‘Wall Street Journal’ Parent Doubling Investment in India

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By: E&P Staff

Wall Street Journal parent Dow Jones & Co. said Wednesday it intends to double its investment in its operations in India, with the aim of making the subcontinent one of its largest operating units outside the United States.

“India is an increasingly important market for us,” said Bruce MacFarlane, vice president and managing director, Asia Pacific, Dow Jones Enterprise Media Group. “The opportunities are significant and will only continue to grow as the Indian market becomes more and more hungry for high-quality business news and information.”

Mitya New, Dow Jones’ managing director for India, said the company had recently expanded its office in Mumbai and planned to expand in Delhi over the next two months.

“We already see ourselves growing quickly in India,” New added.

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