Opportunities for UK Regions in India: An analysis of key sectors for collaboration
The ‘levelling up’ agenda and ‘Global Britain’ will be two of the defining tenets of the next decade in the UK’s development story. Both principles have their own motives and objectives, and both have significant implication for the other. The opening up of trade and investment opportunities for businesses in all regions of the UK will play a key role in delivering on the levelling up agenda and in delivering for consumers across the country. Likewise, encouraging investment throughout the UK will help to grow more international collaboration opportunities, create jobs, and stimulate innovation.
At the same time, the UK-India bilateral relationship is growing under the Enhanced Trade Partnership and 2030 Roadmap. Ensuring that regions and the businesses within them all play a part in this growth and reap the benefits will thus be essential to the success of levelling up and the bilateral relationship.
This report seeks to identify the regional strengths in both countries and highlight synergies to enable businesses in certain sectors and regions to succeed in the UK-India economic corridor. In section A, it sets out the existing sector strengths and future priorities of various regions of the UK by way of the Combined Authorities. In section B, we provide a market overview of these sectors in India and identify the clusters in India where there is real strength and opportunity for greater trade, investment and collaborations.