.6 billion from its US operations, about 58 per cent of its USD 3.1 billion turnover, in the last fiscal.

If the country continues its credit and GDP growth there is no reason why India cannot be its biggest revenue generator, he said, adding that it has the potential to become "our largest global market player in the long term".

Source: ZEE