28 October 2009 - PRESS RELEASE - ICRA Management Consulting Services Limited (IMaCS) and ECORYS Nederland B.V. (ECORYS) have signed a Memorandum of Understanding (MoU) for joint working in Management and Development Consulting. The MoU shall cover all regions where ECORYS and IMaCS operate around the world.

The MOU enables ECORYS and IMaCS to pool their expertise and jointly offer consulting services to Governments, multi-lateral agencies, regulators, banks, corporates, and investors, in both developing and developed countries. ECORYS and IMaCS bring complementary strengths to the relationship, with ECORYS having in-depth knowledge of Europe, and IMaCS being well known in India and in many countries of Asia.

About ECORYS
ECORYS , set up in 1929 in the The Netherlands, is one of the largest European providers of research based consultancy services to public and private sector clients throughout the world.  Ecorys has been active in over 110 countries and has executed assignments in the fields of Regional and Urban Development, Real Estate and Area Development, Economy and Competitiveness, Transport Mobility & Infrastructure, Energy and Climate Change, Water and Environment, Social Policy and Administration, Labour and Education, Healthcare and Finance. 

About IMaCS
IMaCS, a wholly-owned subsidiary of ICRA, is a multi-line management and development consulting firm headquartered in India with an operating footprint across 35 countries. IMaCS’ consulting expertise straddles several practice areas including Strategy, Risk analytics, Process re-engineering, Policy advocacy, Regulatory Economics, Development consulting, and Financial advisory services. IMaCS has accumulated substantial expertise in several verticals including Banking & Finance, Energy, Transportation, Water & Waste Management, Manufacturing industries, Healthcare, Tourism & Hospitality, Urban Infrastructure & Real Estate, Education, Telecommunication and Information Technology.

“We are very pleased to be entering into this MoU with a quality organization like IMaCS, and are excited at the prospect of providing our joint services and products to clients throughout the world.  Of course, we are looking to strengthen our presence in the rapidly growing Indian market, but we also see large opportunities for working together outside India, in particular in Europe, Africa, and the rest of Asia.  In joining hands we are looking to offer policy and decision makers solutions to complex problems based on the combined experiences of the developed and developing worlds, in-depth knowledge of the sectors in which we operate, using state-of-the art quantitative and qualitative methods.  We believe that the global market for research based consultancy services is set to grow, and the signing of this MoU puts IMaCS and ECORYS in a very good position to exploit this market in the coming years” said Mr. Marten van den Bossche, Chairman, ECORYS Nederland B.V.

“IMaCS is pleased to partner with ECORYS in this MoU to create a world class consulting consortium that offers management and development consulting services to both the developed world seeking to rejuvenate growth, and to the developing world in replicating or charting out unique and sustainable solutions to real life problems. Going forward, we foresee a robust demand for high quality consulting services in the areas of competitiveness, risk management, regulatory economics, and governance coming from Governments, banks, infrastructure sector, across the world” said Mr. Raghuttama Rao, Managing Director of IMaCS.

End of press release

For more information about IMaCS, please visit their website.

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