Matthew Parden, managing director of Duncan Lawrie, said: "We are seeing that wealth protection with consistent return over a medium time horizon is the top priority of investors who have suffered the downside risks of inflation and currency volatility in the domestic Indian market."
He said that after the RBI introduced the Liberalized Remittance Scheme, any Indian individual was able to invest upto $200,000 per annum in the overseas markets and not only UK.
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"We are happy with our client base in India and hope to increase it gradually. We do not want to be aggressive in terms of numbers," he added.
The company got the RBI license in 2009 to start the private banking business in India by way of setting up of a representative office.
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