A delegation from Nottingham is in Delhi to develop trade and investment opportunities as part of the UK Government’s trade visit to India.
Nottingham has been building trade and investment bridges with India for the past three years, working closely with the Indian business community and UK Government.
Nottingham delegates attended the UK India Tech Summit opened by British and Indian Prime Ministers Theresa May and Narendra Modi in Delhi. Mrs May described India as the third biggest investor into the UK and the UK as the biggest G20 investor into India.
Nottingham’s sights are set on building partnerships with key locations in order to attract new investment, support local businesses to grow their international trade and boost the visitor economy. In order to do this, raising the profile of the city in key target markets is critical, as is building networks between governments, academics and business.
Last month the city signed an agreement with the Gujurat region of India, which will see the two areas working together to create further trade and jobs, while local businessman Nat Puri is among the British businessmen accompanying Theresa May on her trip.
Nottingham’s delegation includes representatives from both universities, Nottingham businesses and the City Council. The City Council’s Portfolio Holder for Business, Growth and Transport, Councillor Nick McDonald, spoke at the UK India Tech Summit on investment opportunities in Nottingham and the Midlands. He outlined how the Midlands Engine economy is worth £222bn, property costs are a fraction of those in London and that there are strong established and emerging business sectors in the region.
Councillor McDonald said: “Our trip was timed to coincide with the Prime Minister’s visit and the Tech Summit so that Nottingham is in a strong position to benefit from closer links with India.
“We have been making good connections in India for a number of years now and there is an enormous potential for Nottingham in joint working with key regions in India. The skills, academic specialisms and our central location all make Nottingham a great fit for Indian companies looking to invest, move or expand to the UK and Europe.”