Monday, January 26, 2009

UK firms eye India to beat recession

India is top on the priority list of many British corporate houses as many companies having business in India have been able to survive the economic slowdown. Now over 500 UK firms want to expand in India.

"We are no more just talking about India, we are here in India," said Sharon Bamford, chief executive officer of UK-India Business Council. The council opened its office in Mumbai on Thursday.

"India is in a better position than most other nations to face recession," Bamford said."Our survey shows that over 500 UK firms want to expand in India.

" Three companies, incuding architectural firms Benoy, Sturgis and service office provider Avanta have already opened their offices in India this month. Nuclear power generating and ancillary firms from UK want to be part of the nuclear power opportunity in India.

Seventeen such companies, including Rolls Royce, have met Indian government officials.
Agencies

Agencies

1 comment:

  1. Good bless you. You have recognised a very important fact & a great opportunity for not only UK but also other G7 nations. For saving G7 from recession, India is an opportunity, just like China was 20 years ago. India has a great appitite for absorbing Foreign Investment. Only the Govt & private sector lobby has to be greased to move fast to quickly / seamlessly absorb this opportunity. This will be a win-win for the world economies.

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