Scotland Eyes Life Sciences, Renewable Energy to Boost Trade

Introduction

Scotland sees bilateral trade with India growing significantly as there is huge untapped potential in the areas of life sciences, ICT, renewable energy sector among others.

Scottish Development International, the international economic development arm of the Scottish Government, has announced the opening of its office in Hyderabad. This will be its third office in India after Delhi and Mumbai.

Anne MacColl, Chief Executive Officer, SDI, said, “The opening of our new office in India and entry into South India reinforces our commitment to the market and region in particular. This will also help accelerate bilateral trade and potential for collaborations between Scottish and Indian companies.”

Mark Dolan, Country Manager of SDI said, “There has been a healthy increase in trade between India and Scotland in the last decade. This can get bigger as more companies work together. There is increasing interest in companies on both sides to partner and work together.” A high-powered ministerial delegation from Scotland headed by the Industries Minister is likely to visit India in the fourth quarter of 2013, he said.

IT companies such as Wipro, TCS, Axsys Technologies have made Scotland their base to work in the region and many others have evinced interest as it serve as an ideal base to cover the European region, they felt.

The renewable energy sector is where several of the Scottish companies are keen to share their expertise and know-how. “Already there is partnership at the Central Ministry level and we hope this will get much bigger,” they stated.

Source

India Brand Equity Foundation , February 11, 2013