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Home / North West / Creative / From India to the North West: Forging the Path to International Success

From India to the North West: Forging the Path to International Success

Creative |
July 22 2014
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Deloitte Logo June 2014

Jo Ahmed, director in global employer services at Deloitte in the North West
 
 Jo Ahmed, Director in Global Employer Services at Deloitte  
 The North West is at the heart of the UK’s economy, offering businesses global connections and the opportunities to expand internationally.
 
With India being one of the world’s fastest growing economies, expecting growth of 5% this year and between 7.5% and 10% over the coming years, it comes as little surprise that more of the region’s businesses are gravitating East to tap into this high growth market.

In the consumer sector alone, India has seen a dramatic increase in disposable income within the increasing Indian middle classes, many of whom are attracted to British brands.
 
We have also witnessed a marked increase in inward investment in recent years. The acquisition of Jaguar Land Rover (JLR) by Mumbai-headquartered Tata Motors for £1.15bn is the most high profile of these. Since its 2008 takeover, JLR has continued to report excellent year on year growth figures, demonstrating the compatibility of UK and Indian businesses.
 
In particular, India has a booming technology sector and the city of Bangalore plays host to some of the world’s leading tech companies, each with tens of thousands of employees, as well as supporting innovative start-up enterprises.

This complements the North West’s leading technological expertise in the media space and data security, which has created a culture of supporting and nurturing promising start-up companies.

It is these synergies which will allow both NW and Indian companies to benefit from greater collaboration and cross border opportunities.
 
In the last few weeks, changes to the Indian government are set to alter the face of the relationship further in the coming years. New Prime Minister Narendra Modi’s economic policies are designed to bring the big Western economies closer to the growing powers in the East.

By targeting direct foreign investment in infrastructure and defence, India’s economy offers the region’s businesses the chance to invest in rapidly growing industries.
 

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