India infrastructure drive offers lifeline to UK architects
Senior Indian business figures are coming to the UK this month to promote design opportunities as the country spends £600bn on infrastructure over five years
Tata Consultancy Servcies chief executive Natarajan Chandrasekaranwill speak alongside business secretary Vince Cable at an event in Manchester on 14 March.
The UK India Business Council Networking Summit aims to show how UK firms can find opportunities for growth in the booming Indian market.
Design, engineering and project management companies from the UK have ‘ample opportunities’ as India overhauls its infrastructure, the UKIBC said.
Richard Heald, chief executive of the body, said: ‘India is not one single market but many markets, and businesses must have the right entry and expansion strategy to succeed.’
Mohsin Cooper director Abe Mohsin told AJ in January that the UK-based practice was planning to open an office in Bangalore this year to support a growing portfolio of work in India.
‘The Indian market is growing and there are lots of opportunities,’ he said. ‘Clients want to bring in UK sustainability and town planning experience.’
Trade body Confederation of India Industry is also bringing a delegation of advanced engineering companies to the summit.
India’s GDP grew by 8.5 per cent in 2010-11, and it is estimated average Indian income will grow by 27 times in the next four decades, according to UKIBC.
However, the latest poll of Indian commercial property professionals by the Royal Institution of Chartered Surveyors showed activity in the sector cooling after several quarters of strong growth.