By Daniel Hunter
The Federation of Small Businesses (FSB) will be part of a trade mission to India for the opening of a new business centre helping small businesses enter the Indian market, paving the way for several hubs across the country.
Mike Cherry, the FSB’s National Policy Chairman, will join Lord Green, Trade Minister, and a delegation from the UK India Business Council at the launch of its new centre in Gurgaon today (Thursday 19 September) to meet business people and discuss how the centre will help UK firms establish successful relationships with Indian businesses.
FSB research shows that UK small businesses are broadening their export horizon and interest in countries outside Europe is growing. Currently, 14 per cent of FSB members export to India, however almost a quarter (23%) of firms wants to export to the region in the future.
Furthermore, as confidence increases among small firms, those businesses that export have seen an increase in sales. The latest figures from the FSB show that a third of members have seen sales rise and more than a quarter expect export sales to increase before the end of the year.
Mike Cherry, National Policy Chairman, Federation of Small Businesses (FSB), said: “Small businesses need help exporting and centres, such as this one, will give firms a foothold into the marketplace and a way to access quality advice and assistance. With its proximity to the UK, Europe will remain the main market for the majority of small firms that want to export.
"Some are beginning to look further afield and we would encourage them to do more. Economic recovery is beginning to take hold but to make it sustainable, small firms need to be playing a bigger role on the world stage.”
Welcoming the delegates, Rt. Hon. Patricia Hewitt, Chair UKIBC said: “We are delighted to have leading UK trade body representatives join us on our UK India Business Centre launch. I am sure they will find that the Centre an ideal ‘home away from home’ for their members, and they will be as impressed - as I am - by the new UKIBC team in India, recruited to deliver market entry advice and support to British business.”
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