statesman news service
NEW DELHI, 24 JUNE: India has sought investment from Northern Ireland business leaders, promising them “long-term benefits.” This was conveyed by the visiting Union minister of commerce and industry Mr Anand Sharma, while delivering the opening session of the Global India Business Meet at Belfast yesterday.
Mr Sharma said he “remains optimistic that the emerging idea of India will infuse similar confidence to other countries to partner with India. I also invite investors and businesses to invest in India and assure them of long-term benefits from engaging with India”.
The Global India Business Meet is organised by Horasis along with Northern Ireland (NI) Government and Belfast City Council.
Speaking during the opening session, Mr Sharma outlined the current global economic environment and said while last year has been difficult for the Indian economy, he hopes for a rebound in the Indian economic scenario this year. He also outlined the initiatives taken by the Indian government for further improving the investment attractiveness of India, including the National Manufacturing Policy for giving a boost to manufacturing, reforms in FDI and the ambitious skills upgradation programme.
Highlighting the strong business ties between India and Northern Ireland, Mr Sharma said over 30 Northern Ireland firms have commercial operations in India. “Indian IT companies such as Wipro, Tech Mahindra, L&T Infotech, HCL and Polaris are significant contributors to inward investments and employment in N Ireland,” he added.