Wales enjoys excellent business relations with India
In the early 2000s, we started to see a trend emerging in terms of Indian companies looking to globalise their businesses. There are around 20 Indian companies currently active in Wales, employing over 5,000 people.
Major Indian companies with a presence in Wales include Tata, FirstSource, Mahindra Group, Liberty Group and Wockhardt. These are all providing vital jobs for local communities so their contributions to both the local and national economies of Wales cannot be understated.
In recognition of this, Tata and Liberty Group have been awarded Anchor Company status and Target Group (now owned by Mahindra Group) has been awarded Regionally Important Company (RIC) status.
Wales has three overseas offices located in key regions of India (Bangalore, Mumbai and New Delhi). The overseas offices are responsible for contributing to activity in the fields of trade and investment, government relations, tourism, culture and education. They build and maintain relations and facilitating business meetings and deliver a programme of activity to promote Wales as a place to invest, do business, work, study and visit.
Indian investments in Wales over the last five years have primarily been in the areas of Financial & Professional Services, Energy & Environment and Advanced Materials & Manufacturing (58%).
The value of Welsh exports to India is also into the hundreds of millions. Particularly in the Power Generating Machinery and Equipment.
[Indian High Commissioner Visits the Tata Steel site in Port Talbot, Wales]
Some of the Indian companies with a presence in Wales include:
- Tata Steel
- Positive Shift
- Roha UK Ltd (JJT Group)
- Simec Group (Uksmouth power plant)
- Tritech Group Ltd
- Wockhardt UK Ltd
- Tech Mahindra
And we also have a number of Welsh businesses in India:
- Admiral Insurance
- Hydro Industries/Aquapurum
- Indoor Biotechnologies
- Montagne Jeunesse
- Sure Chill partnered with Godrez
Wales and India Trade Missions
The Welsh Government has made several recent trade missions to India, demonstrating the importance of India as an export market and more are planned for Mumbai and Bangalore. Last financial year, India safeguarded and created 7333 jobs in Wales from 9 projects compared to a total of 11546 from the rest of the world.
On 21 September 2016, a reception was held in Mumbai for the Welsh Trade Mission attended by the Maharashtra State Minister, Honourable Mahadev Jankar and Mr Colin Wells, the Acting British Deputy High Commissioner.
Villages in India are now benefiting from Swansea University expertise in creating buildings that work as power stations, generating, storing and releasing their own power, thanks to £7 million of UK government funding. The money was awarded to a Swansea-led consortium of 12 UK and Indian universities, including Oxford, Cambridge, Brunel, and Imperial College London.
Professor Dave Worsley of Swansea University, head of research at the SPECIFIC project, said: “The energy-positive classroom we built shows that this technology works, successfully turning buildings into power stations. This funding will enable us to export this model to support India’s plans to boost solar energy
Companies from India also visit Wales for the purpose of strengthening trade. In 2017 BDHC Chandigarh came to Wales to liaise with the Welsh IT and ITES sector, to meet Welsh companies, and understand the business potential in Wales.
Visit our international business pages to find out more.