As India plans to spend US$ 1 trillion on infrastructure
development over the next five years, the Minister for Trade and
Investment Lord Green is in India this week with a UK rail mission
including a delegate from Derby.
Pride Park based Interfleet Technology, who offer consultancy in
national rail systems and international best-practice, expanded
their Derby-based team of 300 by opening an office in Mumbai in
early 2010. Interfleet's Indian team has now expanded to three
staff and is already capitalising on the local presence by being
able to respond faster to client enquiries. Clients also realise
that Interfleet is in India for the long term and not just for 'one
contract'.
They are hoping to gain a number of benefits from the mission.
With the involvement of the British High Commission and the
presence of a UK government minister in the delegation, senior
management personnel within the potential client organisations tend
to take out time from their busy schedule to meet up.
Amrit Ramteke, Regional Manager of Interfleet's Indian office
said:
"Opportunities in India right now are huge. Through the trade
mission I am hoping to meet new client contacts to raise
Interfleet's profile, understand what projects other British
partner companies are currently involved with in India and take
advantage of the PR opportunities this high-profile visit by Lord
Green will undoubtedly offer. Over the past few years we have
delivered a number of assignments for clients in India and by
opening the office in Mumbai we have been able to build even closer
relationships with them and take advantage of the many business
opportunities presented by the Indian rail industry."
India's busiest railway stations already handle more passengers
than the combined numbers handled by all of the country's airports.
India plans to spend £57 billion developing its rail network
into world-class facilities across the country.
Lord Green said:
"Transforming India's infrastructure capacity is key to driving
forward its future economic growth. We hope UK firms, with their
world-class expertise and capabilities, can be the partner of
choice as India develops its rail and infrastructure networks."
Richard Burchell, International rail specialist for UK Trade
& Investment, based in Derby, said:
"It's good to see companies on the mission with a large Derby
presence, like Interfleet. They show India why Derby is one of the
world leaders in rail development. Derby has the largest cluster of
rail companies in Europe and there are currently 8,500 people
employed in this sector in Derby, whether in large international
firms or SMEs in the supply chain. Plus it generates £2.6
billion a year in the East Midlands. By taking advantage of these
trade missions and working to get involved with these huge billion
dollar projects the area can continue to benefit through increased
employment. "
The rail mission is part of wider efforts to demonstrate UK
expertise to meet India's infrastructure needs. Last July, the UK
and Indian Prime Ministers established the Britain-India
Infrastructure Group (BIIG) to take forward business interests in
India's large scale infrastructure development programme. Business
Secretary Dr Cable attended its inaugural meeting during his visit
to India this January.
The UK Trade & Investment rail mission will visit Delhi,
Mumbai, Hyderabad and Bangalore.