Ireland woos Kerala-based companies, positions itself as base to access European markets

V.Sajeev Kumar Kochi | Updated on August 03, 2018

Tanaz Buhariwalla, Country Director - India at IDA Ireland

Ireland has started wooing Kerala-based companies to set up units there by using that country as a base to access European markets. Tanaz Buhariwalla, Country Director - India at IDA Ireland, who was here for a road-show, told presspersons that there has been increased interest from Indian companies to use Ireland as their base for growth in Europe.

This interest has spiked since Brexit, as companies were concerned about how they would service the European markets from the UK. Over 40 Indian companies from the IT, services, medical devices, engineering and pharmaceuticals sectors have set up shop in Ireland.

“We are excited at the response received from Kochi-based companies that we are in discussion with. We are looking at companies engaged in food processing, agri, IT, life sciences and healthcare workers,” she said.

IDA Ireland, the nodal agency to attract investments, is engaging with organisations in IT services, fintech, pharmaceuticals and medical devices, among others. Currently, six of the top 10 Indian IT services companies operate out of Ireland, including TCS, HCL, Wipro, Infosys and Mindtree.

Indian and Irish companies are increasingly looking for opportunities to collaborate in key knowledge sectors, and it is encouraging to note the increase in conversations between companies of the two countries. Indian companies are turning to Ireland to benefit from the well-developed sectoral clusters there, and to gain access to valuable European markets, she added.

Published on August 03, 2018

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