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Huge opportunities for Indian SMEs in UK

Delegation of UK businessmen will explore trade possibilities for Nashik SMEs in the UK.

A delegation of UK businessmen will visit Nashik on March 21 to explore the possibilities of SMEs from the district of operating in the UK , reports The Times of India. The delegation, which has been invited by the Nashik Industries & Manufacturers’ Association (NIMA), will be in India for two days. Several business-to-business (B2B) meets are scheduled with the SMEs in Nashik.

The British deputy high commissioner as well as representatives from the United Kingdom Trade & Investment (UKTI) will also be a part of the delegation.

Last year, UKTI had undertaken a study of the industries in several cities in India to identify specific ones that could be a part of supply chains for UK businesses. As a part of this study, 10 cities were identified, including Nashik, Aurangabad, Indore, Coimbatore, Jaipur, Patna and Lucknow.

T R Giridhar, senior trade and investment advisor, at UKTI, stated: "Indian SMEs have plenty of business opportunities in the UK if they actively consider becoming a part of global supply chains. UKTI is also providing support to Indian industries in doing business with companies in UK."

Giridhar stated that there are many opportunities available for Indian SMEs in the UK in sectors like automotives, aerospace, life sciences, nano technology, food, chemicals, health, space applications, environment, renewable energy, infrastructure, financial services, as well as creative industries. He also stressed the large number of opportunities available in the services sectors of IT, hospitality, financial businesses and consumers services.