In 2020 the India Growth Champions Scheme was launched; a joint venture between our City Region and the UK-India Business Council (UKIBC). This involves several India Growth Champions (companies that were successful in being selected to receive support to build business links with India) from the Sheffield City Region, which includes joining a virtual trade mission in February 2021.
What does Sheffield City Region have to offer India?
- World-leading capabilities in manufacturing, design, and development. There is strong potential for Indian companies to collaborate with our region’s businesses on projects involving aerospace, automotive and healthcare technologies, particularly on digitisation.
- Advanced Manufacturing capabilities through our Global Innovation Network and AMRC, which offer extensive investment opportunities for Indian companies.
- Our region has a reputation for creativity and innovation, and this is stimulating a fast-growing digital technology/creative industries sector.
- We have two world-class universities attracting thousands of Indian students every year, as well as collaboration with overseas businesses.
- We offer exceptional quality of life, close to beautiful countryside with the Peak District National Park right on our doorstep, offer a unique mix of city living and outdoor adventure.
You can find more information on our India Growth Champions:
Sheffield technology company secures growth and sets sights on new international markets
Magnomatics, the Sheffield-based magnetic gear technology company, has achieved 10% year on year growth, despite the global pandemic and has embarked on a programme to generate more business opportunities in India.
Dave Latimer said: “We applied for the Sheffield City Region’s India Growth Champions Scheme as we see India as an emerging market and are looking forward to building new connections and opportunities here in 2021. Our technology is increasingly becoming widely recognised across the world for a multitude of applications including marine propulsion, automotive and the wider industrial markets.”
Digital Music Publishing Business sets its stights on Growth in India
Kycker, has developed an innovative online tool that musicians can use to distribute their music to all major online stores, is expanding into India, with support from the India Growth Champions Scheme. Frank Wilkes, Director of Kycker, explains: “We’re excited about the huge opportunities that are opening up to us in India – particularly with the opportunity to secure our first Indian licensing deal. The market intelligence study gave us a great insight into the market, the way the music industry works in India, the country’s legislation and industry competitors.”
Macalloy, the manufacturer of tensioning bars, tie rods and cable systems, which is celebrating its 100th anniversary this year, is planning to expand its operations in India.
The company, which has been trading in India for over 40 years, spotted the opportunity to join the India Growth Champion Scheme, as it wanted to increase its connections with India and secure new opportunities with infrastructure partners.