By Daniel Hunter
Local businesses are being given the opportunity to gain advice on how to do business with India at seminars in Exeter and Bristol.
The ‘Doing Business in India’ workshops, being held on 8 October at Exeter Race Course and on 9 October at Leigh Court in Bristol have been organised by UK Trade and Investment (UKTI) South West in partnership with the UK-India Business Council (UKIBC).
India is the second fastest growing economy, after China, and in 2012 the bilateral trade between the UK and India was £15.4 billion. The business opportunities, which a few years ago, existed only in the traditional economic heartlands of Mumbai, Delhi and Bangalore have now stretched to the emerging cities of Nagpur, Ahmedabad, Chandigarh, Pune and Jaipur, to name but a few.
The events are aimed at CEOs, business owners, managing directors and export managers wanting to grow their business in India — whether they are experienced exporters or new to international business.
On the day delegates will be given an introduction to the Indian market and learn about the many commercial opportunities in India. They will find out about market entry, finance, and what support is available to exporters in the region. Businesses already successfully trading with India will also share their experiences and knowledge of the market.
UKTI regional director, Russell Jones said: "India may seem a complex and challenging market, but it is one that we cannot afford to ignore. Many South West companies have enjoyed considerable success in India but we would like to see more of the region’s businesses take advantage of the opportunities in this growing market.
“Preparation, planning and research are key to entering any new market and India is no exception — these events will provide the perfect opportunity to learn more.”
In September, UKIBC launched the UK India Business Centre in Gurgaon — the first such business centre to open in a major emerging market since Trade and Investment Minister Lord Green launched an initiative to transform the support given to UK business overseas. By opening UK India Business Centres, UKIBC aims to enhance UK-India bilateral trade and make it easier for British businesses to enter India.
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