Britain's small firms turn to India for trade prospects
14/03/11 | 10:51
UK companies are increasingly looking to India for trading opportunities as more than 500 small and medium sized enterprises last week attended an event in Manchester to learn about new business prospects in India.
With India’s economy expected to grow by around 10% this year, the event, which was organised by the UK India Business Council and supported by UK Trade and Investment, covered business opportunities across a range of sectors, including: education and skills, life sciences and healthcare, retail and logistics, advanced manufacturing, digital technology and infrastructure.
Minister for Trade and Investment, Lord Green, said he hoped the event would enable more small and medium businesses to approach the Indian market with greater confidence and success.
He commented: “With UK goods exports to India up by 37% last year, more and more UK firms are realising the potential benefits of India’s fast-growing economy. “
The event was the latest step in the drive to build the UK-India trade and investment relationship. Last July, prime minister David Cameron led the largest-ever British government delegation to India. Since then there have been a number of initiatives and the most recent event illustrates the continuing momentum as UK firms from a wide range of sectors take part.
© Crimson Business Ltd. 2011
This news articles is provided by Crimson Business Ltd. The British Chambers of Commerce is not
responsible for the content listed here and has in no way endorsed this article.
For more information, please email editor@crimsonbusiness.co.uk