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| Management Companies are also Third party service providers, but in the
strategic area of the business. However, the concept of Third party
providers is not yet very popular in the Indian companies, even in the
non-core areas, therefore the success of management companies in India
is still a distant reality. However, in some of the areas, such as Shipping, IT, Financial Management, Asset Management, Event Management etc, there is already a market in India. These markets have performed well in the Indian markets. Ship management companies have been in India for two decades now. They have established themselves as providers of cost-effective vessel management to ship owners. This is essentially the business of manning, equipping, provisioning and maintaining a ship. It covers the technical, commercial, and crew management. Technical management includes maintenance, dry-docking and technical up gradation. Investment management companies in India include mutual fund management companies, portfolio management companies, financial services organizations, which generally provide a diversified range of risk management, wealth management and money management products for individuals and corporations in India. Travel management companies in India offer a range of services that include corporate travel, car rental, domestic and inbound tours, outbound, leisure and incentive group travel, conference management and foreign exchange transactions.
~ Category editor Sakina Kadiwala. copyright data indianchild.com
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