By Daniel Hunter

Ashok Layland, the Indian commercial vehicle manufacturer, have announced plans to set up a research and development centre at the MIRA Technology Park in Warwickshire.

The new centre will create 30 jobs, as well as representing Ashok Leyland’s first overseas technical research and development centre.

The inward investment announcement was made to coincide with a UK trade mission to India being led by Prime Minister David Cameron.

Ashok Leyland is part of the Hinduja Group, one of the largest commercial vehicle manufacturers in India with a turnover of US $2.5bn in 2011-12.

Trade minister Lord Green said: “We are on track to double our trade with India by 2015. India has great potential to become one of the largest markets in the world. UK businesses are rightly recognising that they can reap the rewards of looking outside Europe for trading partners, selling their goods and services to high growth markets outside the EU.

“Government is clear that we must build deeper ties with India. This means supporting and encouraging a range of companies, both large and small, to do business there in the future.”

'Open to Export' http://opentoexport.com/ is a UK Trade & Investment (UKTI) initiative in partnership with hibu plc (formerly Yell Group).

Join us on
Follow @freshbusiness