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India is a very important market : "Societe General"

New Delhi, November 21, 2006

One of the largest financial services groups in the euro zone, Societe General Group with a leading high-profile delegation is currently on a visit to India.

The name which is rapidly building up a significant retail banking pressure in Central and Eastern Europe has underlined its visit to India as an important strategic exercise to make its services globally effective and applicable.

The group believes in strong potential of India as a growing force in the global marketplace, and views Asia and India a sstrategically important to the Bank's future development. "India is a very important market. India has a bunch of world-acclaimed companies and brands with huge potential where we can easily find good customers says Mr. Daniel Bouton, Chairman and Chief Executive Officer of Societe General Group Management Committee.

The delegation which is slated to visit Chennai, Bangalore, Kolkata and mumbai to study the business environment has come to India with an intention to develop activities in the field of consumer loan and find opportunities to interact with specialists in the economic and financial fields. It will gain a greater appreciation of india's dynamic and exciting economic and cultural landscpaes, through exchanges with diverse business, political and cultural figureres.

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