Richard Bruton TD, Irelands Minister for Jobs, Enterprise and Innovation, is leading a joint delegation to India from 17th November to 21st November, 2013, visiting officials from key Indian companies interested in expanding operations into the European market. As part of the agenda, Minister Bruton will also meet Anand Sharma - Minister of Commerce & Industry, Government of India to discuss trade and investment links along with the inbound and outbound FDI policy between Ireland and India.
The Minister announced that IDA Ireland, Irelands government agency responsible for inward FDI has secured two Indian business wins this year in the form of home-grown Bangalore based companies- Aditi Technologies, a cloud computing technology services company and Synowledge, a global provider of drug safety, regulatory affairs, biometrics, clinical, and IT related solutions.
Alok Bajpai CFO & India Head, Aditi Technologies said, Our Europe business is growing more than 50% a year with some of Aditis largest customers based in UK. With a stabilised and agile team in London and Dublin, we would have the necessary wherewithal for expansion into Europe. Ireland's investor friendly policies, close proximity to continental Europe and membership of the EU fit perfectly into our expansion strategy.
Richard Bruton said India is a crucial trading partner for Ireland and the trade between both the countries reached an all-time high of 2.3 billion in 2012, which was a 24% increase from 2011. Given that both India and Ireland pride themselves on the quality of research, innovation and knowledge intensive talent capabilities, we will continue to leverage these synergies in establishing Ireland as a preferred partner for Indian companies focused on impacting their long term business goals.
India is pivotal in IDA Irelands emerging markets growth strategy. Having established its presence in the country in 2008, IDA Ireland India has been consulting not only conglomerates and multinational corporations but also early stage, fast growing companies from India.