Newcomers Seek Business Opportunities in India

Oct 03, 2005

Six companies will be visiting India for the first time on a 23-strong Invest Northern Ireland organised trade mission from 1-12 October. The companies will be visiting the key Indian business centres of Mumbai, Bangalore and Hyderabad.

The mission is part of Invest NI’s ‘Opportunity India’ campaign to promote trade and strategic business alliances between Northern Ireland and India. It is being led by Lord Diljit Rana, President of the Northern Ireland Chamber of Commerce and Industry (NICCI) and Honorary Consul for India in Northern Ireland. NICCI signed a Memorandum of Understanding with the Federation of Indian Chambers of Commerce and Industry during a previous Invest NI trade mission.

Visiting India for the first time on an Invest NI trade mission are: Biznet, Belfast; CDE Ireland, Cookstown; Clinical Trial Services, Craigavon; Gradeall International, Dungannon; Helm Corporation, Moira; and LBM Contact, Belfast.

LBM, a recent inward investor in Northern Ireland – it has established a telemarketing operation at Whiterock in Belfast – is taking part in its first Invest NI mission.

Lord Rana, chairman and managing director of the Cordia Group in Belfast, commenting on the mission, says: “This is the biggest mission from Northern Ireland to India and is an indication of the growing interest within the local business community of the potential of a nation which has emerged as among the world’s fastest developing and most dynamic economies.

“As well as trade exchanges, the mission will enable our companies to explore opportunities with Indian businesses seeking potential partners to gain access to the huge European marketplace.”

Alan Hingston, Invest NI’sTrade director, says: “Many of the companies on the mission are already doing business in India, and some have already established a firm presence there. They include businesses across the broadest range of sectors, including quarrying machinery and construction services to advanced software solutions.

“The success of these companies, most of them small to medium sized enterprises, shows that our companies can do business in India if they are prepared to commit the time and resources to explore this vast marketplace.

“Over the past two years, our ‘Opportunity India’ campaign has focused on measures to enable companies to improve their knowledge of this market and to help them make business contacts through a series of workshops, trade missions and participation in exhibitions.

“We’ve also been encouraged by the achievements of the University of Ulster in India in using our missions to develop relationships with universities and technology institutes there,” he adds.

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