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The commerce mission seeks to cement current financial ties between India’s sub-regions and the West Midlands. Senior representatives will discover potential partnerships in areas together with rising digital applied sciences, low carbon mobility and data-driven healthcare, with the widespread goal of making extra affluent communities in each the UK and in India.
The West Midlands Growth Company (WMGC) and companions together with the Foreign, Commonwealth & Development Office (FCDO), have organised a collection of conferences and occasions which is able to deliver collectively senior figures from main Indian companies. These embody multinational producer Tata Group, bike producer TVS, automotive manufacturing group Mahindra & Mahindra, low carbon transport producer Switch Mobility, business service supplier Firstsource and Air India. The UK delegation will go to a lot of key trade hubs, together with Hyderabad-based T-Hub and the Bombay Stock Exchange (BSE).
Alongside Mayor Andy Street, the delegation will probably be led by Councillor Ian Brookfield, Leader of Wolverhampton City Council and embody senior representatives from the West Midlands Growth Company (WMGC); the Department for International Trade (DIT); the University of Birmingham; Warwick Manufacturing Group; Birmingham Airport; Birmingham City University; Bruntwood; Kagool; Birmingham Repertory Theatre, the Manufacturing Technology Centre and the British Kabaddi League. The delegation will probably be supported on the bottom by Alan Gemmell, His Majesty’s Trade Commissioner for South Asia and the British Deputy High Commissioner for Western India; Alex Ellis, British High Commissioner; and Gareth Wynn Owen, Deputy High Commissioner in Hyderabad.
With a ‘living bridge’ of almost 200,000 ethnic Indians dwelling and working within the area, the West Midlands and India already get pleasure from a powerful relationship, rooted in a shared cultural heritage and sturdy financial hyperlinks. India is the UK’s second largest supply of funding by way of variety of initiatives, and the West Midlands represents a good portion of Indian FDI into the UK, with 57% of Indian funding into the UK in 2020 situated within the West Midlands.
The area has already attracted a few of India’s greatest corporations, together with Tata Motors, State Bank of India, Infosys, OLA, Enzen Global, Suprajit Group, Elder Pharmaceuticals, Microland, BSA, Switch Mobility and Firstsource.
Andy Street, Mayor of the West Midlands, stated:
“As the UK seeks to deepen its relationship with India via a new Free Trade Agreement, we look forward to dovetailing with this national push by going out to India to ‘bang the drum’ for the West Midlands. It will be a fantastic opportunity to engage with the Indian business community to showcase just why the West Midlands is the ideal investment destination for their high growth companies.”
“Across automotive, manufacturing and technology – helped by our world class R&D infrastructure, industrial ecosystem, and specialist talent base – there is tremendous potential for the West Midlands and India to collaborate even more closely to advance innovation for the benefit of both our societies and economies.”
Cllr Ian Brookfield, City of Wolverhampton Council Leader, stated:
“The City of Wolverhampton and India have a long track record of collaboration, working closely together over the past decade to boost two-way investment, explore new opportunities around shared areas of strength and promote each other’s respective business interests. Indian-owned companies represent some of the largest businesses in Wolverhampton, from Jaguar Land Rover to Tata Steel, and our cultural ties run deep – most recently demonstrated through the launch of the British Kabaddi League in Wolverhampton. The West Midlands India Partnership is a bedrock on which this visit will build, as we seek to enhance our bilateral relations even further.”
Alan Gemmell, His Majesty’s Trade Commissioner for South Asia, stated:
“Trade between the UK and India is already worth over £24bn, which supports nearly half a million jobs in each other’s economies – many of those in the West Midlands. I’m delighted that Mayor Andy Street is visiting India to deepen links with top Indian investors and to find more opportunities for great firms from the West Midlands to export to India, creating jobs and growth in both countries.”
