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British Trade Office to offer more facilities
Our Bureau
Pune Dec. 13
With about 115 companies already having links with Britain, the newly-opened British Trade Office is all set to offer more networking opportunities.
The Pune facility would be engaged in market research to offer tailor-made reports to the UK companies, stated Mr Andrew Cahn, Chief Executive of the UK Trade and Investment and Ms Vicki Treadell, Deputy High Commissioner, Mumbai.
They noted that India is one of the UK's largest export markets in the developing world and accounts for 80.4 per cent (£2,813 million) of the total exports in the South Asia region.
During the first half of 2006, India has become the second largest investor in the UK in terms of projects, behind the US and just ahead of Japan. Last year, India was ranked third, behind the US and Japan.
They said in 2005-06, Indian investments into the UK had risen by 110 per cent, with India rising from its eighth position to becoming the third. Mr Andrew noted that over 500 Indian firms are based in London accounting for an estimated 30 per cent of all foreign investment in the capital.
He noted that it would also be looking at biotech, where Britain is one of the leading research and development leaders after the US, while India was developing its potential in the areas of healthcare and pharmaceuticals.
The other areas included automobiles and ICT, he said.
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