The UK India Business Council (UKIBC) is taking a delegation to India to help UK construction, architecture and equipment companies win new business
The Government of India is projected to invest over USD 1 trillion in infrastructure over the next 10 years. This presents huge opportunities for UK companies in the infrastructure sector. Recognizing this opportunity, British companies like BDP, Mott McDonald, Arup have made inroads in India hoping to avoid a dip in orders, by expanding overseas.
According to analyst Global Construction Perspectives, India's construction market is the world's ninth largest, just above the UK, and has the second highest predicted growth over the next five years, at 9.6%.
"Expanding into the Indian market has helped UK architecture, buildings and construction equipment companies ride out the recession. UKIBC member companies like JCB, Benoy, BDP have succeeded in establishing a strong presence in India by securing new projects and expanding their businesses. Just last month Benoy picked up a series of contract wins in India, including a 195,000 sq m residential development in Bangalore," said UKIBC COO Kevin McCole.
Mike Nithavrianakis, Deputy High Commissioner, Southern India, said, "Southern India offers various opportunities across a range of sectors in infrastructure. We welcome UK companies to come to India, meet Indian businesses, highlight their expertise, and win projects. "
To help UK businesses promote their work and get business in India, UKIBC is taking an infrastructure sector delegation to southern India in October 2010. Companies will meet local urban development and state officials, Indian businesses and promote their work to relevant clients.
"It will be an ideal opportunity for companies to join other UK infrastructure companies, leading architects, civil engineers, construction companies, utility companies and built environment sector specialists and go on site visits, meet local businesses and win projects. Companies will also participate in the Green Buildings Congress 2010 - a headlining event for the infrastructure industry - in Chennai," added McCole.
In southern India, there are major opportunities in commercial and residential complexes, special economic zones, transport, high speed rail corridors, and major highway and ports projects. Benoy chairman Graham Cartledge, has said, there were "vast" amounts of work for UK firms in what is now a "dynamic, forward-thinking economy". Benoy is working on 40 projects in the country.
He said, "India is a vibrant emerging market and I would urge Birmingham's creative and construction industries to pursue the opportunities presented by India and utilise the help and support offered by UK Trade & Investment and the event organisers, the UK India Business Council."
ENDS
For more information on UKIBC, please contact Ishara Bhasi Callan on +44 207 592 3045 or email ishara.callan@ukibc.com
NOTES TO EDITOR
About UKIBC
The UK India Business Council (UKIBC) is the premier membership-led organisation supporting the UK Government in the promotion of trade, business and investment between the two countries.
To read more about the delegation, please go to www.ukibc.com
About Green buildings congress
The Indian Green Building Council (IGBC) of CII -Sohrabji Godrej Green Business Centre is hosting the 8th "Green Building Congress 2010" between 7th - 9th October 2010 at Chennai Trade Centre, Chennai.
Green Building Congress 2010 will feature a two-day International Conference, three-day exhibition focusing on showcasing Green Building technologies / Products / Services and one-day exclusive seminar focusing on Green materials.
The objectives of the Green Building Congress are to:
*Showcase Green Building Products / Technologies / Services
*Network and Promote Business opportunities
*Facilitate Market Transformation
Over 2000 delegates from the construction industry are expected to attend this conference.