New reports spotlights technology opportunities in India
Launched to coincide withtwo Indian delegations visiting the UK, the report is aimed at British firms working with semiconductors, mobile communications and healthcare. It provides valuable information about the opportunities to combine the UK’s frontier expertise with India’s huge ICT industry to provide technological solutions for India and the world.
Minister for Trade, Investment and Business Lord Davies recently visited India, which increased investment into the UK by 44% in 2008, becoming the second largest source of investment after the US. Two-thirds of the Indians firms investing in the UK are in the software and technology fields.
Lord Davies said: “It’s been over a decade since outsourcing was the buzzword. Now, innovative Indian and UK firms are working together at the top end of the industrial spectrum. India’s talent, confidence, energy and entrepreneurial spirit must be seen to be believed.”
‘Business Opportunities in India for Technology Partnerships’ is part of UKTI’s ICT strategy to help SMEs tap into partnership programmes and business opportunities through missions, networking and face-to-face meetings. Combining UK technology expertise with the scale of India’s ICT industry should lead to powerful solutions for India and globally.
The first delegation to the UK is the Indian Semiconductor Association, from 29 September to 2 October, following a recent MoU signing in New Delhi to work with UKTI on developing India-UK technology partnerships. A major part of the programme will be UK-India seminars and networking events organised with Silicon South West, South West Regional Development Agency and East of England International.
NASSCOM is the second delegation, bringing 14 of its members covering a variety of areas, including e-learning and healthcare. Events organised in London with Intellect and Think London will help UK companies explore how to work with Indian firms and meet one-to-one with the NASSCOM delegates.
UKTI Chief Executive Sir Andrew Cahn said: “Despite the global difficulties India remains a vital growth economy with opportunities to match. With potential partnerships across technology sub-sectors, coupled with a severe skills shortage, now is the time for UK companies to take advantage of the technology boom.”
To help British business enter the Indian market, UKTI’s presence is stronger than ever with 90 staff on the ground in India alone. UKTI can help UK businesses looking to explore options in India, find business partners and provide grants to help firms attend tradeshows.
UK-India bilateral trade is worth £12.6 billion with double-digit growth in the last year. The UK’s exports to India rose in 2008 to £5.9 billion while imports in 2008 to £6.2 billion.
To request a copy ‘Business Opportunities in India for Technology Partnerships’ email [email protected].
For more information on the Indian delegations visiting the UK contact Jennie Rich on
020 7215 4742 or [email protected].
020 7215 4742 or [email protected].
ENDS
For information on UK Trade & Investment please contact Natasha Guerinoni on
020 7215 4218 or [email protected].
020 7215 4218 or [email protected].
Notes to Editor
UK Trade & Investment (UKTI) is the government organisation that helps UK-based companies succeed in the global economy. We also help overseas companies bring their high quality investment to the UK’s economy – acknowledged as Europe’s best place from which to succeed in global business. UKTI offers expertise and contacts through its extensive network of specialists in the UK, and in British embassies and other diplomatic offices around the world. We provide companies with the tools they require to be competitive on the world stage. For more information please visit www.uktradeinvest.gov.uk or telephone +44 (0)20 7215 8000. For latest press releases, visit the online newsroom at www.newsroom.uktradeinvest.gov.uk.
More information on UKTI can be found at www.blog.ukti.gov.uk; www.youtube.com/UKTIWeb;www.flickr.com/ukti;and http://twitter.com/photos/ukti.
UKTI identified the Information and Communication Technologies (ICT) sector as one of five priorities for action in UKTI’s strategy “Prosperity in a changing World” launched in July 2006. As part of UKTI’s strategy to promote the UK ICT sector as the forefront of the global industry, a marketing toolkit is available for the industry’s use. The toolkit can be viewed at www.uktechnology.info