//South Yorkshire builds links with Indian investors

Published 28th September 2021 at 9:22am

The Mayor of South Yorkshire, in conjunction with the High Commissioner of India, recently held a high-level Round Table meeting, which opened up new trading opportunities for both South Yorkshire’s and Indian businesses.

Alongside Mayor Dan Jarvis, key speakers at the Round Table event were High Commissioner of India to the UK, Mrs Gaitri Issar Kumar, Kevin McCole, Managing Director of the UK India Business Council (UKIBC), Richard Stubbs, South Yorkshire LEP Board Member and Gillian Bray, Deputy Head of Northern Powerhouse Investment Hub. Also in attendance were representatives from a number of Indian companies that have already invested in the UK and companies who are considering investing here.

Visitors from the UK and India were welcomed by Kevin McCole, Managing Director of the UK India Business Council and then Mayor Dan Jarvis spoke about the huge opportunities for investors looking at South Yorkshire in advanced manufacturing, healthcare & medical, life sciences, as well as higher education. This was followed by a speech by Ms Gaitri Issar Kumar, the High Commissioner of India to the UK who spoke about how Sheffield was a word she was familiar with from a young age, through the cutlery she used, and she spoke about how this has developed from traditional craftmanship into cutting edge advanced manufacturing and technology in many sectors, which is of interest to partners in India.

Mayor of South Yorkshire Dan Jarvis said: “Despite travel restrictions over the past 18 months, with the support of the UKIBC, we have managed to build new civic and economic relationships with India. We have also been able to develop the capacity of our businesses to build stronger trading links with Indian businesses through the India Growth Champions Scheme. Trade between our two countries is important to the vibrancy of our economies, as well as to our culture and places. Our Round Table meeting today helped to nurture these important relationships and to focus on embracing new ideas and developing new partnerships with India.”

Ms Gaitri Issar Kumar, the High Commissioner of India to the UK, said: “We are at a very important juncture, now the UK is post-Brexit and is reshoring manufacturing that had been offshored.  Now we are hoping to be able to trade more freely as India and South Yorkshire are natural trading partners in developing solutions to global issues.”

UKIBC Managing Director, Kevin McCole, said: “We are thrilled to support South Yorkshire build trade, investment and education partnerships in and with India. Today’s roundtable brought together Mayor Jarvis and his brilliant team with major Indian investors and the Indain High Commissioner. It is clear that there are great complementarities between South Yorshire and India in manufacturing excellence, in higher education and research, and in healthcare and digital technology. We look forward to converting all this potential into partnerships, and to supporting trade missions from South Yorkshire to India and from India to South Yorkshire in the coming months.”

After these speeches, the Round Table discussion focused on what motivated the companies to invest in the UK, any barriers to entry they faced, their experiences of investing here and Government initiatives to support Indian businesses in the UK.

Next was a presentation by Richard Stubbs, CEO of the Yorkshire & Humber Academic Health Science Network on opportunities to invest in the healthcare sector in South Yorkshire. Rachel Clark, Director of Trade and Investment at South Yorkshire Mayoral Combined Authority, then thanked all parties for attending.

In 2017, our region introduced the strategy: ‘Make in India, Design and Develop with the South Yorkshire Region’. Since then, the relationship between South Yorkshire and India has grown and developed and has been able to open up greater trading opportunities. Experts predict that India will be the world’s third largest economy by 2030.

To further build connections, in 2020, the South Yorkshire India Growth Champions programme was established to help local companies to secure new or increased exports to India. Nine Growth Champions (South Yorkshire businesses) are now going through the programme, and it is targeted that this group will secure export wins worth £1.3m.

Trading with countries such as India is expected to help South Yorkshire businesses to recover from the disruption and economic hardship the pandemic has caused, with international trade expected to be a key factor in driving forward future growth and prosperity in the region.

To find out more about how South Yorkshire works with India, see https://scrinvest.com/how-we-help/working-with-india/.

For more details about the South Yorkshire region, visit scrinvest.com.

ENDS

About the South Yorkshire Mayoral Combined Authority

We are the South Yorkshire Mayoral Combined Authority (SYMCA).

Led by Mayor of South Yorkshire Dan Jarvis, we bring together the local authorities of Barnsley, Doncaster, Rotherham and Sheffield and the private sector through our Local Enterprise Partnership (LEP).

The Mayor, MCA and LEP have a shared purpose to create a stronger, greener, fairer South Yorkshire. We work together to unlock the potential of our people, businesses and places and ensure they prosper.

Our Strategic Economic Plan (SEP) provides the blueprint for how we will transform our region. We will keep people and businesses moving and help them grow, delivering a world-class public transport network and attracting investment to create a stronger, greener, fairer South Yorkshire by 2040.

Our vision is to grow an economy that works for everyone. We will develop inclusive and sustainable approaches that build on our strengths in innovation and embrace the UK’s 4th Industrial Revolution, to contribute more to the country’s prosperity and enhance quality of life for all.

We have powers and resources, devolved from Westminster to South Yorkshire, which mean we can take decisions locally about our economy, transport, skills, housing and infrastructure.

We use these to create a vibrant, thriving South Yorkshire where people want to live and work.

We attract new investment to our region. We build the conditions for inclusive economic growth which benefits everyone. We help create good jobs, by backing businesses to grow, invest and locate in South Yorkshire.

We support people so they have the training and skills to find work, remain in work or progress in work. We help businesses secure the skills they need to be more productive and grow.

Press enquiries:

Marina Wood or Rebecca Hart at Dragonfly PR; Tel: 0114 349 5341 or email marina@dragonflypr.co.uk or rebecca@dragonflypr.co.uk