More Than Pounds 2m Worth of Orders Expected from India Trade Visit
Byline: By Sion Barry Western Mail
A trade mission to India last month could result in a series of inward investment projects coming to Wales. The mission, organised by the Assembly's export arm, International BusinessWales, is also expected to generate orders worth more than pounds 2m for firms in Bridgend and Carmarthenshire. A number of inward investments by Indian companies - including a project to create 150 jobs in the Valleys - are also being discussed, and the Federation of Indian Chambers of Commerce and Industry agreed during talks with the mission to work with the Welsh Assembly Government to stage an India in Wales week in 2009. Deputy First Minister Ieuan Wyn Jones, who led the mission, said that the six-day series of meetings with Indian companies and government officials in Mumbai and New Delhi had been hugely successful.
"I was proud to lead a delegation of Welsh companies and higher education college representatives, each one of them eager to do business in India," he said.
An initial order worth pounds 150,000 was secured by EPS Steels (UK) of Bridgend - with significant opportunity for more.
Carmarthenshire-based SAL Consultants have been asked to submit an overview of the costs of building a new cargo hub in India, together with an outline plan of the proposed airfield capable of handling 14 Boeing 747s on the main apron.
The company intends revisiting Mumbai in early January to discuss this project further. The potential benefit to the company should be of the order of pounds 1m taking into account the further development stages required.
Teddington Engineered Solutions of Llanelli is also close to signing a pounds 1m contract over the next two years and have received inquiries that could lead to further, valuable deals.
The mission also renewed key contacts with Indian companies already located in Wales and established important links with companies showing an interest in investing here.
Mr Jones, "I am confident that, in the months ahead, there will be further orders from India for goods and services from Wales - and new investment in Wales by companies from India. …