Jersey Finance, the organisation that promotes Jersey as an international financial centre, has established a dedicated business development team in India in preparation for the 15 March opening of its Mumbai office.

Leading the India group are business representatives Kapil Dua, who will be based in Delhi, and Jyoti Tathgur, who will be based in Mumbai.

Dua brings over 9 years' experience in business strategy and market entry, having worked as corporate advisor and research analyst for foreign investors entering the Indian business sector. He also previously served as head of business services for the UK India Business Council. Tathgur, a sales and marketing professional, most recently served as inward investment manager for International Business Wales.

Both appointees will report to Sean Costello, the newly-appointed head of business development for India. Costello will also be functioning as head of business development for the Gulf Cooperation Council, which is set to open on 20 March.

"In recent months we have seen growing interest from India in the capabilities of Jersey’s finance industry, particularly our wealth management, corporate, banking and funds businesses. Complementing our Abu Dhabi office, our on-the-ground team in India will be vital as we look to capitalise on our success so far and build Jersey’s positive links with key contacts in the country," Geoff Cook, chief executive of Jersey Finance, said in a statement.

Jersey Finance has representative offices in Hong Kong and, from March 2011, Mumbai and Abu Dhabi.