India’s economy is about the eleventh largest economy in the world and most preferred world foreign investment destination. It has to its credit a number of globally recognizable brands and has developed a respectable niche in multiple key industries, including medical tourism, pharmaceuticals, fast moving consumer goods, outsourcing, etc. While its continuing challenges with poverty, corruption, terrorism and wealth distribution remain, India’s expanding ranks of middle class and influential business men testify to its potential to stake a valid claim to a secured place in the global order of emerging nations.
Considering the similarities between India and Nigeria, perhaps Nigeria does have a lot to learn from India. Also, India’s brands and businesses have since been making recognisable forays into Nigeria. With this in view, Perchstone & Graeys has worked to establish a growing affiliation with the Asian continent, especial focus being on India.
As our contribution towards generating solutions for various industry challenges, we have annually convened a conference, the Annual Law Series (ALS), primarily concerned with creating a better understanding between the business community, leaders of government and legal community. In June 2013, we crossed a significant frontier by becoming the first Nigerian law firm to open a pathway of engagement with the organized private sector of India when Perchstone & Graeys organized the inaugural edition of its India Africa Business Series (IABS) in New Delhi, India.
In 2015, we continued our tradition aimed at expanding the commercial space for interaction between companies from India and Nigeria, by hosting the India Nigeria Business Forum (INBF) in Mumbai, India; with unique business matchmaking opportunity to attending businesses. In 2016, in collaboration with the office of the Vice President of the Federal Republic of Nigeria, the firm led a 25-Man Delegation (and 3 sector Ministers) to the CII-EXIM Bank on India-Africa Project Partnership, in New Delhi, India; being the 11th edition, organised with the support of the Ministries of External Affairs and Commerce and Industry, Government of India; and Nigeria as the ‘Country Partner’.
Till date, our firm continues to explore the existing opportunities both countries share, to create a mutually beneficial synergy for both economies.