Exporters urged to look to £7.6 billion India market
The Hub News Team | 26.6.19
Business across the Marches are being urged to consider the £7.6 billion export market in India as companies look to expand their international horizons during the uncertainty over Brexit.
A UK roadshow promoting the opportunities in South Asia markets is landing in the Midlands next month, with exporters from Herefordshire, Shropshire and Telford & Wrekin invited to the event.
Rhiannon Harries, Regional Director, Trade & Innovation, South Asia, and the Department for International Trade's (DIT) India team will be joined by advisors from Invest India and partners from across the UK on July 1 at the Ricoh Arena, Coventry.
Crispin Simon, Her Majesty's Trade Commissioner for South Asia, will also be at the roadshow promoting business opportunities in the world's fastest growing G20 economy.
Paul Hinkins is the Chairman of the Marches Growth Hub, the business support service delivered by the Marches LEP and partners in the region.
He said many businesses trading internationally were interested in knowing more about emerging sectors and established markets outside of Europe, given the current uncertainty around Brexit. India is currently experiencing a sustained period of strong growth.
"As global growth moves east, India matters to the UK more than ever. The size of the Indian economy, the world's 6th largest with the highest expected growth rate in the G20, makes India a vital market for UK exporters.
"In two years, India has moved from 130 to 77 in the World Bank's Ease of Doing Business rankings - an unprecedented jump of 44 places. In 2018, UK exports to India grew by 17.3% to £7.6 billion, registering their 8th successive quarter of growth" he added.
New UK exporters and companies that are already trading in overseas markets and would like to learn more about the opportunities for their business in India are invited to the event.
Companies will benefit from dedicated time with DiT market experts, through 1-2-1 pre-booked meetings. Places are limited, so companies are being urged to register interest early to avoid disappointment.