Regional
New reports spotlights technology
opportunities in India
With
A NEW UK Trade & Investment (UKTI) report, entrepreneurial spirit must be seen to be
potential
‘Business Opportunities in India for Technology believed.”
Partnerships’, maps the deep mine of business
partnerships
for Britain’s technology sector in India generated ‘Business Opportunities in India for Technology
across
by its increasingly sophisticated and growing Partnerships’ is part of UKTI’s ICT strategy to
middle class. Launched to coincide with two help SMEs tap into partnership programmes and
technology Indian delegations visiting the UK, the report is business opportunities through missions,
sub-sectors,
aimed at British firms working with networking and face-to-face meetings.
semiconductors, mobile communications and Combining UK technology expertise with the
coupled with healthcare. It provides valuable information scale of India’s ICT industry should lead to
a severe skills
about the opportunities to combine the UK’s powerful solutions for India and globally.
frontier expertise with India’s huge ICT industry
shortage, to provide technological solutions for India and The first delegation to the UK is the Indian
now is the
the world. Semiconductor Association, following a recent
MoU signing in New Delhi to work with UKTI on
time for UK
Minister for Trade, Investment and Business Lord developing India-UK technology partnerships. A
companies
Davies recently visited India, which increased major part of the programme will be UK-India
investment into the UK by 44% in 2008, seminars and networking events organised with
to take
becoming the second largest source of Silicon South West, South West Regional
advantage
investment after the US. Two-thirds of the Development Agency and East of England
42
Indians firms investing in the UK are in the International. NASSCOM is the second
of the
software and technology fields. delegation, bringing 14 of its members covering
www
technology
a variety of areas, including e-learning and
.eur Lord Davies said, “It’s been over a decade since healthcare. Events organised in London with
boom
oasiasemiconductor
outsourcing was the buzzword. Now, innovative Intellect and Think London will help UK
Indian and UK firms are working together at the companies explore how to work with Indian firms
top end of the industrial spectrum. India’s and meet one-to-one with the NASSCOM
talent, confidence, energy and delegates.
UKTI Chief Executive Sir Andrew Cahn said,
.com
“Despite the global difficulties India remains a
vital growth economy with opportunities
to match. With potential
square4
Issue VII 2009
partnerships across technology
sub-sectors, coupled with a
severe skills shortage, now is
the time for UK companies to
take advantage of the
technology boom.”
UK-India bilateral trade is
worth £12.6 billion with
double-digit growth
in the last year. The
UK’s exports to
India rose in 2008
to £5.9 billion while
imports in 2008 to
£6.2 billion.
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