Wolters Kluwer Tax, Accounting & Legal announced that it will open an office in India for its CCH unit and other related businesses.
CCH will operate through Wolters Kluwer's wholly owned subsidiary in India. The office in New Delhi will have full-fledged editorial, sales, marketing and customer support teams, supported by other resources in Asia Pacific.
Managing director for CCH India, Vinay Hebbar, said that the expansion is in line with the company's strategy of exploiting global scale and scope and that the company will continue to evaluate opportunities for local acquisitions and partnerships.
"With more than 800,000 lawyers and over 120,000 qualified chartered accountants, along with rapidly evolving tax and commercial laws and increased usage of legal services, this English-language content market presents an exciting growth opportunity," Hebbar said, in a statement. "CCH is building a presence in the market through investments in organic growth.”
In addition to developing print and electronic content in India, CCH will run customized training seminars for professionals in the tax, accounting, legal and human resources fields, as it hasalready done successfully in other markets in the Asia Pacific region. CCH will also offer workflow solution tools customized for the Indian tax and auditing environment, including Prosystem fx Engagement.
In 2005, Wolters Kluwer Tax, Accounting & Legal had revenues of $775 million. The company is n Riverwoods, Ill., and New York, while Wolters Kluwer is headquartered in Amsterdam.