This commerce mission has been organised as a part of the Birmingham 2022 Commonwealth Games Business and Tourism Programme (BATP), which is able to construct on the profile created by the Commonwealth Games to entice guests, commerce, occasions and funding into Birmingham, the West Midlands and the UK from nations and territories throughout the Commonwealth, together with India.
With an economy value £105bn, the West Midlands area consists of three thriving cities – Birmingham, Coventry and Wolverhampton, with Birmingham house to extra worldwide corporations than some other main English metropolis outdoors London. In 2019, the West Midlands generated an export worth of £32 billion – the most important area by worth outdoors of London and the South-East of the UK.
BATP is sponsored by Airbnb, Dettol, Bruntwood, E.ON, Gowling WLG, University of Birmingham and Lendlease.
Ends
Notes to editors
Indian buyers within the West Midlands – case research:
Tata Motors – India’s largest automobile firm and proprietor of JLR
Tata Motors, India’s largest automobile producer, acquired British firm Jaguar Land Rover in 2008. Headquartered in Coventry, UK, Jaguar Land Rover has firmly established the West Midlands because the engine of its operations, by a community of manufacturing models and analysis amenities.
Jaguar Land Rover lately introduced its new international technique, Reimagine, a sustainability-rich reimagination of recent luxurious, distinctive buyer experiences, and constructive societal impression. It marks the beginning of the corporate’s journey to develop into a internet zero carbon business by 2039. Jaguar will probably be reimagined as an all-electric luxurious model from 2025 and Land Rover will welcome six pure electrical variants over the subsequent 5 years, because it continues to be the world chief in luxurious SUVs. All Jaguar and Land Rover nameplates will probably be out there in pure electrical type by the top of the last decade.
TVS Motors – acquired iconic British bike model Norton
January 2021 noticed Indian producer TVS Motors announce a multi-million funding to relocate the UK headquarters of subsidiary Norton Motorcycles to a brand new state-of-the-art facility in Solihull, West Midlands. The funding adopted prior acquisition of the enduring British bike marque by TVS Motors in April 2020. The premises would be the most superior and trendy plant for Norton in its 122-year historical past, and the central hub of the model’s operations. Providing a everlasting base for all workers, the brand new headquarters will probably be house to design, engineering, buying, gross sales, advertising and marketing, and assist groups in addition to the expert manufacturing workforce that’s resuming manufacture of bikes. The firm’s resolution was impressed by the area’s internationally famend cluster of automotive experience, which is chargeable for a 3rd of all manufacturing within the UK.
MicroLand – India’s main digital IT transformation firm
Microland opened a brand new state-of-the-art European Shared Services headquarters in Birmingham in 2020 to serve its rising shopper base throughout the continent. Headquartered in Bengaluru, India, the ability marked the corporate’s second funding within the area in two years. In 2018, Microland created a digital hub in Longbridge – additionally in Birmingham – that has since transitioned right into a Customer Experience Centre.
The firm at the moment employs round 80 individuals within the area, with plans to accommodate up to 200 staff as a part of potential additional enlargement. Microland’s ongoing success within the West Midlands, coupled with the alternatives arising out of the areas as a longtime centre for employment and innovation within the tech and digital sector, led the corporate to make additional investments.
Infosys BPM – a worldwide business course of administration subsidiary of Infosys Ltd
Infosys is concentrated on built-in end-to-end outsourcing and supply of transformational advantages to its purchasers by decreased prices, ongoing productiveness enchancment, and course of re-engineering.
Whilst Headquartered in India, Infosys BPM operates throughout the globe and has lately arrange a UK-based supply centre within the coronary heart of the West Midlands. The Rubery-based workplace employs roughly 150 UK staff and 45 Pune-based staff and has been instrumental in establishing a core footprint for Infosys BPM throughout the UK.
The value-led ethos has allowed for the centre to contribute important worth to purchasers and guarantee innovation and transformation is all the time a key precedence. The Birmingham Delivery Centre is dedicated to creating and contributing considerably to the shared service networks throughout the UK by establishing shut hyperlinks with a number of shared service boards and our bodies.
