City & Corporate: FD signs deal for India investment

Financial Dynamics has hooked up with one of India's largest corporate comms firms in a bid to capitalise on international investment in the country's expanding economy.

FD and Indian corporate comms shop Vaishnavi Corporate Communications have launched a joint venture through which both firms will refer clients to each other.

FD chief executive Charles Watson said the deal would formalise an 18-month relationship between FD and Vaishnavi, which have both been working for Indian conglomerate Tata Group. FD worked on Tata Motors' listing of American Depository Receipts on the New York Stock Exchange last year.

Watson refused to rule out a more concrete joint management structure with Vaishnavi MD Nira Radia.

Vaishnavi's other main clients include The Himalaya Drug Company and Indian TV firm Channel V.

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