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| India Captive Center Setup |
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| Pierian will assist
in setting up a fully owned company that will be a subsidiary
of the client in India. The regulatory, taxation and legal
compliance obligations will rest with the client. The
client will retain Pierian to operate the subsidiary at
mutually agreed terms. The subsidiary will report into
assigned representatives / council / board of the client,
while the day-to-day operations will be taken care of
by Pierian. |
| The management contract
for Pierian will be for a term of two years extendable
with mutual consent. |
| The size of the
subsidiary, exposure, risk, long-term commitment, employee
retention, regulatory compliance, etc makes this option
viable only in certain circumstances. This option should
be undertaken only when the size is large and there is
prior India exposure. However, the nature of the business
models suggested here is such that the B-O-T model would
eventually lead to a 100% subsidiary. |
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