India will be the third biggest economy in the world by 2030 and is predicted to grow at an average of 5.9% per annum until 2050, making it the most rapidly expanding of all G20 countries.
In 2015, the Sheffield City Region exported £81m worth of goods to India – making it the region’s 12th largest trading partner.
As the world’s largest democracy, with ambitions towards advanced manufacturing technologies and processes, India is an ideal trading partner for the Sheffield City Region, for mutual benefit. Sheffield City Region’s world leading capabilities in manufacturing, design and development, backed by two world leading academic institutions mean there are a wealth of opportunities for collaboration.
Sir Nigel Knowles, International Advisor to the Mayor of the Sheffield City Region, said: “The time is right for us to develop even stronger and more productive relationships with trade partners around the world – and there are none more important than India.”
In 2017, we introduced the strategy: ‘Make in India, Design and Develop with the Sheffield City Region’. Since then, we have started to build relationships with Indian companies, particularly in the advanced manufacturing sector. In Sheffield City Region, our research-led advanced manufacturing cluster, backed by the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC) is well developed and is pushing the boundaries of digital efficiency and Industry 4.0. Businesses in our region are already working with Indian companies in this area and this is expected to lead to further growth opportunities.
INDIA GROWTH CHAMPIONS
In 2020 we launched our India Growth Champions Scheme a joint venture between the SCR and the UK-India Business Council (UKIBC). The 10 India Growth Champions from the Sheffield City Region want to develop their business links with India, and join a trade mission to the country in 2021. The Champions receive 10 days of dedicated support. Alongside the development of an India business plan which will include company-specific market research and competitor analysis alongside workshops and business mentoring.
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.
- Advanced Manufacturing capabilities through our Global Innovation Network, which offers 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.
Find out more about the SCR’s offer to India here: SCR Working with India.
Latest trade mission
In November 2019, Sir Nigel Knowles headed up a highly successful international trade mission to Pune in India.
Ten delegates from organisations, including Performance Engineered Solutions (PES) and the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC) joined Sir Nigel on the trade mission, which was organised by the Sheffield City Region in association with the UK Indian Business Council (UKIBC) as part of strengthening relationships between the two trading nations.
The trade mission involved visiting a host of advanced manufacturing and academic organisations, including the Automotive Research Authority of India, the Indian Institute of Technology (ITT-Bombay) and Pune College of Engineering, as well as meeting with the British Deputy High Commissioner to India and the Chief Minister of Maharashtra. Sir Nigel and our local business delegates also visited Bharat Forge, which has over 50 years of manufacturing excellence and the College of Engineering, also in Pune.
We are looking forward to building further collaborative partnerships with Indian businesses and investors in the future.