Newark based International architect and design company Benoy
has announced four new contracts in India worth a combined fee of
£1million.
The news came during a visit to India with Business Secretary
Vince Cable. Benoy is among a delegation of 50 British companies in
India this week.
The visit aims to strengthen the enhanced partnership between
the two countries and follows on from the mission led by Prime
Minister David Cameron in July last year. Dr Cable, who was part of
that trade mission, is the first UK Cabinet Minister to visit this
year.
Speaking on the first day of his official visit to India in
front of hundreds of business representatives at a Confederation of
Indian Industry event in Mumbai, India's economic capital, Vince
Cable said:
"The potential for UK companies in India is huge, not least in
the creative industries where the UK is a world leader. Having
achieved significant success around the world, Benoy is
capitalising on the great opportunities offered by India and
leading the way for other firms. I congratulate them on their
continued success."
Benoy's contracts will see them:
• For Bharti Realty, the real estate arm of Bharti
Enterprises, Benoy will design and deliver the 30,000m² retail
portion of 'DIAL Aerocity' - a new commercial, hospitality and
business district set to regenerate Delhi International Airport;
and a 50,000m² mixed-use destination located in burgeoning
'new Gurgaon'.
• Working with new client M3M India in Gurgaon, Benoy will
create an innovative 80,000m² mixed-use retail and office
development that will continue to realise the region's growth
potential.
• On a prime site in Mumbai, Benoy is set to design a
premium high-end mixed-use development to include two five-star
international brand hotels, world-class office space and a
35,000m² high-end retail mall.
• Benoy also announced the opening of Benoy's 'Pacific
Mall' for client Bansal Group. Situated in Rajouri Garden, West
Delhi, the development will open on 20 January 2011.
Chairman of Benoy, Graham Cartledge, CBE, said:
"We are delighted to announce four new contracts in India and
the opening of Pacific Mall in Delhi; these milestone schemes
continue to realise the aspirations of our clients and contribute
to the evolution of the built environment in India. I am honoured
to join Dr Vince Cable for a second time in a country that has
played a vital role in my company's growth. There are tremendous
opportunities for the East Midlands in India, and I would urge
talented, entrepreneurial firms to take up the challenge and let
India play a part in their success story."
Peter Hogarth, International Trade Director for UK Trade &
Investment in the East Midlands, said:
"It's really great news for Benoy that they have secured these
new contracts in India and I hope it sends out a positive message
to all companies across Nottinghamshire - there are great
opportunities in India for companies willing to take the
challenge.
"UK Trade & Investment is here to support companies making
inroads into India - we have two missions heading out in March,
further events throughout the year and advisors who can offer
advice, support and help for you to research a specific market area
and make new business contacts.
"I'd urge anyone interested in exploring these opportunities to
contact us by visiting uktradeinvest.gov.uk "
Vince Cable also met current and potential Indian investors into
the UK. India is currently the fourth largest investor in the UK by
number of projects, and Indian investment generated 5,889 jobs in
the UK last year.
The UK's bilateral trade with India is currently worth around
£11.5bn. Exports have continued to grow since the July visit
with latest figures showing a rise of 35% in UK exports to India in
the year to October.