Atradius Collections Strengthens Its Presence in India

PR63763

AMSTERDAM, Mar. 14, 2016 /PRNewswire=KYODO JBN/ --

     Atradius Collections announces the opening of a new office in Mumbai,

India. The company continues to expand into new markets, strengthening its

global market position.

(Logo: http://photos.prnewswire.com/prnh/20150421/740164-a )

    India's economy is the 7th largest in the world by Nominal GDP and the

third largest by Purchasing Power Parity (PPP). In Q4 of 2014, India became the

leading growth engine in emerging Asia, expanding faster than China. India is

classified as a newly industrialised country and is one of the G-20 major

economies.

    Managing Director Raymond van der Loos acknowledges opportunities in India.

"Due to India's new government and the increasing number of new investors and

businesses, India's average growth rate has accelerated to 7%. This suggests a

growing range of opportunities for local and foreign businesses to participate

in India's economy."

    With the opening in Mumbai, Atradius Collections is now able to provide

full services locally. In Asia Pacific, the company also has offices in

Australia, China, Hong Kong and Singapore.

    Global reach and knowledge, local service

    Doing business in India can sometimes be challenging as you need to fully

understand the business environment and the legal differences. Therefore, a

physical presence and local knowledge are crucial to understanding the rules of

collecting debts in India. "India is a large country. We have a strong team of

experts in Mumbai with the right background and knowledge. With the help of our

extensive network, we can visit debtors across the country," says Raymond van

der Loos.

    Building relationships and understanding the local culture and language are

important in doing successful business. Being close to the customers enables

Atradius Collections to maintain positive interpersonal relationships with the

debtors. "Our local presence enables us to more easily contact, negotiate with

and convince Indian debtors to pay both for overseas and domestic companies,"

states Vikas Malik, the Head of Operations at the Mumbai office.

    Payments in India are being delayed to keep money in the company and to

avoid borrowing from banks due to the high interest rate, which might lead to

an increase in non-payments and insolvencies. Consequently the added value of

helping international customers locally is prominent.

    For more information about the new office in India please visit

http://www.atradiuscollections.com.

    About Atradius Collections

    Through a presence in 25 countries, Atradius Collections provides trade

invoice collection services in 96% of the countries across the world. Its wide

breadth of services, ranging from first party to legal collections, helps

companies around the globe recover unpaid invoices. Atradius forms part of

Grupo Catalana Occidente (GCO.MC), one of the leading insurers in Spain and

worldwide in credit insurance.

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SOURCE: Atradius N.V.