Lord Green welcomes UKIBC’s Invest India deal

Posted on 26 Jun 2013 by The Manufacturer

UK Trade Minister Lord Green has welcomed the launch of a new business initiative aimed at making it easier for British and Indian companies to forge closer ties.

UKIBC has signed an agreement with Invest India to help find partners for joint ventures, marketing tie ups and technology transfers, with British companies already beginning to sign up for it.

Welcoming the initiatives, Lord Green said: “This launch marks a major milestone in the creation of a pan-India network of Business Centres that was announced by Prime Minister David Cameron during his visit to India in February.

“The Business Centre in Gurgaon will not only be the first of six Business Centres to be rolled out across India, but also be the first opening of the business-led business centres that the UK Government is backing in 20 priority trade markets,” he added.

UKIBC Chair Patricia Hewitt said she was delighted the body had signed the agreement with Invest India, adding it would help UK companies identify investment opportunities in the country.

“Our partnership with FICCI and Invest India will be a vital part of our new services to British businesses looking to enter or expand in India,” she said.

The business centres are designed to transform the quantity and quality of support available to British businesses, especially targeting SMEs seeking to enter or expand in India.