The UK India Business Council has opened its first Business Centre in India, the first step in the UK government's plan to encourage British investment in emerging markets and provide support for British businesses, in particular Small and Medium-scale Enterprises (SME's).
The Centre, situated in the Delhi suburb of Gurgaon, was inaugurated in a ceremony attended by Lord Green, the UK Minister for Trade, who led a delegation of British Trade Associations including the British Chamber of Commerce (BCC) and the Federation of Small Businesses (FSB).
"This is an initiative which is very close to my heart. The centre will help UK small and medium sized businesses work closer with more established British businesses in India and provide them with the support needed to capitalise on the huge potential of the Indian market.
"The network of centres across India will also drive a step change in the number of UK companies doing business in India contributing to prosperity in both countries”, Lord Green said.
The Centre will help British companies, especially SMEs, experience a low-risk, low-cost entry into India. The facilities, which are available to all UK companies, include office space, meeting facilities, hot-desking, event space and a Launchpad® service.
Rt. Hon. Patricia Hewitt, Chair, UK India Business Council (UKIBC) said, “I am delighted that we are opening the first of a planned network of six such Centres across India. It will be run by UKIBC in partnership with UK Trade and Investment (UKTI) and the British Business Groups in India. Each Centre will provide meeting, training, networking and conference space alongside advice and other market entry services, with a particular emphasis on SMEs wanting to get into the Indian market for the first time.”
A second Business Centre will open in Bangalore in the coming months.
The United Kingdom is the third largest investor in India with a total FDI inflow of US $17.6 billion, equaling 9 per cent of the total FDI inflow, between April 2000 and June 2013.
In 2012, bilateral trade between the UK and India totaled £15.4billion.BLOG COMMENTS POWERED BY DISQUS