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Burson-Marsteller
(B-M), which broke its nine-year-old joint venture with Roger
Pereira Communications in India last month, announced today
it had signed a MoU under which Genesis PR would "exclusively"
represent it in India.
In a communiqué, Genesis says that the alliance will make
available to it BM's global experience of over 50 years, international
expertise, reach in 34 countries and knowledge tools. B-M's
Asia Pacific president Bill Rylance said: "India is rapidly
becoming a key market for industry leading clients and our
partnership with Genesis PR will enhance our quality of services
and reach."
B-M and Roger Pereira Communications (RP) mutually agreed
to operate independently in India from June this year, RP
having acquired the 49 per cent stake held by B-M in the JV,
subject to receipt of all regulatory approvals.
While RP managing director Roger Pereira said, "For us and
our clients, it's business as usual." The decision to operate
independently was apparently taken because of the need felt
by both to work with clients of their choice, as a result
of the changed business environment since the JV was formalised
in 1993.
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